Norges Bank bought a new position in shares of Cars.com Inc. in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 936,173 shares of the company’s stock, valued at approximately $20,127,000. Norges Bank owned 1.37% of Cars.com as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Sicart Associates LLC bought a new position in Cars.com during the fourth quarter worth about $3,783,000. MetLife Investment Advisors LLC lifted its holdings in shares of Cars.com by 10.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 87,050 shares of the company’s stock valued at $2,403,000 after purchasing an additional 8,075 shares in the last quarter. Putnam Investments LLC bought a new position in shares of Cars.com during the 3rd quarter valued at about $1,972,000. KBC Group NV lifted its holdings in shares of Cars.com by 4.6% during the 4th quarter. KBC Group NV now owns 104,386 shares of the company’s stock valued at $2,244,000 after purchasing an additional 4,604 shares in the last quarter. Finally, New South Capital Management Inc. lifted its holdings in shares of Cars.com by 3.1% during the 4th quarter. New South Capital Management Inc. now owns 2,263,018 shares of the company’s stock valued at $48,655,000 after purchasing an additional 67,286 shares in the last quarter.
Shares of Cars.com stock recently opened at $20.81. The company has a market capitalization of $1.43 billion, a PE ratio of 11.43, a P/E/G ratio of 2.54 and a beta of 1.19. Cars.com Inc. has a 52 week low of $19.74 and a 52 week high of $32.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.39 and a quick ratio of 1.39.
Cars.com last posted its quarterly earnings data on February 28th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.06). The business had revenue of $164.35 million for the quarter, compared to the consensus estimate of $166.49 million. Cars.com had a net margin of 5.86% and a return on equity of 7.78%. On average, equities research analysts predict that Cars.com Inc. will post 1.64 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on CARS shares. Barrington Research reissued a “buy” rating on shares of Cars.com in a research report. BTIG Research raised Cars.com from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on January 22nd. Craig Hallum raised Cars.com from a “hold” rating to a “buy” rating and set a $25.75 price target on the stock in a research report on January 17th. DA Davidson set a $31.00 target price on Cars.com and gave the stock a “buy” rating in a research note on January 16th. Finally, Zacks Investment Research upgraded Cars.com from a “sell” rating to a “hold” rating in a research note on January 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Cars.com currently has a consensus rating of “Hold” and an average target price of $28.50.