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

EntryPoint Capital LLC reduced its position in Cars.com Inc. (NYSE:CARS) by 47.2% in the 4th quarter, Holdings Channel reports. 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 SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CARS. Smartleaf Asset Management LLC boosted its holdings in shares of Cars.com by 193.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after acquiring an additional 1,079 shares during the period. Advisors Asset Management Inc. raised its position in Cars.com by 145.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock valued at $53,000 after purchasing an additional 1,864 shares during the last quarter. KBC Group NV boosted its stake in Cars.com by 68.2% during the 4th quarter. KBC Group NV now owns 3,885 shares of the company’s stock worth $67,000 after purchasing an additional 1,575 shares during the period. Parkside Financial Bank & Trust grew its position in 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. Finally, Principal Securities Inc. increased its stake 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.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CARS shares. DA Davidson dropped their price target on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, February 28th. Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cars.com has an average rating of “Moderate Buy” and an average target price of $19.90.

Cars.com Stock Performance

NYSE CARS opened at $11.30 on Friday. The stock has a market capitalization of $721.41 million, a price-to-earnings ratio of 19.48 and a beta of 2.16. The business’s 50 day moving average is $14.93 and its two-hundred day moving average is $16.58. Cars.com Inc. has a 12-month low of $10.80 and a 12-month high of $21.24. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93.

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.