Cars.com Inc. (NYSE:CARS) Stock Holdings Lowered by Ninety One UK Ltd

Ninety One UK Ltd reduced its holdings in Cars.com Inc. (NYSE:CARS) by 42.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,564,014 shares of the company’s stock after selling 1,165,708 shares during the period. Ninety One UK Ltd’s holdings in Cars.com were worth $29,669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CARS. Louisiana State Employees Retirement System purchased a new position in shares of Cars.com in the fourth quarter worth approximately $584,000. Kendall Capital Management increased its position in shares of Cars.com by 51.2% in the fourth quarter. Kendall Capital Management now owns 42,505 shares of the company’s stock worth $806,000 after acquiring an additional 14,385 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Cars.com by 16.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 23,556 shares of the company’s stock worth $447,000 after acquiring an additional 3,400 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Cars.com by 12.0% in the fourth quarter. Ritholtz Wealth Management now owns 86,384 shares of the company’s stock worth $1,639,000 after acquiring an additional 9,261 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Cars.com by 118.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,652 shares of the company’s stock worth $31,000 after acquiring an additional 896 shares in the last quarter. 89.15% of the stock is currently owned by institutional investors.

Cars.com Stock Performance

Shares of CARS opened at $16.16 on Friday. The company’s 50 day moving average price is $17.55 and its 200 day moving average price is $17.82. Cars.com Inc. has a 52 week low of $14.82 and a 52 week high of $22.84. The company has a market capitalization of $1.06 billion, a PE ratio of 9.34 and a beta of 2.05. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.22 and a current ratio of 1.22.

Cars.com (NYSE:CARS) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Cars.com had a net margin of 17.19% and a return on equity of 25.78%. The company had revenue of $179.60 million for the quarter, compared to analysts’ expectations of $178.40 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts expect that Cars.com Inc. will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Insider Activity at Cars.com

In related news, CEO Thomas Alex Vetter sold 14,999 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $19.00, for a total transaction of $284,981.00. Following the transaction, the chief executive officer now directly owns 553,886 shares of the company’s stock, valued at $10,523,834. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cars.com news, insider Douglas Neal Miller sold 1,823 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total value of $33,725.50. Following the completion of the sale, the insider now directly owns 181,596 shares of the company’s stock, valued at $3,359,526. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Alex Vetter sold 14,999 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $19.00, for a total transaction of $284,981.00. Following the completion of the sale, the chief executive officer now directly owns 553,886 shares of the company’s stock, valued at $10,523,834. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,488 shares of company stock valued at $654,361. Corporate insiders own 1.59% of the company’s stock.

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.