Pacer Advisors Inc. Increases Stock Holdings in Cars.com Inc. (NYSE:CARS)

Pacer Advisors Inc. boosted its position in shares of Cars.com Inc. (NYSE:CARS) by 62,357.6% during the third quarter, Holdings Channel.com reports. The firm owned 2,493,932 shares of the company’s stock after buying an additional 2,489,939 shares during the quarter. Pacer Advisors Inc.’s holdings in Cars.com were worth $41,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CARS. Price T Rowe Associates Inc. MD raised its position in shares of Cars.com by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,013 shares of the company’s stock valued at $757,000 after buying an additional 2,692 shares during the period. American Century Companies Inc. raised its position in Cars.com by 19.4% in the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock valued at $21,252,000 after purchasing an additional 175,094 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cars.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock valued at $123,983,000 after purchasing an additional 81,645 shares during the last quarter. CWM LLC grew its holdings in shares of Cars.com by 253.2% during the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after purchasing an additional 1,575 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Cars.com during the 3rd quarter worth about $1,222,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

Cars.com Trading Up 1.0 %

NYSE CARS opened at $18.50 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 31.90 and a beta of 2.10. The firm has a 50 day simple moving average of $16.89 and a 200-day simple moving average of $18.10. Cars.com Inc. has a one year low of $15.05 and a one year high of $21.24.

Analyst Upgrades and Downgrades

CARS has been the topic of a number of recent analyst reports. B. Riley decreased their target price on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. UBS Group increased their price objective on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research note on Wednesday, November 13th.

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.