Teacher Retirement System of Texas Purchases 73,018 Shares of Cars.com Inc. (NYSE:CARS)

Teacher Retirement System of Texas raised its position in Cars.com Inc. (NYSE:CARS) by 199.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,714 shares of the company’s stock after acquiring an additional 73,018 shares during the period. Teacher Retirement System of Texas owned approximately 0.17% of Cars.com worth $1,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CARS. Smartleaf Asset Management LLC boosted its position in shares of Cars.com by 193.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock worth $29,000 after purchasing an additional 1,079 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Cars.com by 145.2% during the third 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 last quarter. KBC Group NV raised its position in shares of Cars.com by 68.2% in the 4th quarter. KBC Group NV now owns 3,885 shares of the company’s stock valued at $67,000 after purchasing an additional 1,575 shares during 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 in the last quarter. Finally, Principal Securities Inc. increased its stake 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 purchasing 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 Price Performance

NYSE:CARS opened at $11.72 on Friday. The firm’s fifty day moving average is $15.06 and its two-hundred day moving average is $16.62. The firm has a market cap of $748.41 million, a price-to-earnings ratio of 20.21 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. Cars.com Inc. has a one year low of $10.80 and a one year high of $21.24.

Analysts Set New Price Targets

Several research firms have recently commented on CARS. 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 research note on Friday, February 28th. JPMorgan Chase & Co. dropped their price target on Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Barrington Research restated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.90.

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.