Point72 DIFC Ltd Invests $180,000 in Cars.com Inc. (NYSE:CARS)

Point72 DIFC Ltd purchased a new stake in Cars.com Inc. (NYSE:CARS) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 9,114 shares of the company’s stock, valued at approximately $180,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Boulder Hill Capital Management LP purchased a new position in shares of Cars.com during the 4th quarter worth $197,000. Campbell & CO Investment Adviser LLC boosted its holdings in Cars.com by 210.7% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 33,790 shares of the company’s stock valued at $641,000 after purchasing an additional 22,914 shares during the last quarter. Greenvale Capital LLP boosted its holdings in Cars.com by 2.0% in the 4th quarter. Greenvale Capital LLP now owns 4,628,403 shares of the company’s stock valued at $87,801,000 after purchasing an additional 90,222 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Cars.com in the 4th quarter valued at approximately $195,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Cars.com during the 1st quarter valued at approximately $177,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Trading Up 0.6 %

Shares of NYSE CARS opened at $16.72 on Friday. The stock has a fifty day simple moving average of $18.04 and a 200-day simple moving average of $18.16. Cars.com Inc. has a twelve month low of $14.82 and a twelve month high of $21.24. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $1.11 billion, a PE ratio of 10.65 and a beta of 2.11.

Cars.com (NYSE:CARS) last issued its quarterly 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). The business had revenue of $178.89 million for the quarter, compared to analysts’ expectations of $181.51 million. Cars.com had a return on equity of 6.70% and a net margin of 3.51%. On average, equities analysts forecast that Cars.com Inc. will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CARS has been the subject of several analyst reports. UBS Group lowered their price objective on Cars.com from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. B. Riley cut their price objective on Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Cars.com from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $25.00 to $19.00 in a research report on Friday, August 9th. Finally, Barrington Research reiterated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Friday, August 23rd.

Insider Buying and Selling

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

Cars.com 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.