72,908 Shares in Cars.com Inc. (NYSE:CARS) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in shares of Cars.com Inc. (NYSE:CARS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 72,908 shares of the company’s stock, valued at approximately $1,222,000. GSA Capital Partners LLP owned approximately 0.11% of Cars.com at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings 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 buying an additional 81,645 shares in the last quarter. Boston Partners grew its holdings in Cars.com by 25.0% during the 1st quarter. Boston Partners now owns 2,153,942 shares of the company’s stock valued at $36,972,000 after buying an additional 430,654 shares in the last quarter. American Century Companies Inc. grew its holdings in Cars.com by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock valued at $21,252,000 after buying an additional 175,094 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Cars.com by 50.3% during the 1st quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company’s stock valued at $10,573,000 after buying an additional 205,871 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Cars.com by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 596,327 shares of the company’s stock valued at $11,748,000 after buying an additional 20,463 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Stock Down 1.0 %

Shares of CARS stock opened at $18.70 on Friday. Cars.com Inc. has a 1-year low of $15.05 and a 1-year high of $21.24. The stock’s fifty day moving average price is $16.73 and its 200 day moving average price is $18.04. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 32.24 and a beta of 2.10.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research note on Wednesday. B. Riley reduced their price objective on Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 9th. UBS Group raised their price objective on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their price target on Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, November 8th.

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.