Pale Fire Capital SE Has $43.85 Million Stake in Cars.com Inc. $CARS

Pale Fire Capital SE lifted its stake in shares of Cars.com Inc. (NYSE:CARS) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,008,218 shares of the company’s stock after buying an additional 51,600 shares during the quarter. Cars.com comprises approximately 1.2% of Pale Fire Capital SE’s investment portfolio, making the stock its 10th largest holding. Pale Fire Capital SE owned about 7.49% of Cars.com worth $43,850,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in Cars.com in the second quarter worth $26,000. BNP Paribas Financial Markets raised its holdings in shares of Cars.com by 30.0% during the second quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $83,000 after purchasing an additional 1,623 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Cars.com by 436.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock worth $94,000 after purchasing an additional 6,475 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of Cars.com during the 3rd quarter worth about $100,000. Finally, State of Wyoming acquired a new stake in shares of Cars.com in the 2nd quarter valued at about $115,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

Cars.com Stock Up 3.6%

CARS stock opened at $12.01 on Thursday. The stock has a market cap of $642.79 million, a P/E ratio of 21.07 and a beta of 1.59. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. The stock’s fifty day simple moving average is $11.75 and its two-hundred day simple moving average is $10.39. Cars.com Inc. has a 1-year low of $7.40 and a 1-year high of $13.97.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. BTIG Research restated a “buy” rating and set a $14.00 price objective on shares of Cars.com in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. B. Riley Financial lowered Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a report on Friday, May 8th. UBS Group upped their price target on Cars.com from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Weiss Ratings raised Cars.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.83.

Insiders Place Their Bets

In other news, insider Angelique Strong Marks sold 57,980 shares of the company’s 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 transaction, the insider owned 149,636 shares of the company’s stock, valued at approximately $1,786,653.84. This represents a 27.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sonia Jain sold 52,579 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $9.56, for a total value of $502,655.24. Following the completion of the transaction, the chief financial officer directly owned 346,854 shares in the company, valued at approximately $3,315,924.24. This represents a 13.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 152,580 shares of company stock worth $1,615,796 over the last quarter. 3.36% of the stock is currently owned by company insiders.

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.