Boston Partners Invests $1.37 Million in Cars.com Inc. (NYSE:CARS)

Boston Partners purchased a new stake in Cars.com Inc. (NYSE:CARS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 152,581 shares of the company’s stock, valued at approximately $1,370,000. Boston Partners owned 0.23% of Cars.com as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Cars.com by 12,646.9% during the 3rd quarter. Signaturefd LLC now owns 6,246 shares of the company’s stock valued at $56,000 after buying an additional 6,197 shares in the last quarter. Marshall Wace LLP bought a new stake in Cars.com during the 1st quarter valued at $63,000. Altshuler Shaham Ltd purchased a new stake in shares of Cars.com during the second quarter worth $105,000. CHICAGO TRUST Co NA lifted its position in shares of Cars.com by 28.0% during the third quarter. CHICAGO TRUST Co NA now owns 12,990 shares of the company’s stock worth $117,000 after acquiring an additional 2,842 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Cars.com during the second quarter worth $180,000.

Cars.com stock opened at $12.36 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.06. Cars.com Inc. has a fifty-two week low of $8.23 and a fifty-two week high of $28.50. The stock has a market cap of $841.84 million, a P/E ratio of 6.79 and a beta of 1.18. The firm’s fifty day moving average price is $11.97 and its 200-day moving average price is $14.65.

Cars.com (NYSE:CARS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. Cars.com had a positive return on equity of 6.14% and a negative net margin of 69.79%. The company had revenue of $152.10 million during the quarter, compared to analyst estimates of $150.23 million. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. Sell-side analysts predict that Cars.com Inc. will post 1.11 earnings per share for the current year.

Several equities analysts have recently weighed in on CARS shares. Barrington Research upgraded Cars.com from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 6th. Cfra upgraded Cars.com from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. DA Davidson lowered Cars.com from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. Craig Hallum upgraded Cars.com from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, September 16th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Cars.com from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.31.

In other Cars.com news, CEO Thomas Alex Vetter purchased 11,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $9.58 per share, with a total value of $105,380.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.35% of the stock is owned by corporate insiders.

Cars.com Company 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.

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

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