State of New Jersey Common Pension Fund D Makes New $953,000 Investment in Cars.com Inc. (NYSE:CARS)

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.

Cars.com (NYSE:CARS) last released its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. Cars.com had a negative net margin of 69.79% and a positive return on equity of 6.14%. The business had revenue of $152.10 million for the quarter, compared to analyst estimates of $150.23 million. During the same period last year, the company posted $0.55 EPS. The business’s revenue was down 10.2% on a year-over-year basis. As a group, sell-side analysts expect that Cars.com Inc. will post 1.1 EPS for the current fiscal year.

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.

About Cars.com

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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Institutional Ownership by Quarter for Cars.com (NYSE:CARS)

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