AXQ Capital LP Makes New $254,000 Investment in Cars.com Inc. $CARS

AXQ Capital LP bought a new stake in Cars.com Inc. (NYSE:CARS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,461 shares of the company’s stock, valued at approximately $254,000.

A number of other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB lifted its stake in Cars.com by 33.7% in the second quarter. Nordea Investment Management AB now owns 557,299 shares of the company’s stock valued at $6,626,000 after buying an additional 140,493 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Cars.com by 59.2% during the first quarter. Mackenzie Financial Corp now owns 54,798 shares of the company’s stock worth $618,000 after acquiring an additional 20,376 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in shares of Cars.com by 10.9% in the 2nd quarter. Peregrine Capital Management LLC now owns 321,989 shares of the company’s stock valued at $3,816,000 after acquiring an additional 31,548 shares during the period. Cubist Systematic Strategies LLC raised its position in Cars.com by 71.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 102,416 shares of the company’s stock valued at $1,154,000 after purchasing an additional 42,641 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Cars.com by 157.7% during the 1st quarter. Victory Capital Management Inc. now owns 151,603 shares of the company’s stock worth $1,709,000 after purchasing an additional 92,780 shares during the period. 89.15% of the stock is owned by institutional investors and hedge funds.

Cars.com Stock Up 0.0%

CARS opened at $11.49 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.82 and a quick ratio of 1.82. Cars.com Inc. has a 12 month low of $9.56 and a 12 month high of $20.47. The stock has a market capitalization of $686.95 million, a P/E ratio of 18.52 and a beta of 1.74. The business has a 50 day simple moving average of $11.45 and a 200-day simple moving average of $11.80.

Cars.com (NYSE:CARS) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). Cars.com had a return on equity of 17.43% and a net margin of 5.71%.The business had revenue of $181.57 million during the quarter, compared to analysts’ expectations of $181.37 million. During the same quarter in the previous year, the company posted $0.41 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on CARS. Zacks Research lowered shares of Cars.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cars.com in a report on Thursday, October 30th. Barrington Research restated an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research report on Monday, November 3rd. B. Riley reaffirmed a “buy” rating and set a $22.00 price objective (up from $21.00) on shares of Cars.com in a research report on Friday, August 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $13.50 target price on shares of Cars.com in a research note on Tuesday, November 18th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Cars.com presently has a consensus rating of “Moderate Buy” and an average target price of $17.70.

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.