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

Barrington Research restated their outperform rating on shares of Cars.com (NYSE:CARS) in a research note released on Monday morning,Benzinga reports. Barrington Research currently has a $25.00 price objective on the stock.

CARS has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on shares of Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. UBS Group raised their price target on shares of Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

Cars.com Price Performance

Shares of CARS opened at $15.79 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $1.02 billion, a P/E ratio of 27.22 and a beta of 2.15. Cars.com has a 12 month low of $15.05 and a 12 month high of $21.24. The stock has a fifty day moving average price of $17.42 and a 200 day moving average price of $17.49.

Institutional Investors Weigh In On Cars.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp bought a new position in Cars.com in the 4th quarter valued at about $597,000. PharVision Advisers LLC acquired a new stake in shares of Cars.com in the 4th quarter worth approximately $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Cars.com by 23.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,690 shares of the company’s stock valued at $3,513,000 after acquiring an additional 38,421 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Cars.com during the fourth quarter valued at approximately $1,105,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of Cars.com during the fourth quarter valued at approximately $181,000. 89.15% of the stock is currently owned by institutional investors.

About Cars.com

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.