Greenvale Capital LLP Has $73.10 Million Stock Holdings in Cars.com Inc. (NYSE:CARS)

Greenvale Capital LLP cut its position in Cars.com Inc. (NYSE:CARS) by 20.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,710,793 shares of the company’s stock after selling 940,960 shares during the quarter. Cars.com makes up approximately 4.6% of Greenvale Capital LLP’s investment portfolio, making the stock its 12th largest holding. Greenvale Capital LLP owned 0.06% of Cars.com worth $73,103,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CARS. Boston Partners grew its stake in Cars.com by 25.0% in the 1st quarter. Boston Partners now owns 2,153,942 shares of the company’s stock valued at $36,972,000 after buying an additional 430,654 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Cars.com by 94.2% in the 1st quarter. First Eagle Investment Management LLC now owns 425,643 shares of the company’s stock valued at $7,313,000 after buying an additional 206,415 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Cars.com by 50.3% in the 1st quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company’s stock valued at $10,573,000 after purchasing an additional 205,871 shares during the period. American Century Companies Inc. boosted its holdings in Cars.com by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock valued at $21,252,000 after purchasing an additional 175,094 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Cars.com in the 2nd quarter valued at $2,843,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Cars.com Trading Up 0.3 %

Shares of CARS stock opened at $16.77 on Tuesday. Cars.com Inc. has a 12-month low of $14.82 and a 12-month high of $21.24. The company has a market capitalization of $1.11 billion, a P/E ratio of 10.68 and a beta of 2.11. The firm has a 50-day moving average price of $17.94 and a 200 day moving average price of $18.16. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.95.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CARS shares. JPMorgan Chase & Co. downgraded shares of Cars.com from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $19.00 in a report on Friday, August 9th. Barrington Research reissued an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a report on Friday, August 23rd. B. Riley reduced their price target on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, UBS Group reduced their price objective on shares of Cars.com from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, August 9th.

Insider Activity at Cars.com

In other Cars.com news, CEO Thomas Alex Vetter sold 17,674 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 598,934 shares in the company, valued at approximately $11,517,500.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.12% of the stock is currently 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.