Level Four Advisory Services LLC Boosts Holdings in Cars.com Inc. (NYSE:CARS)

Level Four Advisory Services LLC increased its holdings in Cars.com Inc. (NYSE:CARS) by 2.7% in the fourth quarter, Holdings Channel.com reports. 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’s holdings in Cars.com were worth $1,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its stake in Cars.com by 145.2% in the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after purchasing an additional 1,864 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Cars.com in the third quarter worth about $369,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Cars.com by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 804,483 shares of the company’s stock valued at $13,483,000 after acquiring an additional 17,501 shares during the last quarter. FMR LLC boosted its holdings in Cars.com by 1.7% during the 3rd quarter. FMR LLC now owns 9,902,561 shares of the company’s stock valued at $165,967,000 after acquiring an additional 162,692 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Cars.com by 8.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company’s stock valued at $244,000 after acquiring an additional 1,075 shares during the period. Institutional investors own 89.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. DA Davidson lowered their price objective on Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased 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. Finally, Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.90.

Cars.com Trading Down 3.9 %

NYSE CARS opened at $11.30 on Friday. The stock has a market cap of $721.41 million, a P/E ratio of 19.48 and a beta of 2.16. Cars.com Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $21.24. The stock has a 50 day simple moving average of $14.93 and a two-hundred day simple moving average of $16.58. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79.

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.