Tocqueville Asset Management L.P. decreased its holdings in Cars.com Inc. (NYSE:CARS – Free Report) by 37.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 420,433 shares of the company’s stock after selling 250,000 shares during the period. Tocqueville Asset Management L.P. owned 0.65% of Cars.com worth $7,286,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB boosted 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 worth $4,939,000 after acquiring an additional 74,133 shares during the period. Victory Capital Management Inc. boosted its stake in Cars.com by 130.9% during the third quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock valued at $777,000 after buying an additional 26,276 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Cars.com by 193.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after buying an additional 1,079 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Cars.com by 60.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company’s stock valued at $316,000 after buying an additional 6,855 shares during the last quarter. Finally, FMR LLC boosted its stake in Cars.com by 1.7% during 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 during the last quarter. Institutional investors own 89.15% of the company’s stock.
Cars.com Trading Down 2.4 %
Shares of CARS stock opened at $11.30 on Wednesday. Cars.com Inc. has a 1 year low of $10.71 and a 1 year high of $21.24. 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’s 50 day simple moving average is $15.80 and its two-hundred day simple moving average is $16.89. The company has a market cap of $721.15 million, a PE ratio of 19.47 and a beta of 2.16.
Analyst Ratings Changes
View Our Latest Research Report on Cars.com
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.
See Also
- Five stocks we like better than Cars.com
- 3 Best Fintech Stocks for a Portfolio Boost
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- EV Stocks and How to Profit from Them
- 3 Must-Own Stocks to Build Wealth This Decade
- 3 Small Caps With Big Return Potential
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Receive News & Ratings for Cars.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter.