Sapience Investments LLC grew its position in Cars.com Inc (NYSE:CARS) by 32.4% in the fourth quarter, Holdings Channel reports. The fund owned 519,420 shares of the company’s stock after buying an additional 127,240 shares during the quarter. Cars.com comprises 2.0% of Sapience Investments LLC’s portfolio, making the stock its 14th biggest position. Sapience Investments LLC’s holdings in Cars.com were worth $14,980,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. ING Groep NV raised its stake in shares of Cars.com by 23.2% in the fourth quarter. ING Groep NV now owns 10,800 shares of the company’s stock valued at $311,000 after acquiring an additional 2,034 shares during the last quarter. Ameriprise Financial Inc. raised its position in Cars.com by 1.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 225,089 shares of the company’s stock worth $5,989,000 after purchasing an additional 2,339 shares during the last quarter. Geode Capital Management LLC raised its position in Cars.com by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 580,154 shares of the company’s stock worth $16,731,000 after purchasing an additional 3,020 shares during the last quarter. FNY Partners Fund LP raised its position in Cars.com by 17.0% in the 3rd quarter. FNY Partners Fund LP now owns 23,857 shares of the company’s stock worth $634,000 after purchasing an additional 3,470 shares during the last quarter. Finally, First Mercantile Trust Co. bought a new position in Cars.com in the 4th quarter worth approximately $105,000.
Cars.com Inc (CARS) opened at $29.78 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.33. Cars.com Inc has a 1 year low of $19.90 and a 1 year high of $32.28.
Several research firms recently weighed in on CARS. Barrington Research restated a “buy” rating on shares of Cars.com in a research report on Friday, March 2nd. Zacks Investment Research upgraded shares of Cars.com from a “sell” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Tuesday, January 9th. ValuEngine cut shares of Cars.com from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, B. Riley restated a “buy” rating and issued a $36.00 price objective on shares of Cars.com in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $34.88.
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Cars.com Company Profile
Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
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