Cars.com (NYSE:CARS) Hits New 52-Week Low – Should You Sell?

Cars.com Inc. (NYSE:CARS) shares hit a new 52-week low on Thursday . The stock traded as low as $11.63 and last traded at $11.71, with a volume of 42341 shares. The stock had previously closed at $11.95.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. DA Davidson reduced their target price on Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, February 28th. Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research report on Tuesday. UBS Group increased their price objective on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Cars.com Stock Performance

The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock has a market cap of $784.36 million, a P/E ratio of 21.18 and a beta of 2.16. The stock has a 50 day simple moving average of $16.60 and a 200 day simple moving average of $17.21.

Institutional Trading of Cars.com

Institutional investors and hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB raised its position in Cars.com by 35.9% in the 4th quarter. Nordea Investment Management AB now owns 280,475 shares of the company’s stock worth $4,939,000 after purchasing an additional 74,133 shares during the period. GSA Capital Partners LLP purchased a new position in Cars.com in the 3rd quarter worth approximately $1,222,000. Victory Capital Management Inc. raised its position in Cars.com by 130.9% in the third quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock worth $777,000 after acquiring an additional 26,276 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Cars.com by 60.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company’s stock valued at $316,000 after acquiring an additional 6,855 shares in the last quarter. Finally, FMR LLC raised its position in shares of Cars.com by 1.7% during the third quarter. FMR LLC now owns 9,902,561 shares of the company’s stock valued at $165,967,000 after buying an additional 162,692 shares during the last quarter. 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.