Arrowstreet Capital Limited Partnership Has $7.68 Million Stock Position in Cars.com Inc. (NYSE:CARS)

Arrowstreet Capital Limited Partnership raised its holdings in Cars.com Inc. (NYSE:CARS) by 609.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 442,889 shares of the company’s stock after buying an additional 380,439 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Cars.com were worth $7,675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Cars.com by 193.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after acquiring an additional 1,079 shares in the last quarter. KBC Group NV grew its holdings in Cars.com by 68.2% in the fourth quarter. KBC Group NV now owns 3,885 shares of the company’s stock worth $67,000 after purchasing an additional 1,575 shares during the period. Parkside Financial Bank & Trust increased its stake in Cars.com by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock valued at $89,000 after purchasing an additional 1,516 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Cars.com by 22.1% during the fourth quarter. Principal Securities Inc. now owns 8,786 shares of the company’s stock valued at $152,000 after purchasing an additional 1,592 shares during the period. Finally, Vestcor Inc acquired a new position in shares of Cars.com during the fourth quarter valued at about $156,000. 89.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. DA Davidson decreased their target price on Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a research report on Friday, February 28th. Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lowered their target price on Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.90.

Cars.com Price Performance

CARS stock opened at $10.71 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The business has a 50-day simple moving average of $14.29 and a two-hundred day simple moving average of $16.34. The company has a market capitalization of $683.80 million, a P/E ratio of 18.47 and a beta of 1.92. Cars.com Inc. has a 52-week low of $9.87 and a 52-week high of $21.24.

About Cars.com

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.