MML Investors Services LLC Buys 11,077 Shares of Cars.com Inc. (NYSE:CARS)

MML Investors Services LLC grew its stake in shares of Cars.com Inc. (NYSE:CARS) by 16.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 78,982 shares of the company’s stock after acquiring an additional 11,077 shares during the period. MML Investors Services LLC owned about 0.12% of Cars.com worth $1,369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Cars.com by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,121,007 shares of the company’s stock worth $123,407,000 after buying an additional 115,083 shares during the period. Boston Partners boosted its holdings in Cars.com by 26.0% in the 4th quarter. Boston Partners now owns 3,178,426 shares of the company’s stock worth $55,021,000 after buying an additional 655,518 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Cars.com by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company’s stock worth $54,984,000 after buying an additional 55,143 shares during the period. Pacer Advisors Inc. boosted its holdings 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 buying an additional 65,210 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Cars.com by 3.8% in the 4th 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 period. 89.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CARS has been the topic of several recent analyst reports. DA Davidson lowered their target price on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. UBS Group lowered their target price on shares of Cars.com from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on shares of Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cars.com currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Cars.com Price Performance

CARS opened at $11.65 on Thursday. The stock has a market capitalization of $740.10 million, a P/E ratio of 20.09 and a beta of 1.92. Cars.com Inc. has a 12-month low of $9.87 and a 12-month high of $21.24. The stock has a 50-day moving average price of $11.82 and a 200-day moving average price of $15.64. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93.

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.