144,299 Shares in Cars.com Inc. (NYSE:CARS) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in shares of Cars.com Inc. (NYSE:CARS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 144,299 shares of the company’s stock, valued at approximately $2,843,000. Cubist Systematic Strategies LLC owned approximately 0.22% of Cars.com as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Cars.com during the first quarter worth approximately $28,000. CWM LLC increased its stake in Cars.com by 253.2% during the second quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after acquiring an additional 1,575 shares during the last quarter. EntryPoint Capital LLC increased its stake in Cars.com by 23.3% during the first quarter. EntryPoint Capital LLC now owns 10,173 shares of the company’s stock worth $175,000 after acquiring an additional 1,922 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Cars.com during the first quarter worth $177,000. Finally, Point72 DIFC Ltd acquired a new stake in Cars.com during the second quarter worth $180,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CARS shares. B. Riley cut their target price 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. UBS Group cut their target price 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. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. cut Cars.com from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $19.00 in a research note on Friday, August 9th.

Cars.com Trading Up 0.6 %

Shares of NYSE CARS opened at $16.72 on Monday. 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 fifty day simple moving average of $17.99 and a 200-day simple moving average of $18.16. 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 released its earnings results on Thursday, August 8th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Cars.com had a return on equity of 6.70% and a net margin of 3.51%. The company had revenue of $178.89 million for the quarter, compared to analyst estimates of $181.51 million. On average, equities analysts forecast that Cars.com Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling

In other Cars.com news, CEO Thomas Alex Vetter sold 17,674 shares of Cars.com stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $19.23, for a total transaction of $339,871.02. Following the completion of the sale, the chief executive officer now directly owns 598,934 shares of the company’s stock, valued at approximately $11,517,500.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.