Farther Finance Advisors LLC Purchases 11,575 Shares of Cars.com Inc. (NYSE:CARS)

Farther Finance Advisors LLC boosted its position in shares of Cars.com Inc. (NYSE:CARS) by 1,870.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,194 shares of the company’s stock after acquiring an additional 11,575 shares during the quarter. Farther Finance Advisors LLC’s holdings in Cars.com were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CARS. Victory Capital Management Inc. raised its stake in Cars.com by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock worth $777,000 after acquiring an additional 26,276 shares during the period. Advisors Asset Management Inc. raised its stake in Cars.com by 145.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after acquiring an additional 1,864 shares during the period. Intech Investment Management LLC bought a new stake in Cars.com during the 3rd quarter worth approximately $369,000. Pacer Advisors Inc. raised its position in shares of Cars.com by 62,357.6% during the third quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock valued at $41,798,000 after buying an additional 2,489,939 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Cars.com by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 804,483 shares of the company’s stock valued at $13,483,000 after buying an additional 17,501 shares during the last quarter. Institutional investors own 89.15% of the company’s stock.

Cars.com Trading Up 1.8 %

CARS stock opened at $11.47 on Thursday. The firm has a fifty day moving average price of $15.69 and a 200 day moving average price of $16.85. Cars.com Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $21.24. 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 firm has a market cap of $732.45 million, a PE ratio of 19.78 and a beta of 2.16.

Analyst Ratings Changes

CARS has been the topic of several recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a research report on Tuesday, March 4th. DA Davidson reduced their price objective on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.50.

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.