Thrivent Financial for Lutherans Cuts Stock Position in Cars.com Inc. (NYSE:CARS)

Thrivent Financial for Lutherans lessened its holdings in Cars.com Inc. (NYSE:CARS) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,037 shares of the company’s stock after selling 1,660 shares during the period. Thrivent Financial for Lutherans’ holdings in Cars.com were worth $798,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Intech Investment Management LLC purchased a new position in shares of Cars.com during the third quarter valued at approximately $369,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Cars.com by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 804,483 shares of the company’s stock worth $13,483,000 after acquiring an additional 17,501 shares during the last quarter. FMR LLC lifted its stake in shares of Cars.com by 1.7% during the 3rd quarter. FMR LLC now owns 9,902,561 shares of the company’s stock worth $165,967,000 after acquiring an additional 162,692 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Cars.com by 8.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company’s stock valued at $244,000 after acquiring an additional 1,075 shares during the period. Finally, Paloma Partners Management Co bought a new position in Cars.com in the 3rd quarter valued at $198,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. 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. Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.90.

Cars.com Trading Up 2.6 %

Shares of Cars.com stock opened at $11.67 on Thursday. The firm has a 50-day simple moving average of $14.57 and a two-hundred day simple moving average of $16.46. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. Cars.com Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $21.24. The company has a market cap of $745.09 million, a P/E ratio of 20.12 and a beta of 2.16.

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.