Cars.com’s (CARS) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reiterated their outperform rating on shares of Cars.com (NYSE:CARS) in a research note issued to investors on Monday,Benzinga reports. They currently have a $25.00 price target on the stock.

Other analysts have also issued research reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cars.com in a research report on Thursday, October 30th. Zacks Research lowered shares of Cars.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. increased their price target on shares of Cars.com from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Wall Street Zen lowered shares of Cars.com from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, UBS Group lifted their target price on Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.90.

Cars.com Stock Up 0.9%

Shares of NYSE CARS opened at $10.84 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.82 and a current ratio of 1.82. Cars.com has a 52 week low of $9.56 and a 52 week high of $20.47. The stock has a market capitalization of $665.76 million, a P/E ratio of 17.48 and a beta of 1.76. The stock’s fifty day moving average is $12.09 and its 200 day moving average is $11.84.

Cars.com (NYSE:CARS) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Cars.com had a return on equity of 17.43% and a net margin of 5.71%.The company had revenue of $178.74 million during the quarter, compared to the consensus estimate of $179.43 million. During the same quarter in the previous year, the business posted $0.38 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts forecast that Cars.com will post 1.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Cars.com

In other news, insider Matthew B. Crawford sold 15,000 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $11.77, for a total transaction of $176,550.00. Following the sale, the insider directly owned 98,461 shares in the company, valued at approximately $1,158,885.97. The trade was a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.39% of the company’s stock.

Institutional Trading of Cars.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Cars.com by 119.9% during the second 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 last quarter. GAMMA Investing LLC grew its holdings in shares of Cars.com by 624.9% during the first quarter. GAMMA Investing LLC now owns 4,690 shares of the company’s stock worth $53,000 after purchasing an additional 4,043 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Cars.com by 22.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,425 shares of the company’s stock worth $61,000 after purchasing an additional 1,010 shares during the last quarter. 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 worth $83,000 after purchasing an additional 1,623 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Cars.com by 436.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock worth $94,000 after purchasing an additional 6,475 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors.

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.