University of Notre Dame DU Lac Purchases Shares of 192,296 Cars.com Inc. (CARS)

University of Notre Dame DU Lac purchased a new position in shares of Cars.com Inc. (NYSE:CARS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 192,296 shares of the company’s stock, valued at approximately $5,117,000. Cars.com accounts for approximately 1.4% of University of Notre Dame DU Lac’s investment portfolio, making the stock its 24th largest position. University of Notre Dame DU Lac owned 0.27% of Cars.com as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. First Personal Financial Services purchased a new stake in Cars.com during the 2nd quarter worth $118,000. First Mercantile Trust Co. acquired a new position in Cars.com in the 2nd quarter worth $132,000. AT Bancorp acquired a new position in Cars.com in the 2nd quarter worth $168,000. Commonwealth Bank of Australia acquired a new position in Cars.com in the 2nd quarter worth $170,000. Finally, Quantbot Technologies LP acquired a new position in Cars.com in the 2nd quarter worth $172,000.

Cars.com Inc. (NYSE:CARS) opened at $24.56 on Tuesday. Cars.com Inc. has a 1-year low of $19.90 and a 1-year high of $29.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.43 and a quick ratio of 1.43.

CARS has been the topic of a number of recent analyst reports. B. Riley initiated coverage on shares of Cars.com in a report on Monday, October 2nd. They issued a “buy” rating and a $36.00 price objective on the stock. Barrington Research boosted their price objective on shares of Cars.com from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Finally, Zacks Investment Research lowered shares of Cars.com from a “hold” rating to a “strong sell” rating in a report on Monday, November 13th.

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About Cars.com

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 (NYSE:CARS)

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