LSV Asset Management Acquires 86,800 Shares of Cars.com Inc. $CARS

LSV Asset Management increased its holdings in shares of Cars.com Inc. (NYSE:CARS) by 83.3% during the fourth quarter, Holdings Channel reports. The fund owned 191,000 shares of the company’s stock after purchasing an additional 86,800 shares during the period. LSV Asset Management’s holdings in Cars.com were worth $2,330,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CARS. BNP Paribas Financial Markets grew 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 worth $83,000 after acquiring an additional 1,623 shares during the last quarter. Tower Research Capital LLC TRC grew 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 worth $94,000 after acquiring an additional 6,475 shares during the last quarter. Virtus Advisers LLC bought a new stake in Cars.com during the 3rd quarter worth approximately $100,000. State of Wyoming bought a new stake in Cars.com during the 2nd quarter worth approximately $115,000. Finally, AXA S.A. bought a new stake in Cars.com during the 2nd quarter worth approximately $126,000. 89.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CARS. Zacks Research upgraded Cars.com from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. DA Davidson restated a “buy” rating and set a $13.00 price target on shares of Cars.com in a research report on Monday, April 13th. Weiss Ratings lowered Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 1st. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research report on Friday, February 27th. Finally, B. Riley Financial lowered Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.67.

Cars.com Stock Up 1.0%

Shares of CARS opened at $9.75 on Wednesday. The firm has a market capitalization of $545.05 million, a price-to-earnings ratio of 22.67 and a beta of 1.64. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.87 and a current ratio of 1.87. The business’s fifty day moving average price is $9.70 and its two-hundred day moving average price is $10.77. Cars.com Inc. has a 52 week low of $7.40 and a 52 week high of $13.97.

Cars.com (NYSE:CARS) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The firm had revenue of $180.22 million during the quarter, compared to the consensus estimate of $180.16 million. Cars.com had a net margin of 3.73% and a return on equity of 18.12%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, analysts predict that Cars.com Inc. will post 1.83 earnings per share for the current year.

Cars.com 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.