Nisa Investment Advisors LLC Grows Position in Cars.com Inc. (NYSE:CARS)

Nisa Investment Advisors LLC raised its position in shares of Cars.com Inc. (NYSE:CARS) by 16.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,556 shares of the company’s stock after purchasing an additional 3,400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cars.com were worth $447,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in Cars.com by 230.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,615 shares of the company’s stock valued at $31,000 after buying an additional 1,126 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Cars.com by 118.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,652 shares of the company’s stock valued at $31,000 after buying an additional 896 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in Cars.com during the 4th quarter valued at approximately $33,000. State of Wyoming purchased a new position in Cars.com during the 2nd quarter valued at approximately $86,000. Finally, Captrust Financial Advisors grew its holdings in Cars.com by 117.4% during the 2nd quarter. Captrust Financial Advisors now owns 5,392 shares of the company’s stock valued at $51,000 after buying an additional 2,912 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Price Performance

Shares of Cars.com stock opened at $16.16 on Thursday. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 9.34 and a beta of 2.05. 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 stock has a 50 day moving average price of $17.61 and a 200-day moving average price of $17.83. Cars.com Inc. has a one year low of $14.82 and a one year high of $22.84.

Cars.com (NYSE:CARS) last announced its earnings results on Thursday, February 22nd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The company had revenue of $179.60 million during the quarter, compared to analysts’ expectations of $178.40 million. Cars.com had a return on equity of 25.78% and a net margin of 17.19%. Cars.com’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. Equities analysts expect that Cars.com Inc. will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, insider Douglas Neal Miller sold 1,823 shares of the firm’s stock in a transaction that occurred 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 directly owns 181,596 shares of the company’s stock, valued at approximately $3,359,526. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Thomas Alex Vetter sold 14,999 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $19.00, for a total transaction of $284,981.00. Following the completion of the sale, the chief executive officer now directly owns 553,886 shares of the company’s stock, valued at approximately $10,523,834. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas Neal Miller sold 1,823 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $18.50, for a total value of $33,725.50. Following the sale, the insider now directly owns 181,596 shares of the company’s stock, valued at $3,359,526. The disclosure for this sale can be found here. In the last three months, insiders sold 34,488 shares of company stock valued at $654,361. Insiders own 1.59% of the company’s stock.

Cars.com Company Profile

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.