Cars.com Inc. (NYSE:CARS) was the target of unusually large options trading on Tuesday. Investors acquired 3,044 put options on the stock. This represents an increase of 932% compared to the average daily volume of 295 put options.
Several research firms have commented on CARS. B. Riley began coverage on Cars.com in a research report on Monday, October 2nd. They issued a “buy” rating and a $36.00 target price for the company. Zacks Investment Research cut Cars.com from a “hold” rating to a “strong sell” rating in a research note on Monday, November 13th. Finally, Barrington Research increased their price target on Cars.com from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, November 6th.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Cars.com during the second quarter worth approximately $213,818,000. Vanguard Group Inc. acquired a new stake in Cars.com during the second quarter worth approximately $167,497,000. Artisan Partners Limited Partnership acquired a new stake in Cars.com during the second quarter worth approximately $120,572,000. New South Capital Management Inc. acquired a new stake in Cars.com during the second quarter worth approximately $77,402,000. Finally, Fairpointe Capital LLC acquired a new stake in Cars.com during the second quarter worth approximately $72,843,000.
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Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
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