Cars.com Inc. (NYSE:CARS) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its stake in Cars.com Inc. (NYSE:CARS) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,423 shares of the company’s stock after purchasing an additional 8,237 shares during the period. Wells Fargo & Company MN owned approximately 0.06% of Cars.com worth $683,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Integrated Quantitative Investments LLC purchased a new position in Cars.com during the 4th quarter worth $1,081,000. Villanova Investment Management Co LLC acquired a new position in shares of Cars.com during the fourth quarter worth about $3,890,000. Trexquant Investment LP purchased a new position in Cars.com during the fourth quarter worth about $2,475,000. Arrowstreet Capital Limited Partnership raised its holdings in Cars.com by 609.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 442,889 shares of the company’s stock worth $7,675,000 after purchasing an additional 380,439 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its position in Cars.com by 2.7% in the fourth quarter. Level Four Advisory Services LLC now owns 64,823 shares of the company’s stock valued at $1,123,000 after purchasing an additional 1,700 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CARS. JPMorgan Chase & Co. dropped their target price on Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research report on Tuesday, March 4th. UBS Group decreased their target price on shares of Cars.com from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Finally, DA Davidson cut their price target on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.50.

Cars.com Stock Performance

Shares of CARS stock opened at $11.77 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $747.60 million, a PE ratio of 20.29 and a beta of 1.92. Cars.com Inc. has a 1 year low of $9.87 and a 1 year high of $21.24. The stock has a fifty day moving average price of $11.74 and a 200 day moving average price of $15.61.

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.