Rhumbline Advisers purchased a new position in shares of Cars.com Inc (NASDAQ:CARS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 149,587 shares of the company’s stock, valued at approximately $3,984,000. Rhumbline Advisers owned approximately 0.21% of Cars.com as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. First Mercantile Trust Co. bought a new position in shares of Cars.com during the 2nd quarter worth approximately $132,000. DekaBank Deutsche Girozentrale bought a new position in shares of Cars.com during the 2nd quarter worth approximately $1,588,000. Arizona State Retirement System bought a new position in shares of Cars.com during the 2nd quarter worth approximately $803,000. Schwab Charles Investment Management Inc. bought a new position in shares of Cars.com during the 2nd quarter worth approximately $9,003,000. Finally, AT Bancorp bought a new position in shares of Cars.com during the 2nd quarter worth approximately $168,000.

CARS has been the subject of several research reports. Barrington Research initiated coverage on shares of Cars.com in a research note on Tuesday, June 6th. They set an “outperform” rating for the company. Craig Hallum initiated coverage on shares of Cars.com in a research note on Thursday, July 20th. They set a “hold” rating and a $25.00 price target for the company.

Cars.com Inc (NASDAQ CARS) opened at 26.31 on Tuesday. The stock’s 50 day moving average is $24.62 and its 200 day moving average is $25.53. The company has a market capitalization of $1.88 billion and a PE ratio of 12.38. Cars.com Inc has a 52 week low of $19.90 and a 52 week high of $29.47.

Cars.com (NASDAQ:CARS) last issued its earnings results on Wednesday, August 9th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.40. Cars.com had a return on equity of 5.13% and a net margin of 15.84%. The company had revenue of $156.62 million for the quarter, compared to analyst estimates of $157 million. During the same period in the prior year, the firm earned $0.59 earnings per share. Cars.com’s revenue for the quarter was up .0% on a year-over-year basis. Analysts predict that Cars.com Inc will post $1.35 EPS for the current fiscal year.

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Cars.com 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.

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

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