American Century Companies Inc. Purchases 138,229 Shares of Cars.com Inc. $CARS

American Century Companies Inc. raised its position in shares of Cars.com Inc. (NYSE:CARS) by 13.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,203,622 shares of the company’s stock after buying an additional 138,229 shares during the quarter. American Century Companies Inc. owned about 1.96% of Cars.com worth $14,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Cars.com by 27.7% in 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. BNP Paribas Financial Markets increased its position in Cars.com by 30.0% during 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. Tower Research Capital LLC TRC increased its position in Cars.com by 436.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after buying an additional 6,475 shares in the last quarter. State of Wyoming purchased a new position in Cars.com during the second quarter valued at $115,000. Finally, AXA S.A. bought a new stake in Cars.com in the second quarter worth $126,000. 89.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Cars.com in a research note on Tuesday, January 27th. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a report on Friday, February 27th. BTIG Research cut their price target on shares of Cars.com from $17.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. 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. restated a “neutral” rating and issued a $10.00 price objective (down from $16.00) on shares of Cars.com in a report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.08.

Insider Buying and Selling

In related news, CFO Sonia Jain sold 11,400 shares of Cars.com stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $13.45, for a total transaction of $153,330.00. Following the transaction, the chief financial officer directly owned 243,642 shares in the company, valued at approximately $3,276,984.90. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.12% of the company’s stock.

Cars.com Trading Down 2.0%

NYSE:CARS opened at $7.82 on Wednesday. The company has a market cap of $458.39 million, a PE ratio of 24.43 and a beta of 1.50. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.96. The company has a 50 day simple moving average of $11.03 and a two-hundred day simple moving average of $11.69. Cars.com Inc. has a 12 month low of $7.68 and a 12 month high of $13.97.

Cars.com (NYSE:CARS) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.12). The firm had revenue of $183.90 million during the quarter, compared to analysts’ expectations of $183.44 million. Cars.com had a return on equity of 17.31% and a net margin of 2.77%.The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. Research analysts forecast that Cars.com Inc. will post 1.19 earnings per share for the current year.

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.