XTX Topco Ltd Invests $543,000 in Cars.com Inc. $CARS

XTX Topco Ltd purchased a new position in shares of Cars.com Inc. (NYSE:CARS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 45,862 shares of the company’s stock, valued at approximately $543,000. XTX Topco Ltd owned 0.07% of Cars.com as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CARS. Cetera Investment Advisers bought a new position in Cars.com during the first quarter worth about $368,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Cars.com by 19.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,787 shares of the company’s stock valued at $200,000 after buying an additional 2,922 shares in the last quarter. LPL Financial LLC boosted its holdings in Cars.com by 109.7% in the 1st quarter. LPL Financial LLC now owns 412,282 shares of the company’s stock worth $4,646,000 after buying an additional 215,651 shares during the period. Mackenzie Financial Corp grew its stake in Cars.com by 59.2% in the 1st quarter. Mackenzie Financial Corp now owns 54,798 shares of the company’s stock valued at $618,000 after buying an additional 20,376 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Cars.com by 22.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,425 shares of the company’s stock valued at $61,000 after acquiring an additional 1,010 shares during the period. 89.15% of the stock is currently owned by institutional investors.

Cars.com Stock Up 3.4%

CARS opened at $12.35 on Thursday. The business’s fifty day simple moving average is $11.28 and its 200 day simple moving average is $11.84. Cars.com Inc. has a 52 week low of $9.56 and a 52 week high of $20.47. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.94. The stock has a market cap of $738.39 million, a PE ratio of 26.84 and a beta of 1.45.

Cars.com (NYSE:CARS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $181.57 million for the quarter, compared to the consensus estimate of $181.37 million. Cars.com had a return on equity of 18.32% and a net margin of 4.16%.The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. As a group, research analysts expect that Cars.com Inc. will post 1.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CARS shares. B. Riley reiterated a “buy” rating and set a $22.00 price objective (up from $21.00) on shares of Cars.com in a research note on Friday, August 8th. Zacks Research downgraded shares of Cars.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. boosted their price objective on shares of Cars.com from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. DA Davidson reaffirmed a “buy” rating and set a $13.50 target price on shares of Cars.com in a report on Tuesday, November 18th. Finally, Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cars.com presently has a consensus rating of “Moderate Buy” and an average price target of $17.70.

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.