Prudential Financial Inc. lowered its stake in shares of Cars.com Inc. (NYSE:CARS – Get Rating) by 29.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,386 shares of the company’s stock after selling 76,760 shares during the period. Prudential Financial Inc. owned approximately 0.28% of Cars.com worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of Cars.com by 8.7% in the 2nd quarter. FMR LLC now owns 4,283,964 shares of the company’s stock worth $40,398,000 after acquiring an additional 343,392 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Cars.com by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,505,811 shares of the company’s stock worth $50,591,000 after acquiring an additional 45,753 shares during the last quarter. State Street Corp raised its holdings in shares of Cars.com by 2.3% in the 2nd quarter. State Street Corp now owns 2,372,414 shares of the company’s stock worth $22,372,000 after acquiring an additional 53,295 shares during the last quarter. JPMorgan Chase & Co. grew its position in Cars.com by 18.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 908,599 shares of the company’s stock worth $8,569,000 after purchasing an additional 139,744 shares in the last quarter. Finally, Royce & Associates LP grew its position in Cars.com by 6.2% in the 3rd quarter. Royce & Associates LP now owns 542,092 shares of the company’s stock worth $6,234,000 after purchasing an additional 31,880 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.
Cars.com Trading Down 0.6 %
Shares of CARS stock opened at $17.32 on Wednesday. Cars.com Inc. has a 52-week low of $8.75 and a 52-week high of $17.76. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.45 and a current ratio of 1.45. The company has a 50-day simple moving average of $14.78 and a two-hundred day simple moving average of $13.49. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 1,733.73 and a beta of 1.97.
Analyst Ratings Changes
Separately, DA Davidson reduced their price objective on shares of Cars.com from $18.00 to $17.50 and set a “buy” rating for the company in a research report on Friday, November 4th.
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.
Further Reading
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