Park Avenue Securities LLC Has $260,000 Stock Position in Cars.com Inc. (NYSE:CARS)

Park Avenue Securities LLC increased its stake in shares of Cars.com Inc. (NYSE:CARS) by 21.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,496 shares of the company’s stock after purchasing an additional 2,694 shares during the period. Park Avenue Securities LLC’s holdings in Cars.com were worth $260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of Cars.com during the 1st quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cars.com in the second quarter valued at approximately $38,000. CWM LLC raised its holdings in Cars.com by 253.2% in 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 period. EntryPoint Capital LLC grew its holdings in shares of Cars.com by 23.3% in the 1st 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 period. Finally, Point72 DIFC Ltd bought a new stake in shares of Cars.com in the 2nd quarter valued at $180,000. Institutional investors own 89.15% of the company’s stock.

Cars.com Trading Up 0.4 %

NYSE:CARS opened at $15.65 on Monday. The company has a market cap of $1.03 billion, a P/E ratio of 9.97 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 business has a 50 day moving average price of $17.22 and a two-hundred day moving average price of $18.08. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.95.

Cars.com (NYSE:CARS) last released its 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). Cars.com had a net margin of 3.51% and a return on equity of 6.70%. The business had revenue of $178.89 million during the quarter, compared to the consensus estimate of $181.51 million. As a group, analysts expect that Cars.com Inc. will post 1.22 EPS for the current fiscal year.

Analyst Ratings Changes

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