Inspire Investing LLC Purchases 6,809 Shares of Cars.com Inc. (NYSE:CARS)

Inspire Investing LLC boosted its position in shares of Cars.com Inc. (NYSE:CARS) by 38.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,474 shares of the company’s stock after purchasing an additional 6,809 shares during the period. Inspire Investing LLC’s holdings in Cars.com were worth $410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of Cars.com in the 1st quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cars.com in the second quarter worth $38,000. CWM LLC grew its holdings in shares of Cars.com by 253.2% during the second quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after purchasing an additional 1,575 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Cars.com in the second quarter valued at $180,000. Finally, EntryPoint Capital LLC raised its holdings in shares of Cars.com by 23.3% in the first quarter. EntryPoint Capital LLC now owns 10,173 shares of the company’s stock valued at $175,000 after buying an additional 1,922 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CARS. JPMorgan Chase & Co. cut shares of Cars.com from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $19.00 in a research report on Friday, August 9th. B. Riley dropped their price objective on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, August 9th. UBS Group decreased their price objective on Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Barrington Research restated an “outperform” rating and set a $25.00 target price on shares of Cars.com in a research report on Friday, August 23rd.

Cars.com Trading Up 0.2 %

Shares of NYSE CARS opened at $16.00 on Friday. Cars.com Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $21.24. The firm has a market capitalization of $1.06 billion, a P/E ratio of 10.19 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. The company’s 50 day simple moving average is $17.07 and its 200 day simple moving average is $18.03.

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 the consensus estimate of $0.35 by ($0.06). The company had revenue of $178.89 million during 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%. On average, analysts predict that Cars.com Inc. will post 1.22 EPS for the current year.

Cars.com Company 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.