Public Employees Retirement System of Ohio lessened its position in shares of Cars.com Inc. (NYSE:CARS) by 12.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 304,618 shares of the company’s stock after selling 41,360 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Cars.com were worth $6,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in Cars.com in the first quarter valued at about $63,000. Altshuler Shaham Ltd acquired a new stake in Cars.com during the second quarter valued at approximately $105,000. DekaBank Deutsche Girozentrale acquired a new stake in Cars.com during the second quarter valued at approximately $180,000. CHICAGO TRUST Co NA acquired a new stake in Cars.com during the second quarter valued at approximately $200,000. Finally, Meridian Investment Counsel Inc. bought a new stake in shares of Cars.com in the 1st quarter valued at approximately $207,000.

In related news, insider James F. Rogers acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $9.99 per share, with a total value of $99,900.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Alex Vetter acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $10.19 per share, for a total transaction of $203,800.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 47,948 shares of company stock valued at $470,404 over the last ninety days. Insiders own 0.04% of the company’s stock.

CARS has been the subject of several analyst reports. BTIG Research downgraded Cars.com from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Barrington Research cut Cars.com from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. B. Riley dropped their price objective on Cars.com from $31.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Citigroup reiterated a “buy” rating and set a $19.00 price objective (down from $27.00) on shares of Cars.com in a research note on Tuesday, August 6th. Finally, Zacks Investment Research cut Cars.com from a “hold” rating to a “strong sell” rating in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $24.31.

Cars.com stock traded up $0.30 during trading hours on Wednesday, hitting $9.58. 36,289 shares of the stock were exchanged, compared to its average volume of 1,411,386. The stock has a market capitalization of $596.05 million, a P/E ratio of 5.26, a P/E/G ratio of 1.34 and a beta of 1.01. The business’s 50-day moving average is $11.80 and its two-hundred day moving average is $19.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.00. Cars.com Inc. has a 12 month low of $8.23 and a 12 month high of $28.50.

Cars.com (NYSE:CARS) last posted its earnings results on Monday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). The firm had revenue of $148.20 million during the quarter, compared to the consensus estimate of $160.18 million. Cars.com had a net margin of 1.59% and a return on equity of 6.51%. The business’s revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. On average, equities analysts predict that Cars.com Inc. will post 1.34 earnings per share for the current fiscal year.

Cars.com Profile

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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Institutional Ownership by Quarter for Cars.com (NYSE:CARS)

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