Cars.com (NYSE:CARS) Given Buy Rating at DA Davidson

DA Davidson restated their buy rating on shares of Cars.com (NYSE:CARS) in a report published on Monday,Benzinga reports. The brokerage currently has a $13.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on the company. UBS Group raised their target price on Cars.com from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Weiss Ratings downgraded Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $10.00 target price (down from $16.00) on shares of Cars.com in a report on Friday, February 27th. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a report on Friday, February 27th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $13.00 target price on shares of Cars.com in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Cars.com presently has an average rating of “Hold” and an average target price of $16.00.

Cars.com Trading Up 0.9%

Shares of NYSE:CARS opened at $9.84 on Monday. The company has a market capitalization of $576.72 million, a P/E ratio of 30.74 and a beta of 1.46. Cars.com has a 1 year low of $7.40 and a 1 year high of $13.97. 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 business’s 50 day simple moving average is $9.27 and its 200 day simple moving average is $10.88.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Inspire Investing LLC lifted 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 acquiring an additional 1,119 shares during the last quarter. GAMMA Investing LLC raised its position in Cars.com by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,898 shares of the company’s stock worth $72,000 after purchasing an additional 1,279 shares during the last quarter. iSAM Funds UK Ltd raised its position in Cars.com by 12.3% during the 3rd quarter. iSAM Funds UK Ltd now owns 12,499 shares of the company’s stock worth $153,000 after purchasing an additional 1,367 shares during the last quarter. Vident Advisory LLC raised its position in Cars.com by 3.3% during the 3rd quarter. Vident Advisory LLC now owns 43,023 shares of the company’s stock worth $526,000 after purchasing an additional 1,386 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Cars.com by 30.0% during the 2nd 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. 89.15% of the stock is currently owned by institutional investors.

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.