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

Cars.com (NYSE:CARS)‘s stock had its “outperform” rating restated by Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $25.00 price objective on the stock. Barrington Research’s target price points to a potential upside of 104.50% from the stock’s current price.

Several other equities analysts have also recently issued reports on CARS. DA Davidson decreased their price target on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a research report on Friday. UBS Group boosted their target price on shares of Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. dropped their price target on Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Cars.com has an average rating of “Moderate Buy” and an average target price of $20.50.

Cars.com Price Performance

NYSE CARS traded down $0.62 during trading on Tuesday, hitting $12.23. 940,002 shares of the company’s stock were exchanged, compared to its average volume of 585,410. The company has a market cap of $791.43 million, a PE ratio of 21.08 and a beta of 2.15. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. Cars.com has a fifty-two week low of $11.78 and a fifty-two week high of $21.24. The stock’s 50 day moving average price is $17.04 and its two-hundred day moving average price is $17.36.

Institutional Trading of Cars.com

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of Cars.com by 62,357.6% in the 3rd quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock worth $41,798,000 after buying an additional 2,489,939 shares during the last quarter. Boston Partners lifted its holdings in Cars.com by 26.0% during the fourth quarter. Boston Partners now owns 3,178,426 shares of the company’s stock worth $55,021,000 after acquiring an additional 655,518 shares during the period. SG Capital Management LLC purchased a new position in Cars.com in the fourth quarter worth $10,908,000. Arrowstreet Capital Limited Partnership grew its stake in Cars.com by 609.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 442,889 shares of the company’s stock valued at $7,675,000 after purchasing an additional 380,439 shares during the period. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of Cars.com during the 4th quarter valued at $4,460,000. Hedge funds and other institutional investors 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.