Smartleaf Asset Management LLC Buys 1,079 Shares of Cars.com Inc. (NYSE:CARS)

Smartleaf Asset Management LLC grew its stake in shares of Cars.com Inc. (NYSE:CARS) by 193.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,638 shares of the company’s stock after buying an additional 1,079 shares during the period. Smartleaf Asset Management LLC’s holdings in Cars.com were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CARS. Nordea Investment Management AB increased its position in Cars.com by 35.9% in the fourth quarter. Nordea Investment Management AB now owns 280,475 shares of the company’s stock worth $4,939,000 after purchasing an additional 74,133 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Cars.com in the third quarter worth $1,222,000. Victory Capital Management Inc. increased its position in Cars.com by 130.9% in the third quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock worth $777,000 after purchasing an additional 26,276 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Cars.com by 60.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company’s stock worth $316,000 after purchasing an additional 6,855 shares during the last quarter. Finally, FMR LLC boosted its stake in Cars.com by 1.7% during the third quarter. FMR LLC now owns 9,902,561 shares of the company’s stock worth $165,967,000 after buying an additional 162,692 shares during the period. Institutional investors own 89.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CARS. JPMorgan Chase & Co. dropped their price objective on shares of Cars.com from $21.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a research note on Tuesday, March 4th. Finally, DA Davidson dropped their price objective on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Cars.com Stock Down 1.6 %

Shares of CARS opened at $11.62 on Thursday. The firm has a market capitalization of $742.03 million, a P/E ratio of 20.04 and a beta of 2.16. Cars.com Inc. has a 12-month low of $11.01 and a 12-month high of $21.24. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm has a fifty day moving average price of $16.26 and a 200-day moving average price of $17.08.

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.