XTX Topco Ltd Takes Position in Cars.com Inc. (NYSE:CARS)

XTX Topco Ltd acquired a new position in Cars.com Inc. (NYSE:CARS) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 10,530 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenvale Capital LLP lifted its stake in shares of Cars.com by 2.0% in the 4th quarter. Greenvale Capital LLP now owns 4,628,403 shares of the company’s stock worth $87,801,000 after acquiring an additional 90,222 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Cars.com by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,013 shares of the company’s stock worth $757,000 after purchasing an additional 2,692 shares in the last quarter. American Century Companies Inc. lifted its position in Cars.com by 19.4% in the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock worth $21,252,000 after purchasing an additional 175,094 shares during the period. Vanguard Group Inc. boosted its stake in Cars.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock valued at $123,983,000 after purchasing an additional 81,645 shares in the last quarter. Finally, CWM LLC increased its position in shares of Cars.com by 253.2% during the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after purchasing an additional 1,575 shares during the period. Institutional investors own 89.15% of the company’s stock.

Cars.com Trading Up 0.6 %

Shares of NYSE CARS opened at $16.72 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. Cars.com Inc. has a 12 month low of $14.82 and a 12 month high of $21.24. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 10.65 and a beta of 2.11. The business has a fifty day simple moving average of $17.99 and a 200-day simple moving average of $18.16.

Cars.com (NYSE:CARS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). The firm had revenue of $178.89 million for the quarter, compared to analysts’ expectations of $181.51 million. Cars.com had a net margin of 3.51% and a return on equity of 6.70%. Sell-side analysts predict that Cars.com Inc. will post 1.22 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CARS. JPMorgan Chase & Co. lowered Cars.com from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $25.00 to $19.00 in a report on Friday, August 9th. B. Riley cut their price target on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th. UBS Group lowered their price objective on shares of Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Barrington Research reissued an “outperform” rating and set a $25.00 target price on shares of Cars.com in a research note on Friday, August 23rd.

Insider Buying and Selling

In other news, CEO Thomas Alex Vetter sold 17,674 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $19.23, for a total value of $339,871.02. Following the completion of the sale, the chief executive officer now owns 598,934 shares in the company, valued at $11,517,500.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.12% of the company’s stock.

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.