WINTON GROUP Ltd Sells 71,535 Shares of Cars.com Inc. (NYSE:CARS)

WINTON GROUP Ltd lessened its holdings in shares of Cars.com Inc. (NYSE:CARSGet Rating) by 72.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 27,829 shares of the company’s stock after selling 71,535 shares during the quarter. WINTON GROUP Ltd’s holdings in Cars.com were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Victory Capital Management Inc. increased its holdings in Cars.com by 45.8% in the 1st quarter. Victory Capital Management Inc. now owns 63,865 shares of the company’s stock valued at $710,000 after acquiring an additional 20,060 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Cars.com by 97.0% in the 1st quarter. New York State Common Retirement Fund now owns 88,383 shares of the company’s stock worth $1,275,000 after purchasing an additional 43,513 shares during the period. Royce & Associates LP lifted its position in shares of Cars.com by 13.9% in the 1st quarter. Royce & Associates LP now owns 467,159 shares of the company’s stock worth $6,741,000 after purchasing an additional 57,176 shares during the period. Jacobson & Schmitt Advisors LLC purchased a new stake in Cars.com during the first quarter valued at approximately $289,000. Finally, Swiss National Bank lifted its position in Cars.com by 7.8% during the first quarter. Swiss National Bank now owns 163,400 shares of the company’s stock valued at $2,358,000 after acquiring an additional 11,800 shares during the last quarter. Hedge funds and other institutional investors own 99.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CARS. BTIG Research upped their price target on shares of Cars.com to $18.00 in a research note on Tuesday, August 9th. DA Davidson lowered their price target on shares of Cars.com from $18.00 to $17.50 and set a “buy” rating on the stock in a report on Friday, November 4th.

Cars.com Stock Performance

CARS opened at $13.95 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The company has a market cap of $929.21 million, a price-to-earnings ratio of 1,396.40 and a beta of 1.94. Cars.com Inc. has a 52-week low of $8.75 and a 52-week high of $19.09. The firm’s fifty day simple moving average is $12.75 and its two-hundred day simple moving average is $11.59.

Cars.com (NYSE:CARSGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.18). Cars.com had a return on equity of 0.26% and a net margin of 0.15%. The firm had revenue of $164.60 million for the quarter, compared to analyst estimates of $164.16 million. Equities analysts anticipate that Cars.com Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Thomas E. Hale sold 4,064 shares of Cars.com stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $14.52, for a total value of $59,009.28. Following the completion of the transaction, the director now owns 76,677 shares in the company, valued at $1,113,350.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Cars.com Profile

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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.

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

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