Knights of Columbus Asset Advisors LLC Has $4.79 Million Stake in Cars.com Inc. (NYSE:CARS)

Knights of Columbus Asset Advisors LLC increased its stake in Cars.com Inc. (NYSE:CARS) by 94.6% in the 4th quarter, Holdings Channel reports. The firm owned 252,384 shares of the company’s stock after purchasing an additional 122,665 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Cars.com were worth $4,788,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Cars.com by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 7,134,768 shares of the company’s stock worth $120,292,000 after purchasing an additional 89,194 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Cars.com by 118.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,652 shares of the company’s stock worth $31,000 after buying an additional 896 shares during the last quarter. Boston Partners lifted its holdings in shares of Cars.com by 599.5% during the third quarter. Boston Partners now owns 782,912 shares of the company’s stock worth $13,051,000 after buying an additional 670,982 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Cars.com by 138.9% in the third quarter. Teacher Retirement System of Texas now owns 51,454 shares of the company’s stock valued at $868,000 after acquiring an additional 29,913 shares during the period. Finally, Ritholtz Wealth Management grew its stake in shares of Cars.com by 12.0% in the fourth quarter. Ritholtz Wealth Management now owns 86,384 shares of the company’s stock worth $1,639,000 after acquiring an additional 9,261 shares during the last quarter. Institutional investors own 89.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a research report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Cars.com Trading Up 1.7 %

Shares of CARS opened at $16.44 on Friday. The stock has a fifty day moving average price of $17.51 and a two-hundred day moving average price of $17.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.22 and a current ratio of 1.22. Cars.com Inc. has a 52-week low of $14.82 and a 52-week high of $22.84. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 9.50 and a beta of 2.05.

Cars.com (NYSE:CARS) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07). Cars.com had a net margin of 17.19% and a return on equity of 25.78%. The company had revenue of $179.60 million during the quarter, compared to analyst estimates of $178.40 million. During the same quarter in the previous year, the business posted $0.15 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. Analysts predict that Cars.com Inc. will post 0.55 EPS for the current fiscal year.

Insider Activity at Cars.com

In other Cars.com news, insider Douglas Neal Miller sold 1,823 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $18.50, for a total transaction of $33,725.50. Following the transaction, the insider now owns 181,596 shares of the company’s stock, valued at approximately $3,359,526. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Douglas Neal Miller sold 1,823 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $18.50, for a total transaction of $33,725.50. Following the completion of the sale, the insider now owns 181,596 shares in the company, valued at $3,359,526. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Thomas Alex Vetter sold 17,666 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $19.00, for a total value of $335,654.00. Following the transaction, the chief executive officer now directly owns 568,885 shares in the company, valued at approximately $10,808,815. The disclosure for this sale can be found here. Insiders sold a total of 34,488 shares of company stock valued at $654,361 over the last quarter. Corporate insiders own 1.59% of the company’s stock.

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.