Barrington Research Reiterates Outperform Rating for Cars.com (NYSE:CARS)

Barrington Research restated their outperform rating on shares of Cars.com (NYSE:CARS) in a report issued on Wednesday morning,Benzinga reports. They currently have a $25.00 price objective on the stock.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. raised 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. UBS Group boosted their target price on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, B. Riley lowered their price target on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Cars.com Price Performance

Shares of NYSE:CARS opened at $18.88 on Wednesday. Cars.com has a 52 week low of $15.05 and a 52 week high of $21.24. The company has a 50-day moving average price of $16.70 and a 200 day moving average price of $18.03. The company has a market cap of $1.22 billion, a P/E ratio of 32.55 and a beta of 2.10. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.

Institutional Trading of Cars.com

Several large investors have recently bought and sold shares of CARS. Headlands Technologies LLC purchased a new stake in shares of Cars.com in the 1st quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cars.com during the second quarter worth about $38,000. CWM LLC lifted its holdings in shares of Cars.com by 253.2% in the second quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after purchasing an additional 1,575 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Cars.com by 145.2% in the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock valued at $53,000 after purchasing an additional 1,864 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of Cars.com during the 2nd quarter worth approximately $180,000. 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.