Voloridge Investment Management LLC Takes Position in Cars.com Inc. (NYSE:CARS)
Voloridge Investment Management LLC acquired a new stake in Cars.com Inc. (NYSE:CARS) during the fourth quarter, purchasing 63,745 shares valued at approximately $1.1 million. Other institutional investors also increased their holdings. Cars.com stock opened at $10.24, with a market cap of $650.21 million. The company reported earnings of $0.37 per share, missing estimates, and analysts predict a current year EPS of 1.19. The average target price for Cars.com is $18.30, with a rating of "Moderate Buy."
Voloridge Investment Management LLC bought a new stake in Cars.com Inc. (NYSE:CARS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,745 shares of the company's stock, valued at approximately $1,105,000. Voloridge Investment Management LLC owned 0.10% of Cars.com as of its most recent filing with the Securities and Exchange Commission (SEC).
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A number of other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cars.com by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,974 shares of the company's stock valued at $970,000 after acquiring an additional 587 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Cars.com by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 236,850 shares of the company's stock valued at $4,105,000 after buying an additional 827 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Cars.com by 193.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock valued at $29,000 after buying an additional 1,079 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Cars.com by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock valued at $89,000 after buying an additional 1,516 shares during the period. Finally, KBC Group NV boosted its holdings in Cars.com by 68.2% in the fourth quarter. KBC Group NV now owns 3,885 shares of the company's stock valued at $67,000 after acquiring an additional 1,575 shares during the last quarter. Institutional investors own 89.15% of the company's stock.
Cars.com Stock Down 0.2%
CARS stock opened at $10.24 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $650.21 million, a price-to-earnings ratio of 17.65 and a beta of 1.95. Cars.com Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $21.24. The stock has a fifty day moving average of $11.20 and a 200-day moving average of $14.90.
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Cars.com (NYSE:CARS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $179.02 million for the quarter, compared to the consensus estimate of $179.82 million. Cars.com had a return on equity of 9.99% and a net margin of 5.46%. The firm's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. As a group, equities research analysts predict that Cars.com Inc. will post 1.19 earnings per share for the current year.
Analyst Ratings Changes
CARS has been the topic of several analyst reports. UBS Group reduced their target price on Cars.com from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. DA Davidson reduced their target price on Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a report on Friday, February 28th. Barrington Research reiterated an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reduced their target price on Cars.com from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Cars.com has an average rating of "Moderate Buy" and an average target price of $18.30.
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Get Our Latest Report on CARS
Insiders Place Their Bets
In other Cars.com news, CEO Thomas Alex Vetter purchased 27,870 shares of the company's stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $10.75 per share, for a total transaction of $299,602.50. Following the transaction, the chief executive officer now owns 844,897 shares in the company, valued at $9,082,642.75. The trade was a 3.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.39% of the stock is owned by corporate insiders.
Cars.com Company Profile
(Free Report)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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Want to see what other hedge funds are holding CARS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cars.com Inc. (NYSE:CARS - Free Report).
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