Arrowstreet Capital Limited Partnership Has $10.18 Million Stock Holdings in Cars.com Inc. $CARS

Arrowstreet Capital Limited Partnership raised its stake in Cars.com Inc. (NYSE:CARS) by 89.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859,245 shares of the company’s stock after buying an additional 404,603 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Cars.com were worth $10,182,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CWM LLC lifted its stake in shares of Cars.com by 119.9% in the 2nd quarter. CWM LLC now owns 4,227 shares of the company’s stock valued at $50,000 after acquiring an additional 2,305 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Cars.com by 22.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,425 shares of the company’s stock valued at $61,000 after purchasing an additional 1,010 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Cars.com during the second quarter valued at about $136,000. One Wealth Advisors LLC acquired a new stake in shares of Cars.com during the second quarter valued at about $144,000. Finally, Quadrature Capital Ltd bought a new position in Cars.com in the 2nd quarter valued at approximately $149,000. Institutional investors own 89.15% of the company’s stock.

Insider Activity at Cars.com

In related news, insider Matthew B. Crawford sold 27,358 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $12.03, for a total transaction of $329,116.74. Following the completion of the sale, the insider owned 71,103 shares of the company’s stock, valued at $855,369.09. This trade represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.12% of the stock is currently owned by insiders.

Cars.com Price Performance

Shares of NYSE CARS opened at $12.27 on Wednesday. The company has a market capitalization of $733.67 million, a PE ratio of 26.67 and a beta of 1.45. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.94. Cars.com Inc. has a twelve month low of $9.56 and a twelve month high of $19.51. The firm has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $11.90.

Cars.com (NYSE:CARS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). Cars.com had a net margin of 4.16% and a return on equity of 18.32%. The firm had revenue of $181.57 million for the quarter, compared to the consensus estimate of $181.37 million. During the same period last year, the company posted $0.41 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that Cars.com Inc. will post 1.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CARS. DA Davidson restated a “buy” rating and issued a $13.50 price target on shares of Cars.com in a research report on Tuesday, November 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Cars.com in a report on Thursday, October 30th. Barrington Research restated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a report on Monday, November 3rd. Wall Street Zen raised Cars.com from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, JPMorgan Chase & Co. upped their price target on Cars.com from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Cars.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.70.

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.