Cars.com (NYSE:CARS) Earns Buy Rating from BTIG Research

Cars.com (NYSE:CARS)‘s stock had its “buy” rating restated by BTIG Research in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $13.00 price objective on the stock. BTIG Research’s price objective suggests a potential upside of 33.22% from the company’s current price.

A number of other equities analysts have also recently weighed in on CARS. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $10.00 price objective (down from $16.00) on shares of Cars.com in a research report on Friday, February 27th. Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research report on Friday, February 27th. UBS Group upped their price objective on shares of Cars.com from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Weiss Ratings cut shares of Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 1st. Finally, Zacks Research cut shares of Cars.com from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cars.com presently has an average rating of “Hold” and an average price target of $16.08.

Cars.com Stock Performance

NYSE:CARS opened at $9.76 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a 50-day moving average of $9.30 and a two-hundred day moving average of $10.91. The stock has a market cap of $572.21 million, a P/E ratio of 30.49 and a beta of 1.46. Cars.com has a 1-year low of $7.40 and a 1-year high of $13.97.

Cars.com (NYSE:CARS) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.12). The firm had revenue of $183.90 million during the quarter, compared to analysts’ expectations of $183.44 million. Cars.com had a net margin of 2.77% and a return on equity of 17.31%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. On average, research analysts expect that Cars.com will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cars.com

A number of institutional investors have recently modified their holdings of the stock. Inspire Investing LLC raised its stake in shares of Cars.com by 3.0% in the 4th quarter. Inspire Investing LLC now owns 38,273 shares of the company’s stock valued at $467,000 after purchasing an additional 1,119 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Cars.com by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,898 shares of the company’s stock valued at $72,000 after purchasing an additional 1,279 shares in the last quarter. iSAM Funds UK Ltd raised its stake in shares of Cars.com by 12.3% in the 3rd quarter. iSAM Funds UK Ltd now owns 12,499 shares of the company’s stock valued at $153,000 after purchasing an additional 1,367 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Cars.com by 3.3% in the 3rd quarter. Vident Advisory LLC now owns 43,023 shares of the company’s stock valued at $526,000 after purchasing an additional 1,386 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Cars.com by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $83,000 after purchasing an additional 1,623 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

Cars.com Company Profile

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.