Employees Retirement System of Texas Invests $2.28 Million in Cars.com Inc (CARS)

Employees Retirement System of Texas bought a new position in shares of Cars.com Inc (NASDAQ:CARS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 85,666 shares of the company’s stock, valued at approximately $2,281,000. Employees Retirement System of Texas owned about 0.12% of Cars.com as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Cars.com during the second quarter worth $213,818,000. Vanguard Group Inc. bought a new stake in Cars.com in the second quarter valued at about $167,497,000. Artisan Partners Limited Partnership bought a new stake in Cars.com in the second quarter valued at about $120,572,000. New South Capital Management Inc. bought a new stake in Cars.com in the second quarter valued at about $77,402,000. Finally, Abrams Capital Management L.P. bought a new stake in Cars.com in the second quarter valued at about $66,575,000.

TRADEMARK VIOLATION NOTICE: “Employees Retirement System of Texas Invests $2.28 Million in Cars.com Inc (CARS)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/employees-retirement-system-of-texas-invests-2-28-million-in-cars-com-inc-cars.html.

A number of research firms recently commented on CARS. B. Riley began coverage on Cars.com in a report on Monday, October 2nd. They issued a “buy” rating and a $36.00 price objective for the company. Craig Hallum began coverage on Cars.com in a report on Thursday, July 20th. They issued a “hold” rating and a $25.00 price objective for the company.

Shares of Cars.com Inc (NASDAQ CARS) opened at 27.52 on Wednesday. Cars.com Inc has a 12-month low of $19.90 and a 12-month high of $29.47. The company has a market cap of $1.97 billion and a P/E ratio of 12.94. The company has a 50-day moving average price of $26.51 and a 200-day moving average price of $25.92.

Cars.com (NASDAQ:CARS) last announced its earnings results on Wednesday, August 9th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.40. The firm had revenue of $156.62 million for the quarter, compared to the consensus estimate of $157.00 million. Cars.com had a return on equity of 5.13% and a net margin of 15.84%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. On average, analysts predict that Cars.com Inc will post $1.35 earnings per share for the current year.

About Cars.com

Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription a

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Cars.com during the second quarter worth $213,818,000. Vanguard Group Inc. bought a new stake in Cars.com in the second quarter valued at about $167,497,000. Artisan Partners Limited Partnership bought a new stake in Cars.com in the second quarter valued at about $120,572,000. New South Capital Management Inc. bought a new stake in Cars.com in the second quarter valued at about $77,402,000. Finally, Abrams Capital Management L.P. bought a new stake in Cars.com in the second quarter valued at about $66,575,000.

TRADEMARK VIOLATION NOTICE: “Employees Retirement System of Texas Invests $2.28 Million in Cars.com Inc (CARS)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/employees-retirement-system-of-texas-invests-2-28-million-in-cars-com-inc-cars.html.

A number of research firms recently commented on CARS. B. Riley began coverage on Cars.com in a report on Monday, October 2nd. They issued a “buy” rating and a $36.00 price objective for the company. Craig Hallum began coverage on Cars.com in a report on Thursday, July 20th. They issued a “hold” rating and a $25.00 price objective for the company.

Shares of Cars.com Inc (NASDAQ CARS) opened at 27.52 on Wednesday. Cars.com Inc has a 12-month low of $19.90 and a 12-month high of $29.47. The company has a market cap of $1.97 billion and a P/E ratio of 12.94. The company has a 50-day moving average price of $26.51 and a 200-day moving average price of $25.92.

Cars.com (NASDAQ:CARS) last announced its earnings results on Wednesday, August 9th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.40. The firm had revenue of $156.62 million for the quarter, compared to the consensus estimate of $157.00 million. Cars.com had a return on equity of 5.13% and a net margin of 15.84%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. On average, analysts predict that Cars.com Inc will post $1.35 earnings per share for the current year.

About Cars.com

Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.

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

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