Texas Permanent School Fund lowered its position in Cars.com Inc. (NYSE:CARS) by 13.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,366 shares of the company’s stock after selling 6,029 shares during the quarter. Texas Permanent School Fund owned 0.06% of Cars.com worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Gabelli Funds LLC acquired a new position in Cars.com in the second quarter valued at $203,000. OppenheimerFunds Inc. purchased a new position in Cars.com in the second quarter valued at about $226,000. GSA Capital Partners LLP purchased a new position in Cars.com in the second quarter valued at about $253,000. Gamco Investors INC. ET AL purchased a new position in Cars.com in the second quarter valued at about $298,000. Finally, LaSalle Street Capital Management LLC purchased a new position in Cars.com in the second quarter valued at about $302,000.
Several research analysts have commented on the company. Barrington Research reissued a “buy” rating on shares of Cars.com in a research report on Monday, November 5th. ValuEngine raised Cars.com from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Zacks Investment Research raised Cars.com from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, Benchmark reissued a “hold” rating on shares of Cars.com in a research report on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $37.13.
Shares of NYSE CARS opened at $25.67 on Friday. Cars.com Inc. has a 1 year low of $22.17 and a 1 year high of $32.94. The stock has a market cap of $1.80 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 2.60 and a beta of 0.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.42 and a current ratio of 1.29.
Cars.com (NYSE:CARS) last announced its earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Cars.com had a return on equity of 7.77% and a net margin of 27.69%. The business had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $168.04 million. During the same period in the previous year, the firm posted $0.48 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that Cars.com Inc. will post 1.99 earnings per share for the current year.
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.
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