Dynamic Technology Lab Private Ltd Buys 46,515 Shares of Cars.com Inc. (NYSE:CARS)

Dynamic Technology Lab Private Ltd boosted its position in shares of Cars.com Inc. (NYSE:CARS) by 304.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,809 shares of the company’s stock after purchasing an additional 46,515 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.10% of Cars.com worth $1,036,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Cars.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock worth $123,983,000 after purchasing an additional 81,645 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Cars.com by 62,357.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock worth $41,798,000 after buying an additional 2,489,939 shares during the last quarter. Boston Partners grew its holdings in shares of Cars.com by 25.0% in the 1st quarter. Boston Partners now owns 2,153,942 shares of the company’s stock valued at $36,972,000 after acquiring an additional 430,654 shares in the last quarter. American Century Companies Inc. increased its position in shares of Cars.com by 19.4% in the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock valued at $21,252,000 after acquiring an additional 175,094 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Cars.com by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 804,483 shares of the company’s stock worth $13,483,000 after acquiring an additional 17,501 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CARS shares. B. Riley decreased their price target on Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 9th. UBS Group raised their target price on shares of Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Cars.com Stock Up 0.2 %

CARS opened at $19.70 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock’s fifty day simple moving average is $17.02 and its 200 day simple moving average is $18.16. Cars.com Inc. has a 1-year low of $15.05 and a 1-year high of $21.24. The stock has a market cap of $1.28 billion, a PE ratio of 33.97 and a beta of 2.10.

Cars.com Profile

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.