Level Four Advisory Services LLC Raises Position in Cars.com Inc. (NYSE:CARS)

Level Four Advisory Services LLC boosted its position in Cars.com Inc. (NYSE:CARS) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 64,823 shares of the company’s stock after acquiring an additional 1,700 shares during the period. Level Four Advisory Services LLC owned 0.10% of Cars.com worth $1,123,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CARS. Smartleaf Asset Management LLC raised its holdings in Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after acquiring an additional 1,079 shares during the period. Advisors Asset Management Inc. grew its position in shares of Cars.com by 145.2% in the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock valued at $53,000 after purchasing an additional 1,864 shares in the last quarter. KBC Group NV lifted its holdings in Cars.com by 68.2% during the 4th quarter. KBC Group NV now owns 3,885 shares of the company’s stock worth $67,000 after purchasing an additional 1,575 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Cars.com by 41.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock worth $89,000 after purchasing an additional 1,516 shares during the period. Finally, Principal Securities Inc. grew its holdings in Cars.com by 22.1% during the 4th quarter. Principal Securities Inc. now owns 8,786 shares of the company’s stock valued at $152,000 after buying an additional 1,592 shares in the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

Cars.com Stock Performance

Cars.com stock opened at $11.30 on Friday. Cars.com Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $21.24. The firm’s fifty day moving average price is $14.93 and its 200-day moving average price is $16.58. The stock has a market cap of $721.41 million, a P/E ratio of 19.48 and a beta of 2.16. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79.

Wall Street Analyst Weigh In

CARS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday. Barrington Research reissued an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a research note on Tuesday, March 4th. Finally, DA Davidson decreased their target price on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.90.

About Cars.com

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.