Cars.com (NYSE:CARS) Given Outperform Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Cars.com (NYSE:CARS) in a report published on Friday morning, Benzinga reports. They currently have a $25.00 target price on the stock.

A number of other equities research analysts have also recently commented on CARS. JPMorgan Chase & Co. cut Cars.com from an overweight rating to a neutral rating and reduced their price objective for the company from $25.00 to $19.00 in a research note on Friday, August 9th. B. Riley reduced their price target on shares of Cars.com from $27.00 to $26.00 and set a buy rating for the company in a research report on Friday, August 9th. Finally, UBS Group lowered their price objective on shares of Cars.com from $20.00 to $19.00 and set a neutral rating on the stock in a report on Friday, August 9th.

Cars.com Price Performance

CARS stock opened at $18.15 on Friday. Cars.com has a 1 year low of $14.82 and a 1 year high of $21.24. The stock has a market capitalization of $1.20 billion, a PE ratio of 11.56 and a beta of 2.21. The company’s 50-day moving average is $18.87 and its 200-day moving average is $18.29. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.62 and a quick ratio of 1.62.

Insider Activity at Cars.com

In other Cars.com news, CEO Thomas Alex Vetter sold 25,373 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $19.00, for a total transaction of $482,087.00. Following the transaction, the chief executive officer now directly owns 634,274 shares in the company, valued at approximately $12,051,206. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Bryan Wiener sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $20.51, for a total value of $205,100.00. Following the completion of the transaction, the director now directly owns 62,913 shares of the company’s stock, valued at $1,290,345.63. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Alex Vetter sold 25,373 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $19.00, for a total value of $482,087.00. Following the sale, the chief executive officer now directly owns 634,274 shares of the company’s stock, valued at $12,051,206. The disclosure for this sale can be found here. Insiders have sold a total of 70,713 shares of company stock valued at $1,381,968 over the last 90 days. Insiders own 2.12% of the company’s stock.

Hedge Funds Weigh In On Cars.com

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Boston Partners increased its stake in shares of Cars.com by 120.1% during the 4th quarter. Boston Partners now owns 1,723,288 shares of the company’s stock worth $32,519,000 after purchasing an additional 940,376 shares during the last quarter. Greenvale Capital LLP increased its position in Cars.com by 2.0% in the fourth quarter. Greenvale Capital LLP now owns 4,628,403 shares of the company’s stock worth $87,801,000 after buying an additional 90,222 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 buying an additional 2,692 shares during the period. Vanguard Group Inc. lifted its position in shares of Cars.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock valued at $123,983,000 after buying an additional 81,645 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Cars.com during the 4th quarter valued at $343,000. 89.15% of the stock is owned by hedge funds and other 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.