Cars.com Inc. (NYSE:CARS) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Cars.com Inc. (NYSE:CARSFree Report) by 1.3% in the 3rd quarter, Holdings Channel reports. The firm owned 7,134,768 shares of the company’s stock after acquiring an additional 89,194 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Cars.com worth $120,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Sei Investments Co. grew its holdings in Cars.com by 0.7% in the 3rd quarter. Sei Investments Co. now owns 78,172 shares of the company’s stock worth $1,318,000 after buying an additional 514 shares in the last quarter. Royal Bank of Canada grew its holdings in Cars.com by 14.4% in the 2nd quarter. Royal Bank of Canada now owns 5,713 shares of the company’s stock worth $113,000 after buying an additional 721 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cars.com by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,074 shares of the company’s stock worth $743,000 after buying an additional 733 shares in the last quarter. Legal & General Group Plc grew its holdings in Cars.com by 0.6% in the 4th quarter. Legal & General Group Plc now owns 155,252 shares of the company’s stock worth $2,138,000 after buying an additional 984 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Cars.com by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 77,995 shares of the company’s stock worth $897,000 after buying an additional 1,065 shares in the last quarter. 89.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Cars.com

Insider Buying and Selling at Cars.com

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

Cars.com Stock Performance

Shares of NYSE CARS opened at $17.08 on Thursday. The stock has a fifty day moving average price of $17.89 and a two-hundred day moving average price of $17.86. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $1.12 billion, a P/E ratio of 9.87 and a beta of 2.05. Cars.com Inc. has a 1 year low of $14.82 and a 1 year high of $22.84.

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

Cars.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cars.com (NYSE:CARS)

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