American Century Companies Inc. Buys 2,902 Shares of Cars.com Inc. (NYSE:CARS)

American Century Companies Inc. raised its stake in Cars.com Inc. (NYSE:CARS) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,264,660 shares of the company’s stock after acquiring an additional 2,902 shares during the quarter. American Century Companies Inc. owned about 1.95% of Cars.com worth $21,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock worth $29,000 after purchasing an additional 1,079 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Cars.com by 145.2% during the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after buying an additional 1,864 shares during the last quarter. KBC Group NV lifted 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 buying an additional 1,575 shares during the period. Parkside Financial Bank & Trust boosted its stake 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 acquiring an additional 1,516 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in Cars.com by 22.1% during the 4th quarter. Principal Securities Inc. now owns 8,786 shares of the company’s stock worth $152,000 after acquiring an additional 1,592 shares during the period. 89.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cars.com Trading Down 3.9 %

Shares of NYSE:CARS opened at $11.30 on Monday. The firm has a market cap of $721.41 million, a price-to-earnings ratio of 19.48 and a beta of 2.16. Cars.com Inc. has a 12 month low of $10.80 and a 12 month high of $21.24. The company’s fifty day simple moving average is $14.93 and its 200 day simple moving average is $16.57. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.

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.