Cars.com Inc. (NYSE:CARS) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC increased its position in shares of Cars.com Inc. (NYSE:CARS) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,552 shares of the company’s stock after acquiring an additional 2,078 shares during the period. Lazard Asset Management LLC’s holdings in Cars.com were worth $4,699,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Cars.com during the 1st quarter worth about $28,000. Pacer Advisors Inc. increased its holdings in Cars.com by 118.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,652 shares of the company’s stock worth $31,000 after purchasing an additional 896 shares during the period. Parkside Financial Bank & Trust increased its holdings in Cars.com by 103.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,073 shares of the company’s stock worth $39,000 after purchasing an additional 1,056 shares during the period. Wolverine Asset Management LLC increased its holdings in Cars.com by 109.1% during the 4th quarter. Wolverine Asset Management LLC now owns 3,749 shares of the company’s stock worth $71,000 after purchasing an additional 45,000 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Cars.com during the 4th quarter worth about $119,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Thomas Alex Vetter sold 17,674 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $19.23, for a total transaction of $339,871.02. Following the transaction, the chief executive officer now owns 598,934 shares in the company, valued at approximately $11,517,500.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Thomas Alex Vetter sold 17,674 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $19.23, for a total transaction of $339,871.02. Following the transaction, the chief executive officer now owns 598,934 shares in the company, valued at approximately $11,517,500.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bryan Wiener sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $20.51, for a total value of $205,100.00. Following the transaction, the director now owns 62,913 shares in the company, valued at approximately $1,290,345.63. The disclosure for this sale can be found here. Insiders have sold 101,184 shares of company stock worth $1,959,494 in the last quarter. 2.12% of the stock is owned by insiders.

Cars.com Trading Up 2.0 %

CARS opened at $20.23 on Monday. Cars.com Inc. has a one year low of $14.82 and a one year high of $22.84. The company has a market cap of $1.34 billion, a P/E ratio of 12.64 and a beta of 2.22. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.62 and a current ratio of 1.62. The business’s 50-day simple moving average is $19.47 and its 200-day simple moving average is $18.24.

Cars.com (NYSE:CARS) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The business had revenue of $180.18 million during the quarter, compared to analysts’ expectations of $179.81 million. Cars.com had a net margin of 15.34% and a return on equity of 22.28%. As a group, equities research analysts expect that Cars.com Inc. will post 1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a report on Tuesday, May 28th.

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.