AlphaQuest LLC Buys 18,508 Shares of Cars.com Inc. (NYSE:CARS)

AlphaQuest LLC increased its stake in Cars.com Inc. (NYSE:CARS) by 1,850,800.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,509 shares of the company’s stock after purchasing an additional 18,508 shares during the period. AlphaQuest LLC’s holdings in Cars.com were worth $321,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CARS. FMR LLC lifted its holdings in shares of Cars.com by 1.7% during the 3rd quarter. FMR LLC now owns 9,902,561 shares of the company’s stock worth $165,967,000 after acquiring an additional 162,692 shares during the period. Pacer Advisors Inc. raised its position in Cars.com by 2.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company’s stock valued at $44,350,000 after purchasing an additional 65,210 shares in the last quarter. State Street Corp lifted its stake in Cars.com by 0.6% during the third quarter. State Street Corp now owns 2,419,422 shares of the company’s stock worth $40,550,000 after purchasing an additional 15,038 shares during the last quarter. Geode Capital Management LLC lifted its stake in Cars.com by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,462,312 shares of the company’s stock worth $24,513,000 after purchasing an additional 6,021 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Cars.com by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 834,851 shares of the company’s stock valued at $14,468,000 after purchasing an additional 30,368 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. DA Davidson reduced their price target 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. Finally, Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Cars.com in a report on Tuesday, March 4th. Two research 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.50.

Cars.com Price Performance

Shares of CARS opened at $11.37 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock has a market cap of $725.69 million, a PE ratio of 19.60 and a beta of 2.16. Cars.com Inc. has a 12-month low of $11.01 and a 12-month high of $21.24. The business has a 50-day simple moving average of $16.03 and a two-hundred day simple moving average of $16.99.

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.