Boston Partners Sells 30,256 Shares of Cars.com Inc. $CARS

Boston Partners reduced its stake in Cars.com Inc. (NYSE:CARS) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,029,119 shares of the company’s stock after selling 30,256 shares during the quarter. Boston Partners owned about 1.62% of Cars.com worth $12,196,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CARS. CWM LLC grew its position in shares of Cars.com by 119.9% in the second quarter. CWM LLC now owns 4,227 shares of the company’s stock valued at $50,000 after purchasing an additional 2,305 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Cars.com by 22.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,425 shares of the company’s stock valued at $61,000 after purchasing an additional 1,010 shares during the period. MQS Management LLC acquired a new position in Cars.com in the 2nd quarter valued at $136,000. One Wealth Advisors LLC acquired a new position in Cars.com in the 2nd quarter valued at $144,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Cars.com by 19.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,787 shares of the company’s stock worth $200,000 after buying an additional 2,922 shares during the period. Institutional investors own 89.15% of the company’s stock.

Cars.com Stock Performance

NYSE:CARS opened at $11.59 on Friday. The stock’s 50-day simple moving average is $11.31 and its 200 day simple moving average is $11.82. The firm has a market capitalization of $693.23 million, a PE ratio of 18.69 and a beta of 1.74. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.94. Cars.com Inc. has a twelve month low of $9.56 and a twelve month high of $20.47.

Cars.com (NYSE:CARS) last issued its earnings results on Thursday, November 6th. The company reported $0.48 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 for the quarter, compared to analyst estimates of $181.37 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on CARS. UBS Group upped their price target on shares of Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. B. Riley restated a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of Cars.com in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Cars.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. DA Davidson reissued a “buy” rating and set a $13.50 price target on shares of Cars.com in a research report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. raised their price objective on Cars.com from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, 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.