204,276 Shares in Cars.com Inc. $CARS Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Cars.com Inc. (NYSE:CARS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 204,276 shares of the company’s stock, valued at approximately $2,496,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hill Path Capital LP bought a new stake in shares of Cars.com in the 2nd quarter worth about $23,854,000. Brown Advisory Inc. acquired a new position in Cars.com in the second quarter worth about $16,456,000. Par Capital Management Inc. bought a new stake in Cars.com in the second quarter valued at about $14,220,000. Arrowstreet Capital Limited Partnership raised its stake in Cars.com by 89.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 859,245 shares of the company’s stock valued at $10,182,000 after buying an additional 404,603 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Cars.com by 3.8% during the second quarter. First Eagle Investment Management LLC now owns 607,143 shares of the company’s stock valued at $7,195,000 after buying an additional 22,000 shares in the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cars.com

In other news, insider Matthew B. Crawford sold 27,358 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $12.03, for a total transaction of $329,116.74. Following the completion of the transaction, the insider directly owned 71,103 shares in the company, valued at approximately $855,369.09. The trade was a 27.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sonia Jain sold 11,400 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $13.45, for a total value of $153,330.00. Following the completion of the transaction, the chief financial officer directly owned 243,642 shares of the company’s stock, valued at $3,276,984.90. This trade represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Cars.com from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cars.com in a report on Thursday, October 30th. DA Davidson reiterated a “buy” rating and set a $13.50 target price on shares of Cars.com in a research note on Tuesday, November 18th. Zacks Research cut shares of Cars.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, UBS Group lifted their price target on shares of Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.70.

Cars.com Price Performance

Shares of NYSE CARS opened at $12.19 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market capitalization of $728.96 million, a PE ratio of 26.50 and a beta of 1.45. Cars.com Inc. has a 1-year low of $9.56 and a 1-year high of $19.00. The business’s fifty day moving average price is $12.08 and its two-hundred day moving average price is $12.24.

Cars.com (NYSE:CARS) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). Cars.com had a net margin of 4.16% and a return on equity of 18.32%. The firm had revenue of $181.57 million for the quarter, compared to analyst estimates of $181.37 million. During the same period last year, the firm posted $0.41 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. On average, research analysts expect that Cars.com Inc. will post 1.19 EPS for the current year.

Cars.com Company Profile

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.