Cars.com Inc. (CARS) is Sapience Investments LLC’s 3rd Largest Position
Sapience Investments LLC lifted its stake in Cars.com Inc. (NYSE:CARS) by 55.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 815,210 shares of the company’s stock after purchasing an additional 291,390 shares during the period. Cars.com accounts for approximately 3.1% of Sapience Investments LLC’s holdings, making the stock its 3rd largest position. Sapience Investments LLC owned about 1.17% of Cars.com worth $23,144,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Pelorus Jack Capital L.P. purchased a new stake in Cars.com in the 1st quarter worth $6,134,000. Citigroup Inc. increased its stake in Cars.com by 262.0% in the 1st quarter. Citigroup Inc. now owns 106,971 shares of the company’s stock worth $3,030,000 after buying an additional 77,421 shares in the last quarter. AMG Funds LLC increased its stake in Cars.com by 9.3% in the 2nd quarter. AMG Funds LLC now owns 57,179 shares of the company’s stock worth $1,623,000 after buying an additional 4,846 shares in the last quarter. Fiduciary Management Inc. WI increased its stake in Cars.com by 19.3% in the 1st quarter. Fiduciary Management Inc. WI now owns 1,905,423 shares of the company’s stock worth $53,981,000 after buying an additional 307,643 shares in the last quarter. Finally, Natixis Advisors L.P. increased its stake in Cars.com by 256.8% in the 1st quarter. Natixis Advisors L.P. now owns 43,386 shares of the company’s stock worth $1,229,000 after buying an additional 31,226 shares in the last quarter.
A number of equities research analysts have issued reports on the company. ValuEngine lowered Cars.com from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Zacks Investment Research upgraded Cars.com from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Benchmark reiterated a “hold” rating on shares of Cars.com in a research note on Thursday, August 9th. Barrington Research reiterated a “buy” rating on shares of Cars.com in a research note on Monday, August 6th. Finally, DA Davidson set a $34.00 price target on Cars.com and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $37.13.
Cars.com (NYSE:CARS) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.39). Cars.com had a net margin of 28.90% and a return on equity of 7.78%. The company had revenue of $168.50 million for the quarter, compared to the consensus estimate of $171.75 million. During the same period last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts expect that Cars.com Inc. will post 1.99 earnings per share for the current year.
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.
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