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

Cars.com (NYSE:CARS)‘s stock had its “outperform” rating reiterated by equities research analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They currently have a $25.00 price objective on the stock. Barrington Research’s price target suggests a potential upside of 57.18% from the stock’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. UBS Group increased their price objective on shares of Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

Cars.com Stock Down 3.7 %

Shares of NYSE:CARS opened at $15.91 on Monday. The business’s 50 day moving average is $17.48 and its 200 day moving average is $17.50. Cars.com has a 12-month low of $15.05 and a 12-month high of $21.24. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 27.42 and a beta of 2.15. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.

Insider Transactions at Cars.com

In other news, CFO Sonia Jain sold 24,971 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $19.74, for a total transaction of $492,927.54. Following the completion of the sale, the chief financial officer now owns 229,229 shares in the company, valued at $4,524,980.46. This trade represents a 9.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jill A. Greenthal sold 4,524 shares of Cars.com stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $19.86, for a total transaction of $89,846.64. Following the completion of the sale, the director now directly owns 101,963 shares in the company, valued at $2,024,985.18. This trade represents a 4.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.12% of the company’s stock.

Institutional Inflows and Outflows

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