Abrams Capital: Drew Pluhar, Travis Rhodes and Billionaire David Abrams’ Picks

6. Cars.com Inc (NYSE:CARS)

Cars.com Inc (NYSE:CARS) represents another new position in the fund’s equity portfolio, as the fund added 2.50 million shares valued at $66.57 million between April and June. Cars.com Inc (NYSE:CARS) is the owner of a digital automotive marketplace, Cars.com. The company went public at the beginning of June and has inched up by over 3% since the IPO. The company posted a revenue of $156.62 million for the second quarter, flat over the year and it expects revenue growth to remain flat throughout 2017, but to advance by 5% to 10% next year. Another fund that added Cars.com Inc (NYSE:CARS) to its equity portfolio is Edward A. Mule’s Silver Point Capital, which reported ownership of 2.34 million shares in its latest 13F filing.

Follow Cars.com Inc. (NYSE:CARS)