RBF Capital LLC Boosts Holdings in Cars.com Inc. $CARS

RBF Capital LLC grew its stake in shares of Cars.com Inc. (NYSE:CARS) by 93.3% during the first quarter, HoldingsChannel reports. The firm owned 103,569 shares of the company’s stock after purchasing an additional 50,000 shares during the quarter. RBF Capital LLC’s holdings in Cars.com were worth $841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Inspire Investing LLC lifted its holdings in Cars.com by 3.0% in the fourth quarter. Inspire Investing LLC now owns 38,273 shares of the company’s stock worth $467,000 after buying an additional 1,119 shares during the period. iSAM Funds UK Ltd grew its holdings in shares of Cars.com by 12.3% during the 3rd quarter. iSAM Funds UK Ltd now owns 12,499 shares of the company’s stock worth $153,000 after acquiring an additional 1,367 shares during the period. Vident Advisory LLC grew its holdings in shares of Cars.com by 3.3% during the 3rd quarter. Vident Advisory LLC now owns 43,023 shares of the company’s stock worth $526,000 after acquiring an additional 1,386 shares during the period. BNP Paribas Financial Markets raised its position in shares of Cars.com by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock worth $83,000 after acquiring an additional 1,623 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its position in shares of Cars.com by 5.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 36,904 shares of the company’s stock worth $419,000 after acquiring an additional 1,859 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group lifted their price target on Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Zacks Research lowered Cars.com from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. boosted their target price on shares of Cars.com from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, May 8th. B. Riley Financial downgraded shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research report on Friday, May 8th. Finally, BTIG Research increased their price target on shares of Cars.com from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.67.

Insider Buying and Selling

In other news, CFO Sonia Jain sold 34,021 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.49, for a total value of $322,859.29. Following the sale, the chief financial officer directly owned 312,833 shares of the company’s stock, valued at approximately $2,968,785.17. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.36% of the company’s stock.

Cars.com Stock Performance

Shares of CARS opened at $12.91 on Thursday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average price is $10.61 and its 200-day moving average price is $10.32. Cars.com Inc. has a 52 week low of $7.40 and a 52 week high of $13.97. The stock has a market cap of $721.67 million, a P/E ratio of 30.02 and a beta of 1.59.

Cars.com (NYSE:CARS) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Cars.com had a net margin of 3.73% and a return on equity of 18.12%. The company had revenue of $180.22 million for the quarter, compared to the consensus estimate of $180.16 million. During the same period last year, the business earned $0.37 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that Cars.com Inc. will post 1.59 earnings per share for the current fiscal year.

Cars.com Profile

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.