Cars.com’s (CARS) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Cars.com (NYSE:CARS) in a report published on Wednesday,Benzinga reports. The brokerage currently has a $25.00 price target on the stock.

CARS has been the topic of several other reports. B. Riley reduced their price objective on Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. increased their price target on Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, UBS Group raised their price target on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th.

Cars.com Stock Performance

Shares of NYSE:CARS opened at $18.72 on Wednesday. The firm has a fifty day simple moving average of $16.75 and a two-hundred day simple moving average of $18.04. 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 stock has a market capitalization of $1.21 billion, a P/E ratio of 32.27 and a beta of 2.10. Cars.com has a 52 week low of $15.05 and a 52 week high of $21.24.

Institutional Investors Weigh In On Cars.com

Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in Cars.com in the first quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cars.com in the second quarter worth about $38,000. CWM LLC increased its stake in Cars.com by 253.2% in the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after buying an additional 1,575 shares during the period. Advisors Asset Management Inc. lifted its holdings in Cars.com by 145.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock valued at $53,000 after buying an additional 1,864 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in Cars.com in the 3rd quarter valued at about $171,000. 89.15% of the stock is owned by institutional investors.

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.