Intrinsic Edge Capital Management LLC Sells 175,952 Shares of Cars.com Inc. $CARS

Intrinsic Edge Capital Management LLC lowered its stake in Cars.com Inc. (NYSE:CARS) by 40.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 263,748 shares of the company’s stock after selling 175,952 shares during the period. Intrinsic Edge Capital Management LLC’s holdings in Cars.com were worth $3,223,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC purchased a new stake in Cars.com during the 3rd quarter valued at $1,673,000. Villanova Investment Management Co LLC increased its position in shares of Cars.com by 36.7% in the third quarter. Villanova Investment Management Co LLC now owns 367,070 shares of the company’s stock valued at $4,486,000 after acquiring an additional 98,559 shares during the period. SG Americas Securities LLC bought a new position in shares of Cars.com during the third quarter valued at about $2,496,000. Assetmark Inc. boosted its holdings in shares of Cars.com by 53.4% during the second quarter. Assetmark Inc. now owns 57,128 shares of the company’s stock worth $677,000 after purchasing an additional 19,894 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cars.com by 89.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 859,245 shares of the company’s stock worth $10,182,000 after purchasing an additional 404,603 shares during the period. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cars.com

In other news, CFO Sonia Jain sold 11,400 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $13.45, for a total value of $153,330.00. Following the sale, the chief financial officer directly owned 243,642 shares of the company’s stock, valued at $3,276,984.90. This represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.12% of the company’s stock.

Cars.com Stock Up 2.5%

Shares of NYSE:CARS opened at $8.24 on Wednesday. Cars.com Inc. has a 52-week low of $7.73 and a 52-week high of $13.97. The firm has a market capitalization of $483.19 million, a P/E ratio of 25.75 and a beta of 1.50. The stock has a 50 day moving average price of $11.47 and a 200-day moving average price of $11.85. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.87 and a current ratio of 1.87.

Cars.com (NYSE:CARS) last released its earnings results on Thursday, February 26th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.12). The firm had revenue of $183.90 million during the quarter, compared to analysts’ expectations of $183.44 million. Cars.com had a net margin of 2.77% and a return on equity of 17.31%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. As a group, equities research analysts anticipate that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

CARS has been the topic of a number of research analyst reports. Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a report on Friday, February 27th. DA Davidson reiterated a “buy” rating and issued a $13.50 price objective on shares of Cars.com in a research report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cars.com in a research note on Tuesday, January 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $10.00 price target (down from $16.00) on shares of Cars.com in a research note on Friday, February 27th. Finally, Wall Street Zen raised shares of Cars.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.08.

About Cars.com

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.