Strs Ohio Lowers Stake in Cars.com Inc. (NYSE:CARS)

Strs Ohio reduced its holdings in shares of Cars.com Inc. (NYSE:CARS) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,900 shares of the company’s stock after selling 19,900 shares during the period. Strs Ohio’s holdings in Cars.com were worth $377,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CARS. SG Americas Securities LLC bought a new stake in Cars.com during the 3rd quarter valued at about $330,000. New York State Teachers Retirement System lifted its holdings in Cars.com by 36.7% during the third quarter. New York State Teachers Retirement System now owns 26,383 shares of the company’s stock valued at $445,000 after purchasing an additional 7,090 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cars.com by 55.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,164 shares of the company’s stock worth $323,000 after acquiring an additional 6,808 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cars.com by 1.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,074 shares of the company’s stock worth $743,000 after acquiring an additional 733 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in Cars.com by 15.4% during the third quarter. Inspire Investing LLC now owns 18,299 shares of the company’s stock valued at $309,000 after purchasing an additional 2,442 shares during the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Cars.com Trading Up 0.8 %

NYSE CARS opened at $17.02 on Monday. 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 company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.84 and a beta of 2.05. The company’s 50-day simple moving average is $17.31 and its two-hundred day simple moving average is $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 released 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 analyst estimates of $178.40 million. Cars.com had a return on equity of 25.78% and a net margin of 17.19%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $0.15 earnings per share. Equities analysts forecast that Cars.com Inc. will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

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

About Cars.com

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.