Cars.com (NYSE:CARS) Price Target Raised to $21.00

Cars.com (NYSE:CARS) had its price target hoisted by JPMorgan Chase & Co. from $20.00 to $21.00 in a research report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. B. Riley decreased their price objective on Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research note on Monday, November 4th. Finally, UBS Group decreased their target price on shares of Cars.com from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, August 9th.

Cars.com Stock Performance

NYSE:CARS traded up $0.35 during mid-day trading on Friday, hitting $18.85. 56,470 shares of the stock were exchanged, compared to its average volume of 479,110. Cars.com has a fifty-two week low of $15.05 and a fifty-two week high of $21.24. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 31.90 and a beta of 2.10. The firm’s 50-day simple moving average is $16.63 and its 200 day simple moving average is $18.00. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.53 and a current ratio of 1.53.

Cars.com (NYSE:CARS) last released its earnings results on Thursday, August 8th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Cars.com had a net margin of 3.51% and a return on equity of 6.70%. The firm had revenue of $178.89 million during the quarter, compared to the consensus estimate of $181.51 million. As a group, equities analysts anticipate that Cars.com will post 1.2 EPS for the current fiscal year.

Institutional Trading of Cars.com

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in Cars.com by 6.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,013 shares of the company’s stock valued at $757,000 after purchasing an additional 2,692 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Cars.com by 19.4% during the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock valued at $21,252,000 after buying an additional 175,094 shares during the period. Vanguard Group Inc. raised its stake in Cars.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock worth $123,983,000 after buying an additional 81,645 shares in the last quarter. CWM LLC lifted its stake in shares of Cars.com by 253.2% in the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after purchasing an additional 1,575 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in Cars.com by 23.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 526,643 shares of the company’s stock valued at $10,375,000 after acquiring an additional 101,000 shares during the period. 89.15% of the stock is currently owned by institutional investors.

Cars.com Company Profile

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.