Villanova Investment Management Co LLC Purchases New Stake in Cars.com Inc. (NYSE:CARS)

Villanova Investment Management Co LLC purchased a new position in Cars.com Inc. (NYSE:CARS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 224,464 shares of the company’s stock, valued at approximately $3,890,000. Cars.com comprises about 3.5% of Villanova Investment Management Co LLC’s portfolio, making the stock its 4th largest position. Villanova Investment Management Co LLC owned 0.35% of Cars.com at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CARS. FMR LLC lifted its position in shares of Cars.com by 1.7% in the 3rd quarter. FMR LLC now owns 9,902,561 shares of the company’s stock worth $165,967,000 after purchasing an additional 162,692 shares during the period. Vanguard Group Inc. boosted its position in shares of Cars.com by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,121,007 shares of the company’s stock valued at $123,407,000 after purchasing an additional 115,083 shares in the last quarter. Boston Partners lifted its position in Cars.com by 26.0% during the fourth quarter. Boston Partners now owns 3,178,426 shares of the company’s stock valued at $55,021,000 after buying an additional 655,518 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Cars.com by 2.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company’s stock valued at $44,350,000 after buying an additional 65,210 shares in the last quarter. Finally, State Street Corp grew its position in shares of Cars.com by 0.6% in the 3rd quarter. State Street Corp now owns 2,419,422 shares of the company’s stock worth $40,550,000 after buying an additional 15,038 shares during the period. 89.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CARS. DA Davidson dropped 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 note on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on shares of Cars.com from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Finally, Barrington Research restated an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.90.

Cars.com Trading Up 0.1 %

NYSE:CARS opened at $11.31 on Tuesday. Cars.com Inc. has a 52 week low of $10.80 and a 52 week high of $21.24. The stock has a market cap of $722.11 million, a price-to-earnings ratio of 19.50 and a beta of 2.16. The company’s 50 day moving average price is $14.81 and its 200-day moving average price is $16.53. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.

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.