Illinois Municipal Retirement Fund Has $694,000 Stake in Cars.com Inc. (NYSE:CARS)

Illinois Municipal Retirement Fund raised its position in shares of Cars.com Inc. (NYSE:CARS) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,596 shares of the company’s stock after buying an additional 955 shares during the period. Illinois Municipal Retirement Fund’s holdings in Cars.com were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Cars.com by 1.3% during the third quarter. Vanguard Group Inc. now owns 7,134,768 shares of the company’s stock worth $120,292,000 after buying an additional 89,194 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Cars.com by 3.0% during the third quarter. American Century Companies Inc. now owns 873,569 shares of the company’s stock worth $14,728,000 after buying an additional 25,382 shares in the last quarter. Boston Partners increased its holdings in shares of Cars.com by 599.5% during the third quarter. Boston Partners now owns 782,912 shares of the company’s stock worth $13,051,000 after buying an additional 670,982 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Cars.com by 19.6% in the third quarter. Nordea Investment Management AB now owns 266,555 shares of the company’s stock valued at $4,507,000 after purchasing an additional 43,667 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in shares of Cars.com by 94.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 252,384 shares of the company’s stock valued at $4,788,000 after purchasing an additional 122,665 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and issued 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Insider Buying and Selling at Cars.com

In other Cars.com news, CEO Thomas Alex Vetter sold 14,999 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 553,886 shares of the company’s stock, valued at $10,523,834. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $33,725.50. Following the transaction, the insider now directly owns 181,596 shares of the company’s stock, valued at $3,359,526. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Alex Vetter sold 14,999 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $19.00, for a total transaction of $284,981.00. Following the completion of the transaction, the chief executive officer now directly owns 553,886 shares in the company, valued at $10,523,834. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,488 shares of company stock valued at $654,361. 1.59% of the stock is currently owned by insiders.

Cars.com Stock Performance

Shares of Cars.com stock opened at $17.00 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $1.13 billion, a P/E ratio of 9.83 and a beta of 2.05. The firm has a 50 day simple moving average of $17.28 and a 200 day simple moving average of $17.83. Cars.com Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $22.84.

Cars.com (NYSE:CARS) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Cars.com had a net margin of 17.19% and a return on equity of 25.78%. The company had revenue of $179.60 million during the quarter, compared to analyst estimates of $178.40 million. During the same period in the prior year, the business earned $0.15 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts predict that Cars.com Inc. will post 0.55 earnings per share for the current fiscal year.

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.