Barrington Research Reiterates “Outperform” Rating for Cars.com (NYSE:CARS)

Cars.com (NYSE:CARS)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a research note issued on Tuesday,Benzinga reports. They currently have a $25.00 price objective on the stock. Barrington Research’s price objective suggests a potential upside of 34.21% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their price objective on Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. UBS Group increased their price objective on shares of Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Cars.com Stock Up 2.8 %

Shares of NYSE CARS traded up $0.51 during mid-day trading on Tuesday, hitting $18.63. The company had a trading volume of 644,250 shares, compared to its average volume of 398,501. Cars.com has a 1-year low of $15.05 and a 1-year high of $21.24. The company has a market capitalization of $1.21 billion, a PE ratio of 32.12 and a beta of 2.15. 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 business’s 50-day simple moving average is $18.13 and its 200 day simple moving average is $17.73.

Insiders Place Their Bets

In related news, CFO Sonia Jain sold 24,971 shares of Cars.com stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $19.74, for a total transaction of $492,927.54. Following the sale, the chief financial officer now directly owns 229,229 shares in the company, valued at $4,524,980.46. This trade represents a 9.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jill A. Greenthal sold 4,524 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $19.86, for a total transaction of $89,846.64. Following the completion of the sale, the director now directly owns 101,963 shares of the company’s stock, valued at approximately $2,024,985.18. This trade represents a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in shares of Cars.com by 35.9% during the fourth quarter. Nordea Investment Management AB now owns 280,475 shares of the company’s stock worth $4,939,000 after acquiring an additional 74,133 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Cars.com during the 3rd quarter worth $1,222,000. Victory Capital Management Inc. grew its position in Cars.com by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock worth $777,000 after purchasing an additional 26,276 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Cars.com by 60.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company’s stock valued at $316,000 after purchasing an additional 6,855 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in shares of Cars.com by 21.0% in the third quarter. Park Avenue Securities LLC now owns 15,496 shares of the company’s stock valued at $260,000 after buying an additional 2,694 shares during the last quarter. Hedge funds and other 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.