S. Muoio & CO. LLC Invests $5.22 Million in Cars.com Inc (CARS)
S. Muoio & CO. LLC bought a new stake in shares of Cars.com Inc (NASDAQ:CARS) during the second quarter, Holdings Channel reports. The institutional investor bought 195,876 shares of the company’s stock, valued at approximately $5,216,000. Cars.com makes up approximately 2.5% of S. Muoio & CO. LLC’s portfolio, making the stock its 10th largest position.
Several other institutional investors also recently added to or reduced their stakes in the stock. Regentatlantic Capital LLC acquired a new position in shares of Cars.com during the second quarter valued at approximately $557,000. Russell Investments Group Ltd. acquired a new position in shares of Cars.com during the second quarter valued at approximately $4,787,000. Acadian Asset Management LLC acquired a new position in shares of Cars.com during the second quarter valued at approximately $6,405,000. ING Groep NV acquired a new position in shares of Cars.com during the second quarter valued at approximately $239,000. Finally, Strs Ohio acquired a new position in shares of Cars.com during the second quarter valued at approximately $585,000.
Cars.com Inc (NASDAQ CARS) opened at 24.74 on Tuesday. The firm has a 50-day moving average price of $25.11 and a 200 day moving average price of $25.63. Cars.com Inc has a 12 month low of $19.90 and a 12 month high of $29.47. The company has a market cap of $1.77 billion and a P/E ratio of 11.64.
Cars.com (NASDAQ:CARS) last posted its earnings results on Wednesday, August 9th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.40. The company had revenue of $156.62 million during the quarter, compared to analysts’ expectations of $157 million. Cars.com had a return on equity of 4.48% and a net margin of 17.55%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. Equities research analysts predict that Cars.com Inc will post $1.32 EPS for the current year.
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Several equities analysts have commented on CARS shares. Barrington Research started coverage on Cars.com in a research report on Tuesday, June 6th. They issued an “outperform” rating on the stock. Craig Hallum started coverage on Cars.com in a research report on Thursday, July 20th. They issued a “hold” rating and a $25.00 price objective on the stock.
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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