Cars.com Inc. (NYSE:CARS) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Cars.com Inc. (NYSE:CARS) by 27.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,006 shares of the company’s stock after buying an additional 5,989 shares during the period. Intech Investment Management LLC’s holdings in Cars.com were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Cars.com by 1.7% during the third quarter. FMR LLC now owns 9,902,561 shares of the company’s stock worth $165,967,000 after acquiring an additional 162,692 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Cars.com by 2.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company’s stock worth $44,350,000 after purchasing an additional 65,210 shares in the last quarter. State Street Corp grew its position in Cars.com by 0.6% during the 3rd quarter. State Street Corp now owns 2,419,422 shares of the company’s stock worth $40,550,000 after purchasing an additional 15,038 shares during the last quarter. Geode Capital Management LLC increased its stake in Cars.com by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,462,312 shares of the company’s stock valued at $24,513,000 after purchasing an additional 6,021 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Cars.com by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 834,851 shares of the company’s stock worth $14,468,000 after buying an additional 30,368 shares during the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Tuesday, March 4th. DA Davidson cut their price objective on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price on Cars.com from $21.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.50.

Cars.com Stock Performance

NYSE CARS opened at $12.32 on Tuesday. The firm has a market capitalization of $786.53 million, a P/E ratio of 21.24 and a beta of 2.16. The stock has a 50-day simple moving average of $15.38 and a two-hundred day simple moving average of $16.72. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. Cars.com Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $21.24.

Cars.com Profile

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.