Y Intercept Hong Kong Ltd Trims Holdings in Cars.com Inc. $CARS

Y Intercept Hong Kong Ltd lowered its holdings in Cars.com Inc. (NYSE:CARS) by 43.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 58,786 shares of the company’s stock after selling 44,372 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.10% of Cars.com worth $718,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CARS. CWM LLC increased its stake in shares of Cars.com by 119.9% during the second quarter. CWM LLC now owns 4,227 shares of the company’s stock valued at $50,000 after buying an additional 2,305 shares during the period. GAMMA Investing LLC boosted its holdings in Cars.com by 27.7% in the third quarter. GAMMA Investing LLC now owns 5,898 shares of the company’s stock valued at $72,000 after acquiring an additional 1,279 shares in the last quarter. BNP Paribas Financial Markets increased its position in Cars.com by 30.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $83,000 after purchasing an additional 1,623 shares during the period. Tower Research Capital LLC TRC increased its position in Cars.com by 436.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after purchasing an additional 6,475 shares during the period. Finally, State of Wyoming bought a new position in Cars.com in the 2nd quarter worth $115,000. 89.15% of the stock is currently owned by institutional investors.

Cars.com Stock Up 0.3%

CARS stock opened at $11.39 on Tuesday. The business has a 50 day moving average of $12.25 and a 200 day moving average of $12.18. The firm has a market cap of $681.18 million, a PE ratio of 24.76 and a beta of 1.46. Cars.com Inc. has a twelve month low of $9.56 and a twelve month high of $18.03. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.94.

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 analysts’ consensus estimates of $0.50 by ($0.02). Cars.com had a return on equity of 18.32% and a net margin of 4.16%.The firm had revenue of $181.57 million during the quarter, compared to the consensus estimate of $181.37 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts forecast that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

Insider Activity at Cars.com

In other news, insider Matthew B. Crawford sold 27,358 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $12.03, for a total transaction of $329,116.74. Following the sale, the insider owned 71,103 shares in the company, valued at $855,369.09. This represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sonia Jain sold 11,400 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $13.45, for a total transaction of $153,330.00. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CARS shares. DA Davidson reaffirmed a “buy” rating and set a $13.50 target price on shares of Cars.com in a research note on Tuesday, November 18th. JPMorgan Chase & Co. raised their price objective on shares of Cars.com from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cars.com in a report on Tuesday, January 27th. Finally, UBS Group increased their target price on Cars.com from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.90.

About Cars.com

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.