Cars.com (NYSE:CARS) Stock Price Expected to Rise, UBS Group Analyst Says

Cars.com (NYSE:CARS) had its target price boosted by UBS Group from $17.00 to $20.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday. B. Riley reduced their price target on Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a report on Monday, November 4th.

Cars.com Stock Up 4.9 %

Cars.com stock opened at $19.40 on Friday. The company’s 50-day moving average price is $16.63 and its two-hundred day moving average price is $18.00. The company has a quick ratio of 1.53, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1.28 billion, a P/E ratio of 33.22 and a beta of 2.10. Cars.com has a twelve month low of $15.05 and a twelve month high of $21.24.

Hedge Funds Weigh In On Cars.com

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 81,645 shares during the last quarter. Boston Partners boosted its holdings in shares of Cars.com by 25.0% during the 1st quarter. Boston Partners now owns 2,153,942 shares of the company’s stock valued at $36,972,000 after acquiring an additional 430,654 shares in the last quarter. American Century Companies Inc. grew its position in Cars.com by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock worth $21,252,000 after acquiring an additional 175,094 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Cars.com by 50.3% in the 1st quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company’s stock worth $10,573,000 after purchasing an additional 205,871 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Cars.com by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 596,327 shares of the company’s stock valued at $11,748,000 after purchasing an additional 20,463 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.

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.