Parkside Financial Bank & Trust Has $89,000 Stock Holdings in Cars.com Inc. (NYSE:CARS)

Parkside Financial Bank & Trust increased its position in shares of Cars.com Inc. (NYSE:CARS) by 41.7% during the 4th quarter, HoldingsChannel reports. The fund owned 5,155 shares of the company’s stock after purchasing an additional 1,516 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Cars.com were worth $89,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Versor Investments LP lifted its stake in shares of Cars.com by 59.3% during the fourth quarter. Versor Investments LP now owns 43,327 shares of the company’s stock valued at $751,000 after acquiring an additional 16,127 shares during the period. Truist Financial Corp increased its holdings in Cars.com by 9.0% in the fourth quarter. Truist Financial Corp now owns 53,381 shares of the company’s stock valued at $925,000 after purchasing an additional 4,387 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Cars.com by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 289,182 shares of the company’s stock valued at $5,012,000 after purchasing an additional 2,522 shares during the last quarter. Principal Securities Inc. increased its holdings in Cars.com by 22.1% in the fourth quarter. Principal Securities Inc. now owns 8,786 shares of the company’s stock valued at $152,000 after purchasing an additional 1,592 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Cars.com by 2.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company’s stock valued at $44,350,000 after purchasing an additional 65,210 shares during the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

Analysts Set New Price Targets

CARS has been the subject of a number of recent analyst reports. DA Davidson dropped their price objective on Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a report on Friday. UBS Group upped their price objective on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Cars.com from $21.00 to $17.00 and set a “neutral” rating for the company in a report on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Cars.com Stock Up 9.6 %

Shares of Cars.com stock opened at $13.19 on Monday. Cars.com Inc. has a 1 year low of $11.78 and a 1 year high of $21.24. The business has a 50-day moving average of $17.13 and a two-hundred day moving average of $17.40. The company has a market capitalization of $853.91 million, a P/E ratio of 22.74 and a beta of 2.15. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79.

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.