Great West Life Assurance Co. Can Sells 34,005 Shares of Cars.com Inc. (NYSE:CARS)

Great West Life Assurance Co. Can decreased its position in Cars.com Inc. (NYSE:CARS) by 89.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,809 shares of the company’s stock after selling 34,005 shares during the period. Great West Life Assurance Co. Can’s holdings in Cars.com were worth $34,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pension Partners LLC bought a new position in Cars.com in the second quarter valued at about $197,000. Sicart Associates LLC boosted its holdings in Cars.com by 42.8% in the second quarter. Sicart Associates LLC now owns 253,220 shares of the company’s stock valued at $4,993,000 after acquiring an additional 75,890 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Cars.com in the second quarter valued at about $180,000. JPMorgan Chase & Co. lifted its stake in Cars.com by 22.8% in the second quarter. JPMorgan Chase & Co. now owns 502,838 shares of the company’s stock valued at $9,971,000 after buying an additional 93,245 shares during the period. Finally, AlphaOne Investment Services LLC lifted its stake in Cars.com by 627.8% in the second quarter. AlphaOne Investment Services LLC now owns 20,539 shares of the company’s stock valued at $405,000 after buying an additional 17,717 shares during the period.

Several equities analysts have weighed in on CARS shares. DA Davidson lowered Cars.com from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 6th. BTIG Research lowered Cars.com from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. TheStreet lowered Cars.com from a “c” rating to a “d” rating in a research note on Monday, August 5th. Barrington Research raised Cars.com from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Finally, Zacks Investment Research raised Cars.com from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.31.

NYSE CARS opened at $12.59 on Friday. The firm has a market cap of $840.84 million, a P/E ratio of 6.92, a P/E/G ratio of 2.15 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s 50-day moving average is $10.33 and its 200-day moving average is $15.67. Cars.com Inc. has a one year low of $8.23 and a one year high of $28.50.

Cars.com (NYSE:CARS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. The company had revenue of $152.10 million for the quarter, compared to analyst estimates of $150.23 million. Cars.com had a return on equity of 6.51% and a net margin of 1.59%. Cars.com’s revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. Equities analysts anticipate that Cars.com Inc. will post 1.1 EPS for the current year.

In other Cars.com news, CEO Thomas Alex Vetter purchased 11,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $9.58 per share, with a total value of $105,380.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.

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

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