Cars.com Inc. $CARS Shares Sold by UBS Group AG

UBS Group AG lowered its position in shares of Cars.com Inc. (NYSE:CARS) by 15.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 289,462 shares of the company’s stock after selling 53,638 shares during the quarter. UBS Group AG’s holdings in Cars.com were worth $3,531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Villanova Investment Management Co LLC lifted its position in Cars.com by 36.7% during the 3rd quarter. Villanova Investment Management Co LLC now owns 367,070 shares of the company’s stock worth $4,486,000 after acquiring an additional 98,559 shares during the period. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Cars.com in the 3rd quarter valued at $1,673,000. JPMorgan Chase & Co. boosted its holdings in shares of Cars.com by 143.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 531,486 shares of the company’s stock valued at $6,495,000 after acquiring an additional 313,128 shares during the last quarter. Hill Path Capital LP boosted its holdings in shares of Cars.com by 23.2% in the 3rd quarter. Hill Path Capital LP now owns 2,481,032 shares of the company’s stock valued at $30,318,000 after acquiring an additional 468,000 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Cars.com by 487.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,315 shares of the company’s stock valued at $1,953,000 after acquiring an additional 133,002 shares during the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

Analysts Set New Price Targets

CARS has been the topic of several recent research reports. B. Riley Financial downgraded shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a report on Friday, May 8th. Weiss Ratings downgraded shares of Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 1st. JPMorgan Chase & Co. upped their price objective on shares of Cars.com from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Zacks Research raised shares of Cars.com from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, UBS Group boosted their price objective on Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cars.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.67.

Cars.com Stock Performance

Shares of CARS stock opened at $9.66 on Monday. The stock has a market cap of $540.22 million, a PE ratio of 22.47 and a beta of 1.64. The business has a 50-day simple moving average of $9.62 and a 200-day simple moving average of $10.78. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.98. Cars.com Inc. has a 52-week low of $7.40 and a 52-week high of $13.97.

Cars.com (NYSE:CARS) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). The company had revenue of $180.22 million during the quarter, compared to analyst estimates of $180.16 million. Cars.com had a net margin of 3.73% and a return on equity of 18.12%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. On average, equities analysts expect that Cars.com Inc. will post 1.83 EPS for the current year.

Cars.com Profile

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.