Natixis Advisors LLC Makes New Investment in Cars.com Inc. (NYSE:CARS)

Natixis Advisors LLC purchased a new position in Cars.com Inc. (NYSE:CARS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,119 shares of the company’s stock, valued at approximately $262,000.

A number of other hedge funds also recently modified their holdings of CARS. BNP Paribas Financial Markets increased its stake in Cars.com by 8.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company’s stock worth $244,000 after purchasing an additional 1,075 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Cars.com by 193.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock worth $29,000 after acquiring an additional 1,079 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Cars.com by 41.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock worth $89,000 after acquiring an additional 1,516 shares during the period. KBC Group NV lifted its position in Cars.com by 68.2% in the 4th quarter. KBC Group NV now owns 3,885 shares of the company’s stock valued at $67,000 after acquiring an additional 1,575 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in Cars.com by 22.1% in the 4th quarter. Principal Securities Inc. now owns 8,786 shares of the company’s stock worth $152,000 after purchasing an additional 1,592 shares during the period. Institutional investors and hedge funds own 89.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CARS shares. JPMorgan Chase & Co. cut their price target on Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday. DA Davidson dropped their target price on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cars.com has a consensus rating of “Moderate Buy” and a consensus price target of $19.90.

Cars.com Stock Performance

CARS opened at $11.30 on Friday. The business’s 50-day simple moving average is $14.93 and its 200 day simple moving average is $16.58. Cars.com Inc. has a 52-week low of $10.80 and a 52-week 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 firm has a market capitalization of $721.41 million, a PE ratio of 19.48 and a beta of 2.16.

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.