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

Royce & Associates LP decreased its position in shares of Cars.com Inc. (NYSE:CARS) by 31.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 430,391 shares of the company’s stock after selling 195,101 shares during the quarter. Royce & Associates LP’s holdings in Cars.com were worth $7,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in Cars.com by 35.9% during the fourth quarter. Nordea Investment Management AB now owns 280,475 shares of the company’s stock worth $4,939,000 after acquiring an additional 74,133 shares during the period. Victory Capital Management Inc. grew its position in shares of Cars.com by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock worth $777,000 after purchasing an additional 26,276 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Cars.com by 193.0% during the fourth 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 period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Cars.com by 60.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company’s stock valued at $316,000 after buying an additional 6,855 shares during the period. Finally, FMR LLC boosted its stake in shares of Cars.com by 1.7% in the third quarter. FMR LLC now owns 9,902,561 shares of the company’s stock valued at $165,967,000 after buying an additional 162,692 shares during the period. Institutional investors own 89.15% of the company’s stock.

Cars.com Trading Down 2.4 %

Shares of CARS opened at $11.30 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. Cars.com Inc. has a 52-week low of $10.71 and a 52-week high of $21.24. The firm has a market cap of $721.15 million, a price-to-earnings ratio of 19.47 and a beta of 2.16. The business’s fifty day moving average is $15.80 and its 200-day moving average is $16.89.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a report on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price target on Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Finally, DA Davidson cut their price objective on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

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.