68,239 Shares in Cars.com Inc (CARS) Purchased by Axa

Axa purchased a new position in shares of Cars.com Inc (NASDAQ:CARS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,239 shares of the company’s stock, valued at approximately $1,817,000. Axa owned approximately 0.10% of Cars.com as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. First Personal Financial Services purchased a new stake in Cars.com during the second quarter worth $118,000. First Mercantile Trust Co. purchased a new stake in Cars.com during the second quarter worth $132,000. AT Bancorp purchased a new stake in Cars.com during the second quarter worth $168,000. Commonwealth Bank of Australia purchased a new stake in Cars.com during the second quarter worth $170,000. Finally, ING Groep NV purchased a new stake in Cars.com during the second quarter worth $239,000.

A number of brokerages recently issued reports on CARS. Craig Hallum began coverage on shares of Cars.com in a report on Thursday, July 20th. They set a “hold” rating and a $25.00 price target on the stock. Barrington Research began coverage on shares of Cars.com in a report on Tuesday, June 6th. They set an “outperform” rating on the stock.

WARNING: This piece was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/09/21/68239-shares-in-cars-com-inc-cars-purchased-by-axa.html.

Cars.com Inc (NASDAQ:CARS) opened at 25.87 on Thursday. The stock has a market capitalization of $1.85 billion and a P/E ratio of 12.17. Cars.com Inc has a 12-month low of $19.90 and a 12-month high of $29.47. The firm’s 50-day moving average is $25.48 and its 200 day moving average is $25.70.

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

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 (NASDAQ:CARS)

Receive News & Ratings for Cars.com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply