Janus Henderson Group PLC bought a new stake in Cars.com Inc. (NYSE:CARS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,987 shares of the company’s stock, valued at approximately $312,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Cars.com by 9.2% in the second quarter. Bank of New York Mellon Corp now owns 1,001,230 shares of the company’s stock valued at $28,426,000 after acquiring an additional 84,507 shares in the last quarter. AMG Funds LLC lifted its position in shares of Cars.com by 9.3% in the second quarter. AMG Funds LLC now owns 57,179 shares of the company’s stock valued at $1,623,000 after acquiring an additional 4,846 shares in the last quarter. Pelorus Jack Capital L.P. acquired a new stake in shares of Cars.com in the first quarter valued at approximately $6,134,000. Citigroup Inc. increased its holdings in shares of Cars.com by 262.0% in the first quarter. Citigroup Inc. now owns 106,971 shares of the company’s stock valued at $3,030,000 after purchasing an additional 77,421 shares during the last quarter. Finally, Fiduciary Management Inc. WI increased its holdings in shares of Cars.com by 19.3% in the first quarter. Fiduciary Management Inc. WI now owns 1,905,423 shares of the company’s stock valued at $53,981,000 after purchasing an additional 307,643 shares during the last quarter.
NYSE:CARS opened at $26.75 on Tuesday. Cars.com Inc. has a one year low of $20.94 and a one year high of $32.94. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.85 billion, a P/E ratio of 11.75, a P/E/G ratio of 2.66 and a beta of -0.16.
Several equities research analysts recently commented on the company. ValuEngine cut Cars.com from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Benchmark reaffirmed a “hold” rating on shares of Cars.com in a report on Thursday, August 9th. Barrington Research reaffirmed a “buy” rating on shares of Cars.com in a report on Monday, August 6th. Zacks Investment Research cut Cars.com from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Finally, DA Davidson set a $34.00 price target on Cars.com and gave the company a “buy” rating in a report on Wednesday, May 30th. 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 stock. Cars.com currently has a consensus rating of “Hold” and a consensus target price of $37.13.
Cars.com Company Profile
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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