Boston Partners Grows Holdings in Cars.com Inc. (NYSE:CARS)

Boston Partners grew its stake in Cars.com Inc. (NYSE:CARS) by 26.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,178,426 shares of the company’s stock after buying an additional 655,518 shares during the period. Boston Partners’ holdings in Cars.com were worth $55,021,000 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 the stock. Intech Investment Management LLC grew its stake in Cars.com by 27.2% in the 4th quarter. Intech Investment Management LLC now owns 28,006 shares of the company’s stock worth $485,000 after buying an additional 5,989 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Cars.com in the 4th quarter worth approximately $186,000. Natixis Advisors LLC bought a new stake in shares of Cars.com in the 4th quarter worth approximately $262,000. Vestcor Inc bought a new stake in shares of Cars.com in the 4th quarter worth approximately $156,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Cars.com by 1,870.0% in the 4th quarter. Farther Finance Advisors LLC now owns 12,194 shares of the company’s stock worth $211,000 after acquiring an additional 11,575 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Trading Up 1.8 %

NYSE:CARS opened at $11.47 on Thursday. The company has a fifty day moving average of $15.69 and a 200 day moving average of $16.85. Cars.com Inc. has a 52 week low of $10.80 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 firm has a market capitalization of $732.45 million, a P/E ratio of 19.78 and a beta of 2.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CARS shares. Barrington Research restated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a report on Tuesday, March 4th. JPMorgan Chase & Co. lowered their price objective on shares of Cars.com from $21.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Finally, DA Davidson lowered their price objective on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cars.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

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.