Parkside Financial Bank & Trust Grows Stock Holdings in Cars.com Inc. (NYSE:CARS)

Parkside Financial Bank & Trust raised its position in Cars.com Inc. (NYSE:CARS) by 103.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,073 shares of the company’s stock after purchasing an additional 1,056 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Cars.com were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CARS. Boston Partners increased its position in shares of Cars.com by 599.5% in the third quarter. Boston Partners now owns 782,912 shares of the company’s stock valued at $13,051,000 after acquiring an additional 670,982 shares during the period. Knights of Columbus Asset Advisors LLC increased its position in shares of Cars.com by 94.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 252,384 shares of the company’s stock valued at $4,788,000 after acquiring an additional 122,665 shares during the period. Vanguard Group Inc. increased its position in shares of Cars.com by 1.3% in the third quarter. Vanguard Group Inc. now owns 7,134,768 shares of the company’s stock valued at $120,292,000 after acquiring an additional 89,194 shares during the period. Capula Management Ltd bought a new stake in shares of Cars.com during the 3rd quarter valued at about $794,000. Finally, Assetmark Inc. bought a new stake in shares of Cars.com during the 3rd quarter valued at about $763,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Price Performance

Shares of CARS opened at $17.02 on Friday. Cars.com Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $22.84. The firm’s 50-day simple moving average is $17.31 and its two-hundred day simple moving average is $17.81. The stock has a market cap of $1.13 billion, a PE ratio of 9.84 and a beta of 2.05. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.22 and a current ratio of 1.22.

Cars.com (NYSE:CARS) last announced its earnings results on Thursday, February 22nd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Cars.com had a net margin of 17.19% and a return on equity of 25.78%. The business had revenue of $179.60 million for the quarter, compared to the consensus estimate of $178.40 million. During the same period in the prior year, the business posted $0.15 EPS. Cars.com’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts anticipate that Cars.com Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Cars.com

In other Cars.com news, insider Douglas Neal Miller sold 1,823 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total transaction of $33,725.50. Following the completion of the transaction, the insider now owns 181,596 shares of the company’s stock, valued at $3,359,526. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Thomas Alex Vetter sold 17,666 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.00, for a total transaction of $335,654.00. Following the completion of the sale, the chief executive officer now owns 568,885 shares of the company’s stock, valued at $10,808,815. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas Neal Miller sold 1,823 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total transaction of $33,725.50. Following the sale, the insider now directly owns 181,596 shares of the company’s stock, valued at approximately $3,359,526. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,488 shares of company stock valued at $654,361. Corporate insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Cars.com in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Cars.com has an average rating of “Moderate Buy” and an average price target of $24.00.

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.