Rubric Capital Management LP Acquires Shares of 200,700 Cars.com Inc (NYSE:CARS)

Rubric Capital Management LP acquired a new position in shares of Cars.com Inc (NYSE:CARS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 200,700 shares of the company’s stock, valued at approximately $5,341,000. Rubric Capital Management LP owned approximately 0.28% of Cars.com at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of Cars.com by 1.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 225,089 shares of the company’s stock worth $5,989,000 after buying an additional 2,339 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of Cars.com by 4.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 60,608 shares of the company’s stock worth $1,613,000 after buying an additional 2,705 shares during the period. FNY Partners Fund LP lifted its position in shares of Cars.com by 17.0% during the 3rd quarter. FNY Partners Fund LP now owns 23,857 shares of the company’s stock worth $634,000 after buying an additional 3,470 shares during the period. First Personal Financial Services bought a new position in shares of Cars.com during the 2nd quarter worth approximately $118,000. Finally, American International Group Inc. lifted its position in shares of Cars.com by 2.4% during the 3rd quarter. American International Group Inc. now owns 209,501 shares of the company’s stock worth $5,575,000 after buying an additional 4,855 shares during the period.

Cars.com Inc (NYSE CARS) traded up $0.02 during trading on Friday, hitting $28.84. The company had a trading volume of 685,655 shares, compared to its average volume of 1,974,707. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.40. Cars.com Inc has a 1-year low of $19.90 and a 1-year high of $30.30.

Several equities analysts recently commented on the company. B. Riley assumed coverage on Cars.com in a research report on Monday, October 2nd. They set a “buy” rating and a $36.00 target price for the company. Barrington Research raised their target price on Cars.com from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research downgraded Cars.com from a “hold” rating to a “strong sell” rating in a research report on Monday, November 13th.

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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 (NYSE:CARS)

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