SG Americas Securities LLC Raises Stock Position in Cars.com Inc. $CARS

SG Americas Securities LLC lifted its holdings in Cars.com Inc. (NYSE:CARS) by 60.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 327,780 shares of the company’s stock after buying an additional 123,504 shares during the period. SG Americas Securities LLC owned about 0.55% of Cars.com worth $3,999,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Cars.com by 27.7% during the third quarter. GAMMA Investing LLC now owns 5,898 shares of the company’s stock worth $72,000 after acquiring an additional 1,279 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Cars.com by 30.0% in the 2nd 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 last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Cars.com by 436.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after purchasing an additional 6,475 shares during the last quarter. Virtus Advisers LLC bought a new position in shares of Cars.com during the 3rd quarter valued at approximately $100,000. Finally, State of Wyoming bought a new position in shares of Cars.com during the 2nd quarter valued at approximately $115,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CARS shares. UBS Group increased their price target on Cars.com from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Zacks Research lowered shares of Cars.com from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. BTIG Research reduced their target price on shares of Cars.com from $17.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $10.00 price target (down from $16.00) on shares of Cars.com in a research note on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.08.

Cars.com Price Performance

Cars.com stock opened at $8.32 on Friday. The stock has a market cap of $487.59 million, a price-to-earnings ratio of 25.99 and a beta of 1.46. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.87 and a quick ratio of 1.87. Cars.com Inc. has a 1 year low of $7.40 and a 1 year high of $13.97. The firm has a 50-day moving average of $9.61 and a two-hundred day moving average of $11.09.

Cars.com (NYSE:CARS) last issued its earnings results on Thursday, February 26th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.12). The company had revenue of $183.90 million for the quarter, compared to analysts’ expectations of $183.44 million. Cars.com had a return on equity of 17.31% and a net margin of 2.77%.The business’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. On average, research analysts forecast that Cars.com Inc. will post 1.19 earnings per share for the current year.

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.