XTX Topco Ltd Purchases Shares of 10,530 Cars.com Inc. (NYSE:CARS)

XTX Topco Ltd acquired a new position in Cars.com Inc. (NYSE:CARS) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,530 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Cars.com in the first quarter worth $28,000. CWM LLC raised its position in Cars.com by 253.2% in the second quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after purchasing an additional 1,575 shares during the period. EntryPoint Capital LLC raised its position in Cars.com by 23.3% in the first quarter. EntryPoint Capital LLC now owns 10,173 shares of the company’s stock valued at $175,000 after purchasing an additional 1,922 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Cars.com during the first quarter worth about $177,000. Finally, Hancock Whitney Corp purchased a new stake in shares of Cars.com in the first quarter worth about $184,000. 89.15% of the stock is owned by institutional investors and hedge funds.

Cars.com Stock Performance

Cars.com stock opened at $16.72 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $17.99 and a 200-day moving average of $18.16. The stock has a market cap of $1.11 billion, a P/E ratio of 10.65 and a beta of 2.11. Cars.com Inc. has a 52 week low of $14.82 and a 52 week high of $21.24.

Cars.com (NYSE:CARS) last released its earnings results on Thursday, August 8th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Cars.com had a return on equity of 6.70% and a net margin of 3.51%. The company had revenue of $178.89 million during the quarter, compared to the consensus estimate of $181.51 million. On average, analysts expect that Cars.com Inc. will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling at Cars.com

In other news, CEO Thomas Alex Vetter sold 17,674 shares of Cars.com stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $19.23, for a total value of $339,871.02. Following the completion of the transaction, the chief executive officer now owns 598,934 shares in the company, valued at approximately $11,517,500.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. UBS Group reduced their price target on Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. B. Riley decreased their target price on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Cars.com in a report on Friday, August 23rd. Finally, JPMorgan Chase & Co. lowered shares of Cars.com from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $25.00 to $19.00 in a report on Friday, August 9th.

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.