Cars.com Inc. (NYSE:CARS) Shares Bought by TD Asset Management Inc

TD Asset Management Inc grew its holdings in shares of Cars.com Inc. (NYSE:CARS) by 8.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,900 shares of the company’s stock after acquiring an additional 1,600 shares during the period. TD Asset Management Inc’s holdings in Cars.com were worth $392,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Greenvale Capital LLP grew its stake in shares of Cars.com by 2.0% during the fourth quarter. Greenvale Capital LLP now owns 4,628,403 shares of the company’s stock valued at $87,801,000 after acquiring an additional 90,222 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Cars.com by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,013 shares of the company’s stock valued at $757,000 after acquiring an additional 2,692 shares in the last quarter. Vanguard Group Inc. grew its stake in Cars.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock worth $123,983,000 after purchasing an additional 81,645 shares in the last quarter. Boulder Hill Capital Management LP acquired a new position in Cars.com in the fourth quarter worth about $197,000. Finally, Quest Partners LLC acquired a new position in Cars.com in the fourth quarter worth about $343,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group decreased their price target on Cars.com from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. B. Riley decreased their price target on Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. downgraded Cars.com from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $19.00 in a research note on Friday, August 9th.

Cars.com Stock Performance

Shares of NYSE CARS opened at $17.65 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average price is $18.30 and its two-hundred day moving average price is $18.20. Cars.com Inc. has a 52-week low of $14.82 and a 52-week high of $21.24. The stock has a market capitalization of $1.17 billion, a P/E ratio of 11.24 and a beta of 2.11.

Cars.com (NYSE:CARS) last issued its earnings results on Thursday, August 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Cars.com had a return on equity of 6.70% and a net margin of 3.51%. The business had revenue of $178.89 million during the quarter, compared to the consensus estimate of $181.51 million. As a group, sell-side analysts forecast that Cars.com Inc. will post 1.22 earnings per share for the current year.

Insider Activity

In other news, CEO Thomas Alex Vetter sold 17,674 shares of Cars.com stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $19.23, for a total transaction of $339,871.02. Following the sale, the chief executive officer now owns 598,934 shares of the company’s stock, valued at $11,517,500.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.12% of the company’s stock.

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.