Victory Capital Management Inc. Increases Stake in Cars.com Inc. (NYSE:CARS)

Victory Capital Management Inc. increased its stake in Cars.com Inc. (NYSE:CARS) by 26.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 58,823 shares of the company’s stock after acquiring an additional 12,479 shares during the quarter. Victory Capital Management Inc.’s holdings in Cars.com were worth $1,019,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in Cars.com by 8.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company’s stock worth $244,000 after acquiring an additional 1,075 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock worth $29,000 after acquiring an additional 1,079 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Cars.com by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock worth $89,000 after acquiring an additional 1,516 shares in the last quarter. KBC Group NV grew its holdings in Cars.com by 68.2% during the 4th quarter. KBC Group NV now owns 3,885 shares of the company’s stock worth $67,000 after acquiring an additional 1,575 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in Cars.com by 22.1% during the 4th quarter. Principal Securities Inc. now owns 8,786 shares of the company’s stock worth $152,000 after acquiring an additional 1,592 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CARS shares. Barrington Research reiterated an “outperform” rating and set a $25.00 target price on shares of Cars.com in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on shares of Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Finally, DA Davidson dropped their target price on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Cars.com Stock Down 0.7 %

NYSE:CARS opened at $11.41 on Friday. Cars.com Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $21.24. The stock has a market capitalization of $728.18 million, a P/E ratio of 19.66 and a beta of 2.16. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The company’s 50-day simple moving average is $15.58 and its 200-day simple moving average is $16.81.

About Cars.com

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.