Amundi Grows Stock Holdings in Cars.com Inc. (NYSE:CARS)

Amundi lifted its stake in Cars.com Inc. (NYSE:CARS) by 164.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,353 shares of the company’s stock after purchasing an additional 18,240 shares during the period. Amundi’s holdings in Cars.com were worth $495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in Cars.com by 8.0% in the third quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company’s stock valued at $244,000 after purchasing an additional 1,075 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Cars.com by 193.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after purchasing an additional 1,079 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Cars.com by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock valued at $89,000 after purchasing an additional 1,516 shares during the period. KBC Group NV boosted its holdings in Cars.com by 68.2% in the fourth quarter. KBC Group NV now owns 3,885 shares of the company’s stock valued at $67,000 after purchasing an additional 1,575 shares during the period. Finally, Principal Securities Inc. raised its stake in Cars.com by 22.1% in the fourth quarter. Principal Securities Inc. now owns 8,786 shares of the company’s stock valued at $152,000 after buying an additional 1,592 shares in the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Cars.com Trading Down 0.7 %

NYSE:CARS opened at $11.41 on Friday. Cars.com Inc. has a 1 year low of $10.80 and a 1 year high of $21.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $728.18 million, a P/E ratio of 19.66 and a beta of 2.16. The stock has a 50-day simple moving average of $15.58 and a 200-day simple moving average of $16.81.

Analyst Ratings Changes

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

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.