First Eagle Investment Management LLC Cuts Position in Cars.com Inc. (NYSE:CARS)

First Eagle Investment Management LLC trimmed its position in Cars.com Inc. (NYSE:CARS) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 583,143 shares of the company’s stock after selling 49,500 shares during the quarter. First Eagle Investment Management LLC owned 0.90% of Cars.com worth $10,106,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CARS. Pacer Advisors Inc. grew its stake in shares of Cars.com by 62,357.6% in the third quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock valued at $41,798,000 after buying an additional 2,489,939 shares in the last quarter. FMR LLC grew its stake in shares of Cars.com by 1.7% in the third quarter. FMR LLC now owns 9,902,561 shares of the company’s stock valued at $165,967,000 after buying an additional 162,692 shares in the last quarter. Barclays PLC grew its stake in shares of Cars.com by 340.9% in the third quarter. Barclays PLC now owns 108,177 shares of the company’s stock valued at $1,813,000 after buying an additional 83,642 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Cars.com by 35.9% in the fourth quarter. Nordea Investment Management AB now owns 280,475 shares of the company’s stock valued at $4,939,000 after buying an additional 74,133 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Cars.com in the third quarter valued at about $1,222,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

Cars.com Price Performance

Shares of NYSE CARS opened at $11.37 on Friday. Cars.com Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $21.24. The business has a 50 day moving average price of $16.03 and a two-hundred day moving average price of $16.99. 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 firm has a market cap of $725.69 million, a PE ratio of 19.60 and a beta of 2.16.

Wall Street Analysts Forecast Growth

CARS has been the subject of a number of recent research reports. DA Davidson lowered their target price 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 reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Cars.com from $21.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.50.

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.