Cars.com Inc. (NYSE:CARS) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC reduced its position in shares of Cars.com Inc. (NYSE:CARS) by 47.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,862 shares of the company’s stock after selling 13,297 shares during the period. EntryPoint Capital LLC’s holdings in Cars.com were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CARS. Smartleaf Asset Management LLC increased its stake in 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 buying an additional 1,079 shares during the period. Advisors Asset Management Inc. increased its position in shares of Cars.com by 145.2% during the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after acquiring an additional 1,864 shares during the period. KBC Group NV raised its stake in shares of Cars.com by 68.2% in the fourth quarter. KBC Group NV now owns 3,885 shares of the company’s stock valued at $67,000 after acquiring an additional 1,575 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Cars.com by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company’s stock valued at $89,000 after purchasing an additional 1,516 shares during the period. Finally, Principal Securities Inc. boosted its holdings in Cars.com by 22.1% in the fourth quarter. Principal Securities Inc. now owns 8,786 shares of the company’s stock valued at $152,000 after purchasing an additional 1,592 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CARS has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday. DA Davidson reduced their target price on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Barrington Research reiterated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cars.com has a consensus rating of “Moderate Buy” and an average price target of $19.90.

Cars.com Stock Performance

Shares of CARS opened at $11.30 on Friday. The stock has a 50 day moving average price of $14.93 and a 200 day moving average price of $16.58. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $721.41 million, a price-to-earnings ratio of 19.48 and a beta of 2.16. Cars.com Inc. has a 52-week low of $10.80 and a 52-week high of $21.24.

Cars.com Company 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.