Cars.com (NYSE:CARS) Earns Outperform Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Cars.com (NYSE:CARS) in a report issued on Wednesday morning,Benzinga reports. The firm currently has a $25.00 price target on the stock.

Other equities research analysts also recently issued research reports about the stock. UBS Group increased their price objective on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, B. Riley reduced their price objective on Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, August 9th.

Cars.com Price Performance

Shares of CARS opened at $18.72 on Wednesday. The stock has a 50 day simple moving average of $16.78 and a 200 day simple moving average of $18.05. Cars.com has a 52-week low of $15.05 and a 52-week high of $21.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $1.21 billion, a PE ratio of 32.27 and a beta of 2.10.

Institutional Trading of Cars.com

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Cars.com by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,013 shares of the company’s stock worth $757,000 after purchasing an additional 2,692 shares during the last quarter. American Century Companies Inc. increased its holdings in Cars.com by 19.4% during the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock worth $21,252,000 after buying an additional 175,094 shares during the last quarter. Vanguard Group Inc. raised its position in Cars.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock worth $123,983,000 after acquiring an additional 81,645 shares in the last quarter. CWM LLC lifted its stake in Cars.com by 253.2% in the second quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after acquiring an additional 1,575 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Cars.com by 23.7% in 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. Institutional investors own 89.15% of the company’s stock.

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.