LSV Asset Management Invests $360,000 in Cars.com Inc. (NYSE:CARS)

LSV Asset Management purchased a new stake in shares of Cars.com Inc. (NYSE:CARS) during the 4th quarter, Holdings Channel reports. The fund purchased 20,800 shares of the company’s stock, valued at approximately $360,000.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Cars.com in the fourth quarter worth approximately $226,000. Capula Management Ltd purchased a new stake in Cars.com in the 4th quarter worth approximately $289,000. Renaissance Technologies LLC boosted its stake in shares of Cars.com by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 782,425 shares of the company’s stock valued at $13,559,000 after buying an additional 130,325 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Cars.com by 17.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 351,438 shares of the company’s stock valued at $6,090,000 after acquiring an additional 51,933 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Cars.com by 26.4% in the fourth quarter. Wells Fargo & Company MN now owns 39,423 shares of the company’s stock worth $683,000 after acquiring an additional 8,237 shares during the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

Cars.com Stock Up 0.1 %

CARS opened at $11.27 on Wednesday. The business has a 50 day moving average of $13.06 and a 200-day moving average of $15.97. The stock has a market capitalization of $719.24 million, a price-to-earnings ratio of 19.42 and a beta of 1.92. 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 Inc. has a 1-year low of $9.87 and a 1-year high of $21.24.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Tuesday, March 4th. UBS Group decreased their target price on shares of Cars.com from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. DA Davidson cut their price target on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.50.

About Cars.com

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.