Engineers Gate Manager LP Buys Shares of 55,996 Cars.com Inc (CARS)
Engineers Gate Manager LP bought a new position in Cars.com Inc (NYSE:CARS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 55,996 shares of the company’s stock, valued at approximately $1,490,000. Engineers Gate Manager LP owned approximately 0.08% of Cars.com as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in CARS. BlackRock Inc. bought a new position in Cars.com during the 2nd quarter valued at approximately $213,818,000. Vanguard Group Inc. bought a new position in Cars.com during the 2nd quarter valued at approximately $167,497,000. Artisan Partners Limited Partnership bought a new position in Cars.com during the 2nd quarter valued at approximately $120,572,000. New South Capital Management Inc. bought a new position in Cars.com during the 2nd quarter valued at approximately $77,402,000. Finally, Fairpointe Capital LLC bought a new position in Cars.com during the 2nd quarter valued at approximately $72,843,000.
A number of research firms recently weighed in on CARS. B. Riley began coverage on Cars.com in a research report on Wednesday, September 27th. They set a “buy” rating and a $36.00 price objective for the company. Barrington Research raised their price objective on Cars.com from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research lowered Cars.com from a “hold” rating to a “strong sell” rating in a research report on Monday, November 13th.
Cars.com Inc (NYSE:CARS) remained flat at $$26.76 during mid-day trading on Monday. 1,247,000 shares of the company were exchanged, compared to its average volume of 1,768,395. Cars.com Inc has a 12 month low of $19.90 and a 12 month high of $29.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.43 and a current ratio of 1.43.
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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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