VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 53,300 Cars.com Inc. $CARS

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cars.com Inc. (NYSE:CARS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 53,300 shares of the company’s stock, valued at approximately $651,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.09% of Cars.com as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Cars.com by 2.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,069 shares of the company’s stock valued at $487,000 after acquiring an additional 794 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Cars.com by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,898 shares of the company’s stock worth $72,000 after purchasing an additional 1,279 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Cars.com by 4.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 34,468 shares of the company’s stock worth $408,000 after purchasing an additional 1,466 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Cars.com by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $83,000 after buying an additional 1,623 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in Cars.com by 6.7% during the 2nd quarter. Inspire Investing LLC now owns 32,569 shares of the company’s stock valued at $386,000 after buying an additional 2,050 shares during the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

Cars.com Price Performance

Cars.com stock opened at $12.04 on Monday. Cars.com Inc. has a 1 year low of $9.56 and a 1 year high of $19.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a 50 day moving average price of $11.85 and a 200 day moving average price of $12.19. The company has a market cap of $720.23 million, a price-to-earnings ratio of 26.18 and a beta of 1.45.

Cars.com (NYSE:CARS) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The company had revenue of $181.57 million during the quarter, compared to analyst estimates of $181.37 million. Cars.com had a net margin of 4.16% and a return on equity of 18.32%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. Sell-side analysts predict that Cars.com Inc. will post 1.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Zacks Research downgraded Cars.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. upped their target price on shares of Cars.com from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. DA Davidson reiterated a “buy” rating and set a $13.50 price target on shares of Cars.com in a report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cars.com in a research note on Thursday, October 30th. Finally, UBS Group lifted their target price on shares of Cars.com from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.70.

Insider Activity

In other news, insider Matthew B. Crawford sold 27,358 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $12.03, for a total value of $329,116.74. Following the transaction, the insider directly owned 71,103 shares in the company, valued at $855,369.09. This trade represents a 27.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sonia Jain sold 11,400 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $13.45, for a total value of $153,330.00. Following the sale, the chief financial officer owned 243,642 shares of the company’s stock, valued at $3,276,984.90. The trade was a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.12% of the company’s stock.

About Cars.com

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.