Analysts Set Cars.com Inc. (NYSE:CARS) PT at $17.90

Cars.com Inc. (NYSE:CARS) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $17.70.

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price target on Cars.com from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. B. Riley restated a “buy” rating and issued a $22.00 target price (up from $21.00) on shares of Cars.com in a report on Friday, August 8th. UBS Group upped their target price on Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research report on Monday, November 3rd. Finally, Zacks Research downgraded Cars.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th.

Cars.com Stock Performance

NYSE:CARS opened at $11.46 on Monday. The company has a 50-day moving average of $11.49 and a 200-day moving average of $11.79. The firm has a market cap of $685.46 million, a price-to-earnings ratio of 18.48 and a beta of 1.74. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.94. Cars.com has a twelve month low of $9.56 and a twelve month high of $20.47.

Cars.com (NYSE:CARS) last released its earnings results on Thursday, November 6th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). Cars.com had a return on equity of 17.43% and a net margin of 5.71%.The business had revenue of $181.57 million during the quarter, compared to the consensus estimate of $181.37 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts forecast that Cars.com will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cars.com

A number of large investors have recently made changes to their positions in the company. CWM LLC boosted its stake in Cars.com by 119.9% in the 2nd quarter. CWM LLC now owns 4,227 shares of the company’s stock worth $50,000 after purchasing an additional 2,305 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Cars.com by 22.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,425 shares of the company’s stock valued at $61,000 after purchasing an additional 1,010 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Cars.com by 27.7% in the third quarter. GAMMA Investing LLC now owns 5,898 shares of the company’s stock worth $72,000 after buying an additional 1,279 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Cars.com by 30.0% during the second quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $83,000 after buying an additional 1,623 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Cars.com by 436.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after buying an additional 6,475 shares during the period. Institutional investors and hedge funds 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.