Natixis Advisors L.P. Makes New $256,000 Investment in Cars.com Inc. (NYSE:CARS)
Natixis Advisors L.P. bought a new stake in Cars.com Inc. (NYSE:CARS – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,537 shares of the company’s stock, valued at approximately $256,000. Other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin Edwards Inc. purchased a new stake in Cars.com in the fourth quarter valued at approximately $144,000. Truist Financial Corp acquired a new position in shares of Cars.com in the 4th quarter valued at $357,000. Harvest Fund Management Co. Ltd purchased a new stake in Cars.com in the 4th quarter valued at $119,000. Wolverine Asset Management LLC boosted its stake in Cars.com by 109.1% during the 4th quarter. Wolverine Asset Management LLC now owns 3,749 shares of the company’s stock worth $71,000 after purchasing an additional 45,000 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Cars.com by 103.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,073 shares of the company’s stock worth $39,000 after purchasing an additional 1,056 shares during the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors. Cars.com Stock Performance NYSE:CARS opened at $18.47 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $17.11 and a two-hundred day moving average price of $18.00. Cars.com Inc. has a twelve month low of $14.82 and a twelve month high of $22.84. The company has a market capitalization of $1.22 billion, a P/E ratio of 11.76 and a beta of 2.05. Cars.com (NYSE:CARS – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07). Cars.com had a return on equity of 22.28% and a net margin of 15.34%. The firm had revenue of $179.60 million for the quarter, compared to analyst estimates of $178.40 million. During the same period in the prior year, the business earned $0.15 earnings per share. Cars.com’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts expect that Cars.com Inc. will post 0.55 earnings per share for the current fiscal year. Insider Transactions at Cars.com In related news, CEO Thomas Alex Vetter sold 27,625 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $19.00, for a total transaction of $524,875.00. Following the completion of the transaction, the chief executive officer now owns 659,647 shares of the company’s stock, valued at $12,533,293. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Douglas Neal Miller sold 1,823 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $18.50, for a total transaction of $33,725.50. Following the completion of the sale, the insider now owns 181,596 shares of the company’s stock, valued at approximately $3,359,526. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Alex Vetter sold 27,625 shares of Cars.com stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $19.00, for a total transaction of $524,875.00. Following the transaction, the chief executive officer now directly owns 659,647 shares in the company, valued at $12,533,293. The disclosure for this sale can be found here. Insiders own 2.12% of the company’s stock. Analyst Upgrades and Downgrades Separately, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a report on Monday, May 6th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.00. Check Out Our Latest Stock Analysis on Cars.com About Cars.com (Free Report) Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers. 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