DA Davidson Lowers Cars.com (NYSE:CARS) Price Target to $14.50

Cars.com (NYSE:CARS) had its price target lowered by DA Davidson from $21.00 to $14.50 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 9.93% from the company’s current price.

Several other research analysts also recently issued reports on the company. UBS Group upped their price objective on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Barrington Research reissued an “outperform” rating and set a $25.00 target price on shares of Cars.com in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their price target 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Cars.com Trading Up 9.6 %

Shares of CARS stock opened at $13.19 on Friday. Cars.com has a twelve month low of $11.78 and a twelve month high of $21.24. The stock’s fifty day simple moving average is $17.13 and its 200 day simple moving average is $17.40. 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 firm has a market capitalization of $853.91 million, a P/E ratio of 22.74 and a beta of 2.15.

Institutional Trading of Cars.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new position in shares of Cars.com in the 4th quarter worth approximately $597,000. PharVision Advisers LLC acquired a new position in Cars.com in the fourth quarter valued at $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Cars.com by 23.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,690 shares of the company’s stock valued at $3,513,000 after buying an additional 38,421 shares during the period. Voloridge Investment Management LLC bought a new stake in Cars.com during the fourth quarter valued at $1,105,000. Finally, iSAM Funds UK Ltd acquired a new stake in Cars.com during the 4th quarter worth about $181,000. 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.