Teacher Retirement System of Texas Boosts Stock Holdings in Cars.com Inc. (NYSE:CARS)

Teacher Retirement System of Texas increased its position in shares of Cars.com Inc. (NYSE:CARS) by 199.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 109,714 shares of the company’s stock after buying an additional 73,018 shares during the quarter. Teacher Retirement System of Texas’ holdings in Cars.com were worth $1,901,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Cars.com by 8.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company’s stock worth $244,000 after acquiring an additional 1,075 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Cars.com by 193.0% during the fourth 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. Parkside Financial Bank & Trust grew its holdings in Cars.com by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock valued at $89,000 after purchasing an additional 1,516 shares during the period. KBC Group NV increased its position in shares of Cars.com by 68.2% in the fourth quarter. KBC Group NV now owns 3,885 shares of the company’s stock valued at $67,000 after buying an additional 1,575 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of 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. Institutional investors and hedge funds own 89.15% of the company’s stock.

Cars.com Stock Performance

NYSE:CARS opened at $11.72 on Friday. Cars.com Inc. has a twelve month low of $10.80 and a twelve month high of $21.24. The company has a market cap of $748.41 million, a P/E ratio of 20.21 and a beta of 2.16. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $15.06 and its 200-day moving average price is $16.62.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CARS. JPMorgan Chase & Co. reduced their price objective on shares of Cars.com from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday. DA Davidson lowered their price objective on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Barrington Research reissued an “outperform” rating and set a $25.00 target price on shares of Cars.com in a report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus 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.