Royce & Associates LP Sells 54,170 Shares of Cars.com Inc. (NYSE:CARS)

Royce & Associates LP decreased its position in Cars.com Inc. (NYSE:CARS) by 8.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 625,492 shares of the company’s stock after selling 54,170 shares during the period. Royce & Associates LP owned 0.95% of Cars.com worth $10,483,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Partners lifted its holdings in shares of Cars.com by 25.0% in the 1st quarter. Boston Partners now owns 2,153,942 shares of the company’s stock worth $36,972,000 after buying an additional 430,654 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Cars.com by 50.3% during the first quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company’s stock valued at $10,573,000 after buying an additional 205,871 shares during the period. American Century Companies Inc. raised its holdings in shares of Cars.com by 19.4% in the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock valued at $21,252,000 after acquiring an additional 175,094 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Cars.com in the second quarter worth about $2,843,000. Finally, Squarepoint Ops LLC grew its holdings in Cars.com by 163.6% during the 2nd quarter. Squarepoint Ops LLC now owns 45,820 shares of the company’s stock worth $903,000 after acquiring an additional 117,820 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.

Cars.com Trading Up 0.1 %

NYSE CARS opened at $18.72 on Friday. The firm has a market cap of $1.21 billion, a PE ratio of 32.27 and a beta of 2.10. Cars.com Inc. has a 52 week low of $15.05 and a 52 week high of $21.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average price of $16.78 and a 200 day moving average price of $18.05.

Wall Street Analyst Weigh In

CARS has been the subject of several recent research reports. UBS Group boosted their price target on shares of Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barrington Research restated an “outperform” rating and set a $25.00 target price on shares of Cars.com in a report on Wednesday. B. Riley cut their price target on Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their price target on Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th.

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.