AT Bancorp Purchases Shares of 6,305 Cars.com Inc (NASDAQ:CARS)
AT Bancorp purchased a new stake in Cars.com Inc (NASDAQ:CARS) during the second quarter, Holdings Channel reports. The firm purchased 6,305 shares of the company’s stock, valued at approximately $168,000.
Several other large investors also recently modified their holdings of CARS. Korea Investment CORP bought a new stake in shares of Cars.com during the second quarter valued at about $2,156,000. Bodenholm Capital AB bought a new stake in shares of Cars.com during the second quarter valued at about $21,256,000. Sei Investments Co. bought a new stake in shares of Cars.com during the second quarter valued at about $2,237,000. Texas Permanent School Fund bought a new stake in shares of Cars.com during the second quarter valued at about $1,392,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Cars.com during the second quarter valued at about $5,494,000.
Shares of Cars.com Inc (NASDAQ:CARS) opened at 24.65 on Thursday. The stock’s 50 day moving average is $25.35 and its 200 day moving average is $25.69. Cars.com Inc has a 52 week low of $22.95 and a 52 week high of $29.47. The stock has a market cap of $1.76 billion and a price-to-earnings ratio of 10.41.
Cars.com (NASDAQ:CARS) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. Cars.com had a net margin of 17.55% and a return on equity of 4.48%. The firm had revenue of $156.62 million during the quarter, compared to analysts’ expectations of $157 million. During the same period in the previous year, the company earned $0.59 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts forecast that Cars.com Inc will post $1.32 EPS for the current year.
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Several brokerages have recently issued reports on CARS. Craig Hallum began coverage on shares of Cars.com in a research note on Thursday, July 20th. They set a “hold” rating and a $25.00 price target for the company. Barrington Research began coverage on shares of Cars.com in a research note on Tuesday, June 6th. They set an “outperform” rating for the company.
Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
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