SG Americas Securities LLC Invests $2.50 Million in Cars.com Inc. $CARS

SG Americas Securities LLC bought a new position in Cars.com Inc. (NYSE:CARS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 204,276 shares of the company’s stock, valued at approximately $2,496,000. SG Americas Securities LLC owned about 0.33% of Cars.com as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CARS. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Cars.com by 2.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,069 shares of the company’s stock valued at $487,000 after purchasing an additional 794 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Cars.com by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,898 shares of the company’s stock worth $72,000 after buying an additional 1,279 shares during the period. State of Alaska Department of Revenue boosted its holdings in Cars.com by 4.4% in the second quarter. State of Alaska Department of Revenue now owns 34,468 shares of the company’s stock valued at $408,000 after acquiring an additional 1,466 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Cars.com by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $83,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Inspire Investing LLC grew its position in Cars.com by 6.7% during the second quarter. Inspire Investing LLC now owns 32,569 shares of the company’s stock valued at $386,000 after acquiring an additional 2,050 shares during the period. Institutional investors and hedge funds own 89.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CARS has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Cars.com from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cars.com in a research note on Thursday, October 30th. Zacks Research lowered shares of Cars.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, UBS Group lifted their target price on shares of Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.70.

Cars.com Trading Down 1.8%

CARS opened at $12.19 on Wednesday. The firm’s 50 day moving average is $12.08 and its 200-day moving average is $12.24. Cars.com Inc. has a 52-week low of $9.56 and a 52-week high of $19.00. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $728.96 million, a P/E ratio of 26.50 and a beta of 1.45.

Cars.com (NYSE:CARS) last announced its earnings results on Thursday, November 6th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). Cars.com had a net margin of 4.16% and a return on equity of 18.32%. The firm had revenue of $181.57 million during the quarter, compared to analysts’ expectations of $181.37 million. During the same quarter last year, the company posted $0.41 earnings per share. Cars.com’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts expect that Cars.com Inc. will post 1.19 EPS for the current fiscal year.

Insider Activity

In other news, insider Matthew B. Crawford sold 27,358 shares of Cars.com stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $12.03, for a total transaction of $329,116.74. Following the sale, the insider directly owned 71,103 shares of the company’s stock, valued at approximately $855,369.09. The trade was a 27.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sonia Jain sold 11,400 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $13.45, for a total value of $153,330.00. Following the completion of the transaction, the chief financial officer owned 243,642 shares in the company, valued at approximately $3,276,984.90. This trade represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.12% of the stock is owned by company insiders.

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.