Hsbc Holdings PLC Has $210,000 Stock Holdings in Cars.com Inc. (NYSE:CARS)

Hsbc Holdings PLC lowered its stake in Cars.com Inc. (NYSE:CARS) by 44.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,618 shares of the company’s stock after selling 8,427 shares during the period. Hsbc Holdings PLC’s holdings in Cars.com were worth $210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CARS. Campbell & CO Investment Adviser LLC grew its holdings in shares of Cars.com by 210.7% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 33,790 shares of the company’s stock worth $641,000 after purchasing an additional 22,914 shares during the last quarter. Greenvale Capital LLP increased its position in Cars.com by 2.0% in the 4th quarter. Greenvale Capital LLP now owns 4,628,403 shares of the company’s stock valued at $87,801,000 after acquiring an additional 90,222 shares during the period. Quadrature Capital Ltd bought a new position in shares of Cars.com during the fourth quarter valued at $195,000. Park Avenue Securities LLC acquired a new position in shares of Cars.com during the first quarter worth $177,000. Finally, Benjamin Edwards Inc. grew its stake in shares of Cars.com by 46.3% in the first quarter. Benjamin Edwards Inc. now owns 11,102 shares of the company’s stock worth $191,000 after purchasing an additional 3,511 shares during the last quarter. Institutional investors own 89.15% of the company’s stock.

Cars.com Stock Up 3.4 %

Shares of Cars.com stock opened at $15.70 on Friday. The stock’s 50-day moving average is $17.67 and its 200 day moving average is $18.12. Cars.com Inc. has a one year low of $14.82 and a one year high of $21.24. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 10.00 and a beta of 2.11. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.53.

Cars.com (NYSE:CARS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). The business had revenue of $178.89 million for the quarter, compared to the consensus estimate of $181.51 million. Cars.com had a return on equity of 6.70% and a net margin of 3.51%. Equities research analysts anticipate that Cars.com Inc. will post 1.22 EPS for the current year.

Insider Transactions at Cars.com

In related news, CEO Thomas Alex Vetter sold 17,674 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $19.23, for a total value of $339,871.02. Following the completion of the sale, the chief executive officer now directly owns 598,934 shares of the company’s stock, valued at $11,517,500.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.12% of the company’s stock.

Analyst Ratings Changes

CARS has been the subject of several analyst reports. JPMorgan Chase & Co. lowered Cars.com from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $19.00 in a research report on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research note on Friday, August 23rd. B. Riley lowered their price target on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, UBS Group reduced their price objective on shares of Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th.

Cars.com Profile

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.