TIAA CREF Investment Management LLC Purchases New Position in Cars.com Inc (NASDAQ:CARS)

TIAA CREF Investment Management LLC purchased a new position in shares of Cars.com Inc (NASDAQ:CARS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 195,004 shares of the company’s stock, valued at approximately $5,193,000. TIAA CREF Investment Management LLC owned 0.27% of Cars.com as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. New South Capital Management Inc. acquired a new stake in Cars.com in the 2nd quarter valued at about $77,402,000. LSV Asset Management acquired a new stake in Cars.com in the 2nd quarter valued at about $41,943,000. Smead Capital Management Inc. acquired a new stake in shares of Cars.com during the 2nd quarter worth about $31,485,000. Pinnacle Associates Ltd. acquired a new stake in shares of Cars.com during the 2nd quarter worth about $31,061,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Cars.com during the 2nd quarter worth about $25,141,000.

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Cars.com Inc (NASDAQ:CARS) opened at 24.55 on Friday. Cars.com Inc has a 12-month low of $22.95 and a 12-month high of $29.47. The company has a 50-day moving average of $26.69 and a 200 day moving average of $25.95. The stock has a market cap of $1.76 billion and a price-to-earnings ratio of 11.55.

Cars.com (NASDAQ:CARS) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.40. The business had revenue of $156.62 million during the quarter, compared to analysts’ expectations of $157.00 million. Cars.com had a return on equity of 5.13% and a net margin of 15.84%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. Equities analysts anticipate that Cars.com Inc will post $1.35 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. B. Riley assumed coverage on shares of Cars.com in a research note on Wednesday, September 27th. They set a “buy” rating and a $36.00 price target on the stock. Craig Hallum assumed coverage on shares of Cars.com in a report on Thursday, July 20th. They set a “hold” rating and a $25.00 price objective on the stock.

Cars.com Company Profile

Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.

Institutional Ownership by Quarter for Cars.com (NASDAQ:CARS)

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