Royce & Associates LP Has $7.46 Million Position in Cars.com Inc. (NYSE:CARS)

Royce & Associates LP cut its holdings in shares of Cars.com Inc. (NYSE:CARS) by 31.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,391 shares of the company’s stock after selling 195,101 shares during the quarter. Royce & Associates LP owned approximately 0.66% of Cars.com worth $7,459,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. BNP Paribas Financial Markets increased its position in shares of Cars.com by 8.0% in the third quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company’s stock valued at $244,000 after acquiring an additional 1,075 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock worth $29,000 after purchasing an additional 1,079 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Cars.com by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock worth $89,000 after purchasing an additional 1,516 shares during the last quarter. KBC Group NV boosted its holdings 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 valued at $67,000 after buying an additional 1,575 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Cars.com by 22.1% in the 4th 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 last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CARS. JPMorgan Chase & Co. lowered their target price on shares of Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. DA Davidson lowered their price objective on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.50.

Cars.com Price Performance

NYSE:CARS opened at $11.30 on Wednesday. The company has a market cap of $721.15 million, a P/E ratio of 19.47 and a beta of 2.16. The firm’s fifty day moving average price is $15.80 and its two-hundred day moving average price is $16.89. Cars.com Inc. has a one year low of $10.71 and a one year high of $21.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79.

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.