27,200 Shares in Cars.com Inc. (NYSE:CARS) Bought by Versor Investments LP

Versor Investments LP purchased a new stake in Cars.com Inc. (NYSE:CARS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 27,200 shares of the company’s stock, valued at approximately $456,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in Cars.com in the 1st quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cars.com in the second quarter valued at approximately $38,000. CWM LLC raised its stake in Cars.com by 253.2% in the second quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after buying an additional 1,575 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Cars.com in the second quarter valued at approximately $180,000. Finally, EntryPoint Capital LLC boosted its stake in shares of Cars.com by 23.3% during the 1st quarter. EntryPoint Capital LLC now owns 10,173 shares of the company’s stock worth $175,000 after acquiring an additional 1,922 shares during the period. Institutional investors own 89.15% of the company’s stock.

Cars.com Price Performance

Shares of Cars.com stock opened at $18.70 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 32.00 and a beta of 2.10. Cars.com Inc. has a twelve month low of $15.05 and a twelve month high of $21.24. The company has a 50-day simple moving average of $16.73 and a two-hundred day simple moving average of $18.04.

Analyst Ratings Changes

CARS has been the subject of several research reports. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Cars.com in a report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, November 8th. B. Riley reduced their price objective on Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, UBS Group upped their target price on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

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.