River & Mercantile Asset Management LLP acquired a new stake in Cars.com Inc. (NYSE:CARS – Get Rating ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 178,043 shares of the company’s stock, valued at approximately $2,251,000. River & Mercantile Asset Management LLP owned about 0.27% of Cars.com at the end of the most recent reporting period.
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Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new stake in Cars.com in the second quarter valued at $48,000. Captrust Financial Advisors grew its holdings in Cars.com by 117.4% in the second quarter. Captrust Financial Advisors now owns 5,392 shares of the company’s stock valued at $51,000 after purchasing an additional 2,912 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Cars.com by 57.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,852 shares of the company’s stock valued at $56,000 after buying an additional 1,762 shares in the last quarter. UBS Group AG lifted its position in Cars.com by 597.8% during the third quarter. UBS Group AG now owns 6,078 shares of the company’s stock valued at $70,000 after acquiring an additional 5,207 shares during the period. Finally, Mutual of America Capital Management LLC raised its position in Cars.com by 17.2% in the second quarter. Mutual of America Capital Management LLC now owns 10,972 shares of the company’s stock valued at $103,000 after acquiring an additional 1,612 shares during the period. 97.40% of the shares are owned by hedge funds and other institutional investors.
Internal activity
In related news, Director Thomas E. Hale sold 17,216 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $18.69, for a total transaction of $321,767.04. Following the completion of the sale, the director now directly owns 40,828 shares in the company, valued at $763,075.32. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In related news, CEO Thomas Alex Vetter sold 57,765 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $17.35, for a total transaction of $1,002,222.75. Following the completion of the sale, the chief executive officer now directly owns 539,716 shares in the company, valued at $9,364,072.60. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Also, Director Thomas E. Hale sold 17,216 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $18.69, for a total transaction of $321,767.04. Following the sale, the director now owns 40,828 shares of the company’s stock, valued at $763,075.32. Disclosure of this sale can be found here. Insiders have sold 126,660 shares of company stock worth $2,284,513 over the last three months. Insiders own 1.50% of the company’s shares.
The Wall Street analyst weighs in
A number of research firms have weighed in on CARS. Craig Hallum boosted their price objective on shares of Cars.com from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. BTIG Research boosted their price objective on shares of Cars.com from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. Finally, DA Davidson boosted their price objective on shares of Cars.com from $17.50 to $23.25 and gave the stock a “buy” rating in a research report on Friday, February 24th.
Cars.com Pricing Performance
Shares of NYSE CARS opened at $16.47 on Thursday. The firm has a 50-day simple moving average of $16.84 and a 200-day simple moving average of $14.40. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 65.88 and a beta of 1.93. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.19. Cars.com Inc. it has a 52-week low of $8.75 and a 52-week high of $20.42.
Cars.com (NYSE:CARS – Get Rating ) last posted its earnings results on Thursday, February 23. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $168.20 million during the quarter, compared to analyst estimates of $166.30 million. Cars.com had a net margin of 2.63% and a return on equity of 4.44%. Cars.com’s quarterly revenue was up 6.3% year-over-year. During the same quarter last year, the company earned ($0.09) earnings per share.
About Cars.com
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Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers with consumers across the United States. The company offers a range of digital solutions that connect people researching cars or looking to buy a car with car dealerships and OEMs.
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