Sapience Investments LLC increased its position in shares of Cars.com Inc (NYSE:CARS) by 32.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 519,420 shares of the company’s stock after buying an additional 127,240 shares during the quarter. Cars.com accounts for 2.0% of Sapience Investments LLC’s portfolio, making the stock its 14th biggest holding. Sapience Investments LLC owned approximately 0.73% of Cars.com worth $14,980,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in CARS. Catalus Capital Management LLC acquired a new stake in Cars.com during the fourth quarter worth about $192,402,000. Investec Asset Management LTD lifted its stake in Cars.com by 300.6% during the fourth quarter. Investec Asset Management LTD now owns 3,431,613 shares of the company’s stock worth $98,968,000 after purchasing an additional 2,575,002 shares during the period. Evercore Trust Company N.A. bought a new position in Cars.com during the third quarter worth about $59,099,000. Jackson Square Partners LLC bought a new position in Cars.com during the third quarter worth about $53,311,000. Finally, Ruane Cunniff & Goldfarb Inc. bought a new position in Cars.com during the third quarter worth about $16,259,000.
Cars.com Inc (CARS) opened at $29.78 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.58 and a quick ratio of 1.58. Cars.com Inc has a one year low of $19.90 and a one year high of $32.28.
A number of research analysts have commented on CARS shares. B. Riley restated a “buy” rating and set a $32.00 price target on shares of Cars.com in a research note on Tuesday, December 19th. Zacks Investment Research cut shares of Cars.com from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. Barrington Research restated a “buy” rating and set a $42.50 price target on shares of Cars.com in a research note on Sunday, February 18th. Finally, ValuEngine upgraded shares of Cars.com from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Cars.com currently has an average rating of “Buy” and a consensus target price of $34.88.
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Cars.com Company Profile
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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