LSV Asset Management Has $2.33 Million Stock Position in Cars.com Inc. $CARS

LSV Asset Management raised its position in Cars.com Inc. (NYSE:CARS) by 83.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,000 shares of the company’s stock after acquiring an additional 86,800 shares during the period. LSV Asset Management owned about 0.32% of Cars.com worth $2,330,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CARS. Par Capital Management Inc. acquired a new position in Cars.com in the 2nd quarter valued at approximately $14,220,000. Hill Path Capital LP raised its holdings in Cars.com by 23.2% in the 3rd quarter. Hill Path Capital LP now owns 2,481,032 shares of the company’s stock valued at $30,318,000 after acquiring an additional 468,000 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in Cars.com in the 2nd quarter valued at approximately $3,776,000. JPMorgan Chase & Co. raised its holdings in Cars.com by 143.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 531,486 shares of the company’s stock valued at $6,495,000 after acquiring an additional 313,128 shares in the last quarter. Finally, Kestrel Investment Management Corp acquired a new position in Cars.com in the 4th quarter valued at approximately $3,752,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

Analysts Set New Price Targets

CARS has been the subject of several recent research reports. B. Riley Financial cut Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a report on Friday, May 8th. BTIG Research increased their target price on Cars.com from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. UBS Group increased their target price on Cars.com from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a report on Friday, February 27th. Finally, Weiss Ratings cut Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.67.

Cars.com Trading Up 1.0%

Shares of CARS opened at $9.75 on Wednesday. Cars.com Inc. has a 1 year low of $7.40 and a 1 year high of $13.97. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.98. The stock has a 50 day simple moving average of $9.70 and a 200-day simple moving average of $10.77. The stock has a market cap of $545.05 million, a PE ratio of 22.67 and a beta of 1.64.

Cars.com (NYSE:CARS) last issued its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Cars.com had a return on equity of 18.12% and a net margin of 3.73%.The company had revenue of $180.22 million during the quarter, compared to analyst estimates of $180.16 million. During the same period in the previous year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts predict that Cars.com Inc. will post 1.83 EPS for the current fiscal year.

About Cars.com

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.