Rhumbline Advisers Reduces Holdings in Cars.com Inc. (NYSE:CARS)

Rhumbline Advisers cut its position in shares of Cars.com Inc. (NYSE:CARS) by 4.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,305 shares of the company’s stock after selling 7,995 shares during the quarter. Rhumbline Advisers owned about 0.28% of Cars.com worth $1,998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CARS. Smartleaf Asset Management LLC lifted its holdings in shares of Cars.com by 193.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after purchasing an additional 1,079 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Cars.com by 813.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,109 shares of the company’s stock valued at $37,000 after purchasing an additional 1,878 shares during the last quarter. Quarry LP lifted its stake in shares of Cars.com by 184.5% in the 4th quarter. Quarry LP now owns 3,476 shares of the company’s stock worth $60,000 after purchasing an additional 2,254 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Cars.com in the 4th quarter worth $61,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Cars.com by 41.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock valued at $89,000 after purchasing an additional 1,516 shares in the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

Cars.com Trading Up 1.6%

Shares of NYSE:CARS opened at $10.46 on Tuesday. Cars.com Inc. has a 1 year low of $9.56 and a 1 year high of $21.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. The business’s 50 day moving average price is $10.95 and its 200-day moving average price is $14.05. The firm has a market capitalization of $664.76 million, a price-to-earnings ratio of 18.04 and a beta of 1.83.

Cars.com (NYSE:CARS) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Cars.com had a net margin of 5.46% and a return on equity of 9.99%. The firm had revenue of $179.02 million during the quarter, compared to analyst estimates of $179.82 million. During the same period in the prior year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts forecast that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CARS has been the subject of a number of research reports. Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research note on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price objective on Cars.com from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. DA Davidson cut their target price on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, UBS Group cut their price target on shares of Cars.com from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Cars.com presently has an average rating of “Moderate Buy” and a consensus target price of $18.30.

Insider Buying and Selling

In related news, CEO Thomas Alex Vetter purchased 27,870 shares of the company’s stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $10.75 per share, for a total transaction of $299,602.50. Following the completion of the purchase, the chief executive officer now directly owns 844,897 shares of the company’s stock, valued at approximately $9,082,642.75. This trade represents a 3.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.39% of the stock is owned by insiders.

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.