Evercore Trust Company N.A. acquired a new stake in Cars.com Inc. (NYSE:CARS) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,220,939 shares of the company’s stock, valued at approximately $59,099,000. Evercore Trust Company N.A. owned approximately 3.10% of Cars.com at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CARS. First Personal Financial Services acquired a new stake in shares of Cars.com during the 2nd quarter worth $118,000. First Mercantile Trust Co. acquired a new stake in shares of Cars.com during the 2nd quarter worth $132,000. AT Bancorp acquired a new stake in shares of Cars.com during the 2nd quarter worth $168,000. Commonwealth Bank of Australia acquired a new stake in shares of Cars.com during the 2nd quarter worth $170,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Cars.com during the 2nd quarter worth $172,000.
Several research firms have recently issued reports on CARS. B. Riley began coverage on Cars.com in a report on Monday, October 2nd. They set a “buy” rating and a $36.00 target price on the stock. Barrington Research increased their target price on Cars.com from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Finally, Zacks Investment Research lowered Cars.com from a “hold” rating to a “strong sell” rating in a report on Monday, November 13th.
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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.
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