Parkside Financial Bank & Trust Purchases 1,516 Shares of Cars.com Inc. (NYSE:CARS)

Parkside Financial Bank & Trust increased its position in shares of Cars.com Inc. (NYSE:CARS) by 41.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,155 shares of the company’s stock after purchasing an additional 1,516 shares during the period. Parkside Financial Bank & Trust’s holdings in Cars.com were worth $89,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Versor Investments LP boosted its stake in Cars.com by 59.3% in the 4th quarter. Versor Investments LP now owns 43,327 shares of the company’s stock valued at $751,000 after buying an additional 16,127 shares in the last quarter. Truist Financial Corp boosted its stake in Cars.com by 9.0% in the 4th quarter. Truist Financial Corp now owns 53,381 shares of the company’s stock valued at $925,000 after buying an additional 4,387 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Cars.com by 0.9% in the 4th quarter. Principal Financial Group Inc. now owns 289,182 shares of the company’s stock valued at $5,012,000 after buying an additional 2,522 shares in the last quarter. Principal Securities Inc. boosted its stake in Cars.com by 22.1% in the 4th quarter. Principal Securities Inc. now owns 8,786 shares of the company’s stock valued at $152,000 after buying an additional 1,592 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Cars.com by 2.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company’s stock valued at $44,350,000 after buying an additional 65,210 shares in the last quarter. 89.15% of the stock is currently owned by institutional investors.

Cars.com Price Performance

Cars.com stock opened at $13.19 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $853.91 million, a P/E ratio of 22.74 and a beta of 2.15. The business’s fifty day moving average is $17.13 and its two-hundred day moving average is $17.40. Cars.com Inc. has a 52 week low of $11.78 and a 52 week high of $21.24.

Wall Street Analyst Weigh In

Several analysts recently commented on CARS shares. UBS Group boosted their price target on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. decreased their price target on Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research note on Monday, February 24th. Finally, DA Davidson reduced their price objective on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.50.

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.