Cars.com (NYSE:CARS) Trading Up 4.9% – Time to Buy?

Cars.com Inc. (NYSE:CARS)’s stock price was up 4.9% during trading on Friday . The stock traded as high as $12.62 and last traded at $12.62. Approximately 167,784 shares traded hands during trading, a decline of 64% from the average daily volume of 469,747 shares. The stock had previously closed at $12.03.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday. UBS Group lifted 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. DA Davidson decreased their target price on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday. Finally, Barrington Research reiterated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Cars.com currently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Cars.com Stock Up 9.6 %

The company’s 50-day simple moving average is $17.13 and its two-hundred day simple moving average is $17.40. The firm has a market cap of $853.91 million, a PE ratio of 22.74 and a beta of 2.15. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79.

Institutional Trading of Cars.com

Large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its position in Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after purchasing an additional 1,079 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Cars.com by 813.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,109 shares of the company’s stock valued at $37,000 after buying an additional 1,878 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Cars.com by 145.2% during the third 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 during the period. Quarry LP raised its holdings in shares of Cars.com by 184.5% during the fourth quarter. Quarry LP now owns 3,476 shares of the company’s stock valued at $60,000 after acquiring an additional 2,254 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Cars.com in the fourth quarter worth $61,000. 89.15% of the stock is owned by institutional investors.

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.