Cars.com (NYSE:CARS) Earns “Outperform” Rating from Barrington Research

Cars.com (NYSE:CARS)‘s stock had its “outperform” rating reissued by equities researchers at Barrington Research in a research report issued on Wednesday,Benzinga reports. They presently have a $25.00 target price on the stock. Barrington Research’s target price would suggest a potential upside of 33.69% from the company’s previous close.

Several other equities analysts have also commented on the stock. UBS Group increased their target price on shares of Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 8th. B. Riley cut their price target on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, November 8th.

Cars.com Trading Down 1.0 %

Shares of CARS opened at $18.70 on Wednesday. Cars.com has a 1-year low of $15.05 and a 1-year high of $21.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $1.21 billion, a P/E ratio of 32.00 and a beta of 2.10. The firm’s 50 day simple moving average is $16.73 and its 200 day simple moving average is $18.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CARS. Headlands Technologies LLC purchased a new stake in Cars.com during the first quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cars.com during the second quarter valued at about $38,000. CWM LLC increased its position in Cars.com by 253.2% in the second quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after purchasing an additional 1,575 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Cars.com by 145.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock valued at $53,000 after purchasing an additional 1,864 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of Cars.com in the 3rd quarter worth about $171,000. 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.