RBF Capital LLC Raises Stake in Cars.com Inc. $CARS

RBF Capital LLC grew its holdings in shares of Cars.com Inc. (NYSE:CARSFree Report) by 93.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,569 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. RBF Capital LLC owned 0.19% of Cars.com worth $841,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Cars.com by 122.8% in the 1st quarter. Royal Bank of Canada now owns 29,655 shares of the company’s stock valued at $334,000 after purchasing an additional 16,347 shares in the last quarter. AQR Capital Management LLC raised its position in Cars.com by 23.4% in the 1st quarter. AQR Capital Management LLC now owns 33,860 shares of the company’s stock worth $382,000 after purchasing an additional 6,416 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Cars.com by 19.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,251 shares of the company’s stock worth $2,730,000 after purchasing an additional 39,561 shares during the period. JPMorgan Chase & Co. lifted its stake in Cars.com by 62.3% in the second quarter. JPMorgan Chase & Co. now owns 218,358 shares of the company’s stock worth $2,588,000 after purchasing an additional 83,848 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Cars.com by 4.8% in the second quarter. Invesco Ltd. now owns 223,879 shares of the company’s stock worth $2,653,000 after purchasing an additional 10,276 shares during the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

Cars.com Price Performance

Shares of Cars.com stock opened at $12.91 on Thursday. The company’s fifty day simple moving average is $10.61 and its two-hundred day simple moving average is $10.32. Cars.com Inc. has a 12-month low of $7.40 and a 12-month high of $13.97. The firm has a market cap of $721.67 million, a PE ratio of 30.02 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 (NYSE:CARSGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). The firm had revenue of $180.22 million for the quarter, compared to the consensus estimate of $180.16 million. Cars.com had a net margin of 3.73% and a return on equity of 18.12%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share. As a group, equities analysts expect that Cars.com Inc. will post 1.59 EPS for the current year.

Analysts Set New Price Targets

CARS has been the topic of a number of recent research reports. Weiss Ratings raised Cars.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. BTIG Research boosted their target price on Cars.com from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. DA Davidson restated a “buy” rating and set a $13.00 target price on shares of Cars.com in a report on Monday, April 13th. JPMorgan Chase & Co. raised their price target on Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, UBS Group lifted their price target on Cars.com from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.67.

View Our Latest Analysis on Cars.com

Insider Transactions at Cars.com

In other Cars.com news, CFO Sonia Jain sold 52,579 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $9.56, for a total transaction of $502,655.24. Following the completion of the transaction, the chief financial officer owned 346,854 shares of the company’s stock, valued at $3,315,924.24. This represents a 13.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.36% of the stock is currently owned by corporate insiders.

Cars.com Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cars.com (NYSE:CARS)

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