10,128 Shares in Cars.com Inc. (NYSE:CARS) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new stake in Cars.com Inc. (NYSE:CARS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,128 shares of the company’s stock, valued at approximately $176,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp purchased a new position in shares of Cars.com in the fourth quarter valued at $597,000. PharVision Advisers LLC bought a new stake in Cars.com during the fourth quarter valued at approximately $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Cars.com by 23.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,690 shares of the company’s stock valued at $3,513,000 after purchasing an additional 38,421 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Cars.com during the fourth quarter valued at approximately $1,105,000. Finally, iSAM Funds UK Ltd bought a new stake in Cars.com during the fourth quarter valued at approximately $181,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Stock Performance

Shares of Cars.com stock opened at $10.22 on Wednesday. The stock has a market cap of $649.15 million, a price-to-earnings ratio of 15.03 and a beta of 1.83. The firm’s 50-day moving average is $10.92 and its 200 day moving average is $14.02. 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 1.65 and a quick ratio of 1.65.

Cars.com (NYSE:CARS) last posted its earnings results on Thursday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $179.02 million for the quarter, compared to the consensus estimate of $179.82 million. Cars.com had a net margin of 6.32% and a return on equity of 16.86%. Cars.com’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. Sell-side analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on CARS. DA Davidson decreased their price target on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on shares of 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 restated an “outperform” rating and set a $25.00 target price on shares of Cars.com in a report on Tuesday, March 4th. Finally, UBS Group dropped their target price 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Cars.com has an average rating of “Moderate Buy” and an average price target of $18.30.

Insider Activity

In other news, CEO Thomas Alex Vetter bought 27,870 shares of Cars.com stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average cost of $10.75 per share, with a total value of $299,602.50. Following the acquisition, the chief executive officer now owns 844,897 shares of the company’s stock, valued at $9,082,642.75. The trade was a 3.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.12% of the company’s stock.

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.