GAM Holding AG acquired a new stake in shares of Cars.com Inc (NASDAQ:CARS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 86,576 shares of the company’s stock, valued at approximately $2,305,000. GAM Holding AG owned 0.12% of Cars.com at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CARS. First Personal Financial Services acquired a new stake in Cars.com during the second quarter valued at $118,000. First Mercantile Trust Co. purchased a new position in shares of Cars.com during the second quarter valued at approximately $132,000. AT Bancorp purchased a new position in shares of Cars.com during the second quarter valued at approximately $168,000. ING Groep NV purchased a new position in shares of Cars.com during the second quarter valued at approximately $239,000. Finally, Reliance Trust Co. of Delaware purchased a new position in shares of Cars.com during the second quarter valued at approximately $243,000.

Cars.com Inc (NASDAQ:CARS) opened at 26.19 on Tuesday. The company has a 50-day moving average price of $24.53 and a 200 day moving average price of $25.49. The company has a market capitalization of $1.87 billion and a PE ratio of 12.32. Cars.com Inc has a 12 month low of $19.90 and a 12 month high of $29.47.

Cars.com (NASDAQ:CARS) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.40. The firm had revenue of $156.62 million for the quarter, compared to the consensus estimate of $157 million. Cars.com had a return on equity of 5.13% and a net margin of 15.84%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. On average, equities research analysts forecast that Cars.com Inc will post $1.35 EPS for the current fiscal year.

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Several research analysts recently commented on CARS shares. Barrington Research started coverage on Cars.com in a research report on Tuesday, June 6th. They issued an “outperform” rating for the company. Craig Hallum started coverage on Cars.com in a research report on Thursday, July 20th. They issued a “hold” rating and a $25.00 target price for the company.

Cars.com Company Profile

Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.

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

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