Fairpointe Capital LLC cut its holdings in shares of Cars.com Inc. (NYSE:CARS) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,970,129 shares of the company’s stock after selling 33,609 shares during the quarter. Cars.com comprises 2.6% of Fairpointe Capital LLC’s investment portfolio, making the stock its 14th biggest position. Fairpointe Capital LLC owned about 5.69% of Cars.com worth $112,712,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sapience Investments LLC raised its stake in Cars.com by 55.6% during the second quarter. Sapience Investments LLC now owns 815,210 shares of the company’s stock worth $23,144,000 after purchasing an additional 291,390 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Cars.com by 4.6% during the second quarter. Metropolitan Life Insurance Co. NY now owns 42,198 shares of the company’s stock worth $1,198,000 after purchasing an additional 1,846 shares during the period. Macquarie Group Ltd. raised its stake in Cars.com by 3.3% during the second quarter. Macquarie Group Ltd. now owns 842,095 shares of the company’s stock worth $23,907,000 after purchasing an additional 26,530 shares during the period. Bank of America Corp DE raised its stake in Cars.com by 129.9% during the second quarter. Bank of America Corp DE now owns 431,519 shares of the company’s stock worth $12,251,000 after purchasing an additional 243,813 shares during the period. Finally, Raymond James & Associates raised its stake in Cars.com by 15.0% during the second quarter. Raymond James & Associates now owns 279,579 shares of the company’s stock worth $7,937,000 after purchasing an additional 36,555 shares during the period.
A number of equities research analysts have recently issued reports on CARS shares. DA Davidson set a $34.00 price target on shares of Cars.com and gave the company a “buy” rating in a research note on Wednesday, May 30th. ValuEngine downgraded shares of Cars.com from a “hold” rating to a “sell” rating in a research note on Tuesday, June 5th. Zacks Investment Research downgraded shares of Cars.com from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 5th. Barrington Research reissued a “buy” rating on shares of Cars.com in a research note on Monday, August 6th. Finally, Benchmark reissued a “hold” rating on shares of Cars.com in a research note on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $37.13.
Cars.com stock opened at $26.01 on Monday. The company has a market capitalization of $1.86 billion, a PE ratio of 11.41, a P/E/G ratio of 2.68 and a beta of -0.17. Cars.com Inc. has a 1 year low of $20.94 and a 1 year high of $32.94. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.43.
Cars.com (NYSE:CARS) last announced its earnings results on Wednesday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.39). Cars.com had a return on equity of 7.78% and a net margin of 28.90%. The business had revenue of $168.50 million for the quarter, compared to analysts’ expectations of $171.75 million. During the same period in the previous year, the company earned $0.35 earnings per share. Cars.com’s quarterly revenue was up 7.6% on a year-over-year basis. research analysts forecast that Cars.com Inc. will post 1.99 EPS for the current year.
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.
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