Vestcor Inc Makes New $156,000 Investment in Cars.com Inc. (NYSE:CARS)

Vestcor Inc acquired a new position in shares of Cars.com Inc. (NYSE:CARS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,995 shares of the company’s stock, valued at approximately $156,000.

A number of other hedge funds have also recently bought and sold shares of CARS. Victory Capital Management Inc. boosted its holdings in Cars.com by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock worth $777,000 after acquiring an additional 26,276 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Cars.com by 145.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after buying an additional 1,864 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Cars.com in the 3rd quarter worth about $369,000. Pacer Advisors Inc. boosted its holdings in shares of Cars.com by 62,357.6% in the 3rd quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock worth $41,798,000 after buying an additional 2,489,939 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Cars.com by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 804,483 shares of the company’s stock worth $13,483,000 after buying an additional 17,501 shares during the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CARS has been the topic of a number of research analyst reports. DA Davidson cut their price target on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. cut their price target on shares of Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Finally, Barrington Research reissued an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.50.

Cars.com Price Performance

NYSE CARS opened at $11.30 on Wednesday. The company has a market cap of $721.15 million, a PE ratio of 19.47 and a beta of 2.16. Cars.com Inc. has a 52 week low of $11.01 and a 52 week high of $21.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm’s 50-day simple moving average is $15.80 and its two-hundred day simple moving average is $16.89.

About Cars.com

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.