Benjamin Edwards Inc. Raises Holdings in Cars.com Inc. (NYSE:CARS)

Benjamin Edwards Inc. grew its position in Cars.com Inc. (NYSE:CARS) by 53.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,981 shares of the company’s stock after buying an additional 5,879 shares during the quarter. Benjamin Edwards Inc.’s holdings in Cars.com were worth $335,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Cars.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock worth $123,983,000 after purchasing an additional 81,645 shares during the last quarter. Greenvale Capital LLP lifted its stake in shares of Cars.com by 2.0% during the 4th quarter. Greenvale Capital LLP now owns 4,628,403 shares of the company’s stock worth $87,801,000 after purchasing an additional 90,222 shares during the last quarter. Boston Partners lifted its stake in shares of Cars.com by 25.0% during the 1st quarter. Boston Partners now owns 2,153,942 shares of the company’s stock worth $36,972,000 after purchasing an additional 430,654 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Cars.com by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock worth $21,252,000 after purchasing an additional 175,094 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Cars.com by 50.3% during the 1st quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company’s stock worth $10,573,000 after purchasing an additional 205,871 shares during the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. UBS Group decreased their price objective on Cars.com from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. B. Riley reduced their target price on Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Cars.com in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. lowered Cars.com from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $19.00 in a research report on Friday, August 9th.

Insider Activity

In related news, CEO Thomas Alex Vetter sold 17,674 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $19.23, for a total transaction of $339,871.02. Following the sale, the chief executive officer now directly owns 598,934 shares of the company’s stock, valued at $11,517,500.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.12% of the company’s stock.

Cars.com Trading Down 1.9 %

Shares of NYSE:CARS opened at $17.97 on Friday. The business’s 50-day moving average is $18.23 and its 200 day moving average is $18.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $1.19 billion, a P/E ratio of 11.45 and a beta of 2.11. Cars.com Inc. has a 1 year low of $14.82 and a 1 year high of $21.24.

Cars.com (NYSE:CARS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). The firm had revenue of $178.89 million during the quarter, compared to analyst estimates of $181.51 million. Cars.com had a net margin of 3.51% and a return on equity of 6.70%. On average, research analysts predict that Cars.com Inc. will post 1.22 earnings per share for the current fiscal year.

About Cars.com

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.