First Eagle Investment Management LLC cut its holdings in shares of Cars.com Inc. (NYSE:CARS – Free Report) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 218,652 shares of the company’s stock after selling 16,500 shares during the period. First Eagle Investment Management LLC owned about 0.33% of Cars.com worth $3,686,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CARS. Vanguard Group Inc. lifted its stake in shares of Cars.com by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,214,841 shares of the company’s stock valued at $82,971,000 after acquiring an additional 61,764 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cars.com by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,523,302 shares of the company’s stock valued at $67,998,000 after acquiring an additional 26,322 shares during the last quarter. State Street Corp lifted its stake in shares of Cars.com by 2.3% in the 2nd quarter. State Street Corp now owns 2,372,414 shares of the company’s stock valued at $22,372,000 after acquiring an additional 53,295 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Cars.com by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,238,014 shares of the company’s stock valued at $24,537,000 after acquiring an additional 22,114 shares during the last quarter. Finally, Boston Partners lifted its stake in shares of Cars.com by 599.5% in the 3rd quarter. Boston Partners now owns 782,912 shares of the company’s stock valued at $13,051,000 after acquiring an additional 670,982 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.
Cars.com Stock Performance
NYSE CARS opened at $18.54 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $18.40 and a 200 day simple moving average of $18.39. Cars.com Inc. has a twelve month low of $14.82 and a twelve month high of $22.84. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 10.53 and a beta of 2.05.
Insiders Place Their Bets
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. increased their price objective on Cars.com from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, October 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.54.
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.
- Five stocks we like better than Cars.com
- How to Find Undervalued Stocks
- Ulta Beauty set for a breakout to new highs
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Exxon and Chevron ready to rally: The floor is in for big oil
- What Do S&P 500 Stocks Tell Investors About the Market?
- Analysts jumped on this stock ahead of earnings; markets love it
Receive News & Ratings for Cars.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter.