Villanova Investment Management Co LLC Buys Shares of 224,464 Cars.com Inc. (NYSE:CARS)

Villanova Investment Management Co LLC purchased a new position in Cars.com Inc. (NYSE:CARS) during the fourth quarter, HoldingsChannel reports. The firm purchased 224,464 shares of the company’s stock, valued at approximately $3,890,000. Cars.com makes up about 3.5% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 4th largest position.

Several other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in Cars.com by 193.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after acquiring an additional 1,079 shares during the period. KBC Group NV lifted its stake 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 worth $67,000 after purchasing an additional 1,575 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Cars.com by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock worth $89,000 after buying an additional 1,516 shares during the last quarter. Principal Securities Inc. grew its position in Cars.com by 22.1% during the fourth 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 during the period. Finally, Vestcor Inc purchased a new stake in Cars.com during the fourth quarter valued at approximately $156,000. Institutional investors own 89.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. DA Davidson cut 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 report on Friday, February 28th. Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of Cars.com in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.90.

Cars.com Trading Up 0.1 %

Shares of Cars.com stock opened at $11.31 on Tuesday. Cars.com Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $21.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $722.11 million, a P/E ratio of 19.50 and a beta of 2.16. The company has a fifty day moving average of $14.81 and a 200 day moving average of $16.53.

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.