1 week Ago By Defense World Staff
Invesco Ltd. cut its holdings in shares of Cars.com Inc.
(NYSE:CARS – Free Report) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,031 shares of the company’s stock after selling 45,460 shares during the period.
Invesco Ltd. owned about 0.29% of Cars.
com worth $3,241,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently bought and sold shares of CARS. Nordea Investment Management AB increased its stake in shares of Cars.
com by 35.9% in the fourth quarter. Nordea Investment Management AB now owns 280,475 shares of the company’s stock valued at $4,939,000 after buying an additional 74,133 shares in the last quarter.
Villanova Investment Management Co LLC acquired a new stake in Cars.com in the 4th quarter valued at about $3,890,000. Integrated Quantitative Investments LLC acquired a new stake in Cars.
com in the 4th quarter valued at about $1,081,000. Smartleaf Asset Management LLC raised its stake 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 worth $29,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Vanguard Group Inc.
lifted its position in shares of Cars.com by 1.6% during the fourth quarter.
Vanguard Group Inc. now owns 7,121,007 shares of the company’s stock worth $123,407,000 after purchasing an additional 115,083 shares in the last quarter. 89.
15% of the stock is owned by institutional investors and hedge funds. Cars.com Stock PerformanceShares of CARS stock opened at $11.
83 on Monday. The stock has a market cap of $751.54 million, a PE ratio of 20.
40 and a beta of 1.92. The stock has a 50-day moving average of $12.
09 and a 200-day moving average of $15.72. The company has a debt-to-equity ratio of 0.
93, a current ratio of 1.79 and a quick ratio of 1.79.
Cars.com Inc. has a one year low of $9.
87 and a one year high of $21.24. Analyst Ratings ChangesCARS has been the topic of several research reports.
DA Davidson reduced their price objective on Cars.com from $21.00 to $14.
50 and set a “buy” rating on the stock in a report on Friday, February 28th. UBS Group cut their price target on Cars.com from $15.
00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Barrington Research reiterated an “outperform” rating and issued a $25.
00 price objective on shares of Cars.com in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co.
cut their target price 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, March 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.
50.Check Out Our Latest Stock Report on CARSAbout Cars.com (Free Report)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.Featured ArticlesFive stocks we like better than Cars.
comWhat Investors Need to Know About Upcoming IPOsTexas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery3 Healthcare Dividend Stocks to BuyO’Reilly Automotive: An Anytime Buy for Buy-and-Hold InvestorsWhat Are the FAANG Stocks and Are They Good Investments?Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2Want to see what other hedge funds are holding CARS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cars.com Inc.
(NYSE:CARS – Free Report)..
