AQR Capital Management LLC Trims Stock Position in Cars.com Inc. (NYSE:CARS)

AQR Capital Management LLC lessened its holdings in shares of Cars.com Inc. (NYSE:CARS) by 40.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,574 shares of the company’s stock after selling 11,370 shares during the period. AQR Capital Management LLC’s holdings in Cars.com were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Polar Asset Management Partners Inc. purchased a new position in Cars.com in the second quarter valued at $9,266,000. FMR LLC increased its holdings in Cars.com by 26.7% in the first quarter. FMR LLC now owns 1,052,622 shares of the company’s stock valued at $24,000,000 after buying an additional 222,027 shares in the last quarter. BlackRock Inc. increased its holdings in Cars.com by 2.8% in the second quarter. BlackRock Inc. now owns 7,800,006 shares of the company’s stock valued at $153,816,000 after buying an additional 213,141 shares in the last quarter. Sapience Investments LLC increased its holdings in Cars.com by 15.2% in the second quarter. Sapience Investments LLC now owns 1,584,645 shares of the company’s stock valued at $31,249,000 after buying an additional 209,015 shares in the last quarter. Finally, Omni Partners LLP increased its holdings in Cars.com by 43.9% in the second quarter. Omni Partners LLP now owns 422,485 shares of the company’s stock valued at $8,331,000 after buying an additional 128,959 shares in the last quarter.

A number of research analysts have weighed in on CARS shares. BTIG Research cut shares of Cars.com from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Craig Hallum raised shares of Cars.com from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Monday, September 16th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Cars.com from a “strong sell” rating to a “hold” rating in a report on Tuesday. B. Riley set a $18.00 price objective on shares of Cars.com and gave the company a “buy” rating in a report on Friday, September 13th. Finally, DA Davidson cut shares of Cars.com from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $24.31.

In related news, CFO Becky A. Sheehan bought 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $9.23 per share, for a total transaction of $46,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Alex Vetter bought 20,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $10.19 per share, for a total transaction of $203,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 58,948 shares of company stock worth $575,784. Company insiders own 0.35% of the company’s stock.

Shares of NYSE CARS opened at $10.11 on Friday. The company’s 50-day simple moving average is $9.32 and its 200-day simple moving average is $17.21. Cars.com Inc. has a 52-week low of $8.23 and a 52-week high of $28.50. The firm has a market cap of $676.14 million, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.41.

Cars.com (NYSE:CARS) last announced its earnings results on Monday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). Cars.com had a net margin of 1.59% and a return on equity of 6.51%. The company had revenue of $148.20 million during the quarter, compared to analyst estimates of $160.18 million. During the same quarter last year, the business earned $0.48 EPS. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. Equities research analysts anticipate that Cars.com Inc. will post 1.1 EPS for the current fiscal year.

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

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