122,940 Shares in Cars.com Inc. $CARS Acquired by Globeflex Capital L P

Globeflex Capital L P purchased a new position in shares of Cars.com Inc. (NYSE:CARS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 122,940 shares of the company’s stock, valued at approximately $1,345,000. Globeflex Capital L P owned 0.23% of Cars.com at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pale Fire Capital SE increased its stake in shares of Cars.com by 498.1% in the first quarter. Pale Fire Capital SE now owns 3,956,618 shares of the company’s stock worth $32,128,000 after buying an additional 3,295,117 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Cars.com by 8.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,401,523 shares of the company’s stock worth $27,620,000 after acquiring an additional 262,443 shares in the last quarter. Par Capital Management Inc. grew its holdings in Cars.com by 31.0% during the 4th quarter. Par Capital Management Inc. now owns 2,697,648 shares of the company’s stock worth $32,911,000 after acquiring an additional 639,000 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Cars.com by 112.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,127,095 shares of the company’s stock worth $13,751,000 after purchasing an additional 595,609 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Cars.com by 23.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,057,322 shares of the company’s stock worth $12,920,000 after purchasing an additional 198,077 shares during the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

Insider Activity at Cars.com

In related news, Director Jr. Donald A. Mcgovern sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $12.25, for a total value of $98,000.00. Following the sale, the director directly owned 102,900 shares in the company, valued at $1,260,525. This trade represents a 7.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angelique Strong Marks sold 57,980 shares of Cars.com stock in a transaction on Monday, August 17th. The shares were sold at an average price of $11.94, for a total value of $692,281.20. Following the sale, the insider directly owned 149,636 shares in the company, valued at $1,786,653.84. The trade was a 27.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 152,580 shares of company stock worth $1,615,796 in the last three months. 3.36% of the stock is owned by company insiders.

Cars.com Stock Performance

CARS stock opened at $12.35 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market capitalization of $660.93 million, a price-to-earnings ratio of 21.66 and a beta of 1.60. Cars.com Inc. has a 1 year low of $7.40 and a 1 year high of $13.97. The stock’s fifty day moving average is $11.49 and its two-hundred day moving average is $10.35.

Cars.com (NYSE:CARS) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. Cars.com had a net margin of 4.73% and a return on equity of 18.82%. The business had revenue of $179.93 million for the quarter, compared to analysts’ expectations of $180.53 million. During the same quarter last year, the company earned $0.41 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts predict that Cars.com Inc. will post 1.61 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on CARS. Weiss Ratings upgraded Cars.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. UBS Group upped their price target on Cars.com from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. BTIG Research restated a “buy” rating and set a $14.00 price objective on shares of Cars.com in a research note on Thursday, August 6th. Zacks Research raised shares of Cars.com from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.83.

Cars.com Company 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.