Dynamic Technology Lab Private Ltd Purchases 46,515 Shares of Cars.com Inc. (NYSE:CARS)

Dynamic Technology Lab Private Ltd lifted its position in shares of Cars.com Inc. (NYSE:CARS) by 304.1% during the third quarter, Holdings Channel.com reports. The firm owned 61,809 shares of the company’s stock after buying an additional 46,515 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Cars.com were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Cars.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock worth $123,983,000 after purchasing an additional 81,645 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Cars.com by 5.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 84,962 shares of the company’s stock valued at $1,459,000 after buying an additional 4,310 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Cars.com by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,013 shares of the company’s stock valued at $757,000 after purchasing an additional 2,692 shares in the last quarter. Hancock Whitney Corp bought a new stake in Cars.com during the first quarter worth $184,000. Finally, Boston Partners lifted its stake in Cars.com by 25.0% during the first quarter. Boston Partners now owns 2,153,942 shares of the company’s stock worth $36,972,000 after purchasing an additional 430,654 shares during the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

Cars.com Stock Performance

NYSE:CARS opened at $19.70 on Thursday. The stock’s 50-day moving average is $17.02 and its 200-day moving average is $18.16. Cars.com Inc. has a 1-year low of $15.05 and a 1-year 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. The stock has a market cap of $1.28 billion, a P/E ratio of 33.97 and a beta of 2.10.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CARS. UBS Group upped their price objective on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. B. Riley dropped their target price on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. upped their price objective on shares of Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Wednesday, November 13th.

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.