Cars.com Inc. (NYSE:CARS) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its position in Cars.com Inc. (NYSE:CARS) by 83.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,600 shares of the company’s stock after selling 96,643 shares during the quarter. Marshall Wace LLP’s holdings in Cars.com were worth $366,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CARS. Headlands Technologies LLC purchased a new stake in shares of Cars.com during the 1st quarter valued at approximately $28,000. CWM LLC lifted its stake in shares of Cars.com by 253.2% in the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after purchasing an additional 1,575 shares during the last quarter. EntryPoint Capital LLC grew its holdings in shares of Cars.com by 23.3% during the 1st quarter. EntryPoint Capital LLC now owns 10,173 shares of the company’s stock worth $175,000 after purchasing an additional 1,922 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Cars.com during the 1st quarter worth about $177,000. Finally, Hancock Whitney Corp purchased a new stake in Cars.com in the 1st quarter valued at about $184,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Price Performance

Shares of NYSE CARS opened at $15.59 on Friday. The stock has a market cap of $1.03 billion, a P/E ratio of 9.90 and a beta of 2.11. Cars.com Inc. has a twelve month low of $14.82 and a twelve month high of $21.24. The stock has a 50 day moving average of $17.38 and a two-hundred day moving average of $18.09. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.95.

Cars.com (NYSE:CARS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.29 earnings per share 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 analyst estimates of $181.51 million. Cars.com had a return on equity of 6.70% and a net margin of 3.51%. On average, research analysts forecast that Cars.com Inc. will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group lowered their target price on shares of Cars.com from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. B. Riley dropped their target price 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. JPMorgan Chase & Co. cut Cars.com from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $19.00 in a research note on Friday, August 9th. Finally, 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.

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.