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 report released on Wednesday morning,Benzinga reports. The firm currently has a $25.00 price objective on the stock.

Several other research analysts have also recently issued reports on CARS. UBS Group upped their target price on shares of Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, B. Riley cut their target price 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.

Cars.com Price Performance

CARS stock opened at $18.88 on Wednesday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 32.55 and a beta of 2.10. Cars.com has a fifty-two week low of $15.05 and a fifty-two week high of $21.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $16.70 and a 200 day moving average price of $18.03.

Institutional Trading of Cars.com

A number of large investors have recently bought and sold shares of CARS. Headlands Technologies LLC acquired a new position in Cars.com in the first quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cars.com in the 2nd quarter valued at about $38,000. CWM LLC raised its stake in Cars.com by 253.2% during the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after acquiring an additional 1,575 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Cars.com by 145.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after acquiring an additional 1,864 shares during the period. Finally, MQS Management LLC purchased a new position in shares of Cars.com in the 3rd quarter valued at approximately $171,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

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.