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

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

Several other analysts also recently weighed in on the company. UBS Group dropped their price target on Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of Cars.com from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $19.00 in a report on Friday, August 9th. Finally, 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.

Cars.com Trading Up 4.5 %

Shares of Cars.com stock opened at $16.78 on Monday. The firm’s 50 day simple moving average is $16.61 and its two-hundred day simple moving average is $17.97. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 45.35 and a beta of 2.10. Cars.com has a 12-month low of $15.05 and a 12-month high of $21.24. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.95.

Cars.com (NYSE:CARS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). The company had revenue of $178.89 million for the quarter, compared to analysts’ expectations of $181.51 million. Cars.com had a net margin of 3.51% and a return on equity of 6.70%. Analysts predict that Cars.com will post 1.2 EPS for the current year.

Institutional Trading of Cars.com

A number of hedge funds have recently modified their holdings of CARS. Mirae Asset Global Investments Co. Ltd. increased its holdings in Cars.com by 30.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,907 shares of the company’s stock valued at $1,056,000 after buying an additional 13,526 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Cars.com by 3.9% in the 1st quarter. BNP Paribas Financial Markets now owns 61,314 shares of the company’s stock worth $1,053,000 after purchasing an additional 2,308 shares during the period. Texas Permanent School Fund Corp boosted its position in Cars.com by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 53,906 shares of the company’s stock worth $926,000 after purchasing an additional 698 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Cars.com in the first quarter valued at approximately $28,000. Finally, Russell Investments Group Ltd. increased its position in shares of Cars.com by 50.3% in the first quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company’s stock valued at $10,573,000 after buying an additional 205,871 shares in 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.