SG Americas Securities LLC cut its holdings in shares of Cars.com Inc. (NYSE:CARS – Free Report) by 95.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,912 shares of the company’s stock after selling 312,868 shares during the period. SG Americas Securities LLC’s holdings in Cars.com were worth $121,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in Cars.com by 30.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock worth $83,000 after purchasing an additional 1,623 shares during the period. Tower Research Capital LLC TRC increased its stake in Cars.com by 436.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after purchasing an additional 6,475 shares during the period. Virtus Advisers LLC purchased a new stake in shares of Cars.com in the third quarter valued at about $100,000. State of Wyoming acquired a new stake in shares of Cars.com during the second quarter worth about $115,000. Finally, AXA S.A. purchased a new position in shares of Cars.com during the second quarter worth about $126,000. 89.15% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have commented on CARS. UBS Group upped their price objective on Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Zacks Research lowered Cars.com from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. BTIG Research upped their price target on Cars.com from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Cars.com in a research report on Monday, June 29th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cars.com presently has an average rating of “Hold” and an average target price of $14.67.
Insider Activity at Cars.com
In other news, CFO Sonia Jain sold 34,021 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $9.49, for a total transaction of $322,859.29. Following the completion of the transaction, the chief financial officer directly owned 312,833 shares of the company’s stock, valued at $2,968,785.17. This trade represents a 9.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.36% of the stock is owned by corporate insiders.
Cars.com Stock Up 0.4%
Shares of NYSE CARS opened at $11.13 on Tuesday. The firm has a 50-day moving average price of $10.31 and a 200 day moving average price of $10.36. The stock has a market capitalization of $622.11 million, a price-to-earnings ratio of 25.88 and a beta of 1.59. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.98. Cars.com Inc. has a 52 week low of $7.40 and a 52 week high of $13.97.
Cars.com (NYSE:CARS – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The firm had revenue of $180.22 million during the quarter, compared to analyst estimates of $180.16 million. Cars.com had a return on equity of 18.12% and a net margin of 3.73%.The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. Equities research analysts anticipate that Cars.com Inc. will post 1.59 EPS for the current fiscal 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.
Featured Articles
- Five stocks we like better than Cars.com
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Want to see what other hedge funds are holding CARS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cars.com Inc. (NYSE:CARS – Free Report).
Receive News & Ratings for Cars.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter.
