UBS Group AG Cuts Position in Cars.com Inc. $CARS

UBS Group AG cut its stake in Cars.com Inc. (NYSE:CARS) by 15.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 289,462 shares of the company’s stock after selling 53,638 shares during the quarter. UBS Group AG owned about 0.48% of Cars.com worth $3,531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in shares of Cars.com by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $83,000 after acquiring an additional 1,623 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Cars.com by 436.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after acquiring an additional 6,475 shares during the period. Virtus Advisers LLC purchased a new position in shares of Cars.com in the 3rd quarter valued at $100,000. State of Wyoming purchased a new position in shares of Cars.com in the 2nd quarter valued at $115,000. Finally, AXA S.A. purchased a new position in shares of Cars.com in the 2nd quarter valued at $126,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Cars.com Stock Up 0.1%

Shares of CARS stock opened at $9.66 on Monday. Cars.com Inc. has a 1-year low of $7.40 and a 1-year high of $13.97. The stock’s fifty day moving average price is $9.62 and its 200 day moving average price is $10.78. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.87 and a quick ratio of 1.87. The company has a market cap of $540.22 million, a price-to-earnings ratio of 22.47 and a beta of 1.64.

Cars.com (NYSE:CARS) last announced its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Cars.com had a return on equity of 18.12% and a net margin of 3.73%.The business had revenue of $180.22 million for the quarter, compared to analysts’ expectations of $180.16 million. During the same quarter last year, the firm earned $0.37 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts expect that Cars.com Inc. will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CARS shares. B. Riley Financial downgraded Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a report on Friday, May 8th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a report on Friday, February 27th. JPMorgan Chase & Co. lifted their price target on Cars.com from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, May 8th. UBS Group lifted their price target on Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings downgraded Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.67.

Cars.com Profile

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.