ArrowMark Colorado Holdings LLC Sells 46,000 Shares of Cars.com Inc. (NYSE:CARS)

ArrowMark Colorado Holdings LLC trimmed its position in shares of Cars.com Inc. (NYSE:CARS) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 475,000 shares of the company’s stock after selling 46,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned 0.73% of Cars.com worth $8,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC purchased a new position in Cars.com in the fourth quarter worth about $456,000. Northern Trust Corp boosted its holdings in shares of Cars.com by 17.6% in the fourth quarter. Northern Trust Corp now owns 804,640 shares of the company’s stock worth $13,944,000 after buying an additional 120,331 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Cars.com in the fourth quarter worth approximately $2,393,000. Quarry LP grew its position in Cars.com by 184.5% during the fourth quarter. Quarry LP now owns 3,476 shares of the company’s stock valued at $60,000 after buying an additional 2,254 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in Cars.com in the fourth quarter worth approximately $132,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Cars.com Trading Up 1.6 %

Cars.com stock opened at $11.93 on Friday. Cars.com Inc. has a 1 year low of $9.87 and a 1 year high of $21.24. The firm’s 50 day moving average price is $11.67 and its 200-day moving average price is $15.58. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $757.89 million, a P/E ratio of 20.57 and a beta of 1.95.

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.