State of New Jersey Common Pension Fund D acquired a new position in shares of Cars.com Inc. (NYSE:CARS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 106,100 shares of the company’s stock, valued at approximately $953,000. State of New Jersey Common Pension Fund D owned 0.16% of Cars.com as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CARS. Marshall Wace LLP bought a new stake in Cars.com during the 1st quarter valued at $63,000. FMR LLC boosted its position in Cars.com by 26.7% during the 1st quarter. FMR LLC now owns 1,052,622 shares of the company’s stock valued at $24,000,000 after acquiring an additional 222,027 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Cars.com by 2.3% during the 1st quarter. First Trust Advisors LP now owns 99,581 shares of the company’s stock valued at $2,270,000 after purchasing an additional 2,205 shares during the last quarter. CHICAGO TRUST Co NA purchased a new stake in shares of Cars.com during the 2nd quarter valued at $200,000. Finally, Sicart Associates LLC lifted its holdings in shares of Cars.com by 42.8% during the 2nd quarter. Sicart Associates LLC now owns 253,220 shares of the company’s stock valued at $4,993,000 after purchasing an additional 75,890 shares during the last quarter.
CARS stock traded down $0.09 during trading on Tuesday, hitting $12.50. The stock had a trading volume of 9,490 shares, compared to its average volume of 1,074,277. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average price is $10.45 and its two-hundred day moving average price is $15.58. Cars.com Inc. has a twelve month low of $8.23 and a twelve month high of $28.50. The stock has a market capitalization of $840.54 million, a P/E ratio of 6.90 and a beta of 1.09.
In other Cars.com news, CEO Thomas Alex Vetter bought 11,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average cost of $9.58 per share, with a total value of $105,380.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.35% of the company’s stock.
Several analysts have recently commented on CARS shares. Craig Hallum upgraded Cars.com from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Monday, September 16th. They noted that the move was a valuation call. B. Riley set a $18.00 target price on Cars.com and gave the company a “buy” rating in a research report on Friday, September 13th. ValuEngine upgraded Cars.com from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Cars.com from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Citigroup reiterated a “buy” rating and issued a $19.00 price objective (down from $27.00) on shares of Cars.com in a report on Tuesday, August 6th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $24.31.
Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.
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