Barrington Research Reaffirms Outperform Rating for Cars.com (NYSE:CARS)

Cars.com (NYSE:CARS)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $25.00 price target on the stock. Barrington Research’s target price suggests a potential upside of 104.50% from the stock’s previous close.

Several other brokerages have also issued reports on CARS. DA Davidson lowered their target price on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, UBS Group upped their price objective 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Cars.com has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Cars.com Stock Performance

Shares of NYSE:CARS traded down $0.62 during mid-day trading on Tuesday, reaching $12.23. The company had a trading volume of 940,002 shares, compared to its average volume of 585,410. The company’s 50-day moving average price is $17.04 and its 200-day moving average price is $17.36. Cars.com has a one year low of $11.78 and a one year high of $21.24. The firm has a market cap of $791.43 million, a price-to-earnings ratio of 21.08 and a beta of 2.15. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93.

Institutional Trading of Cars.com

Institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its position in shares of Cars.com by 193.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after buying an additional 1,079 shares during the period. Sterling Capital Management LLC grew its stake in Cars.com by 813.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,109 shares of the company’s stock valued at $37,000 after acquiring an additional 1,878 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Cars.com by 145.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after acquiring an additional 1,864 shares during the period. Quarry LP lifted its stake in Cars.com by 184.5% in the 4th quarter. Quarry LP now owns 3,476 shares of the company’s stock worth $60,000 after purchasing an additional 2,254 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Cars.com in the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

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.