Cars.com (NYSE:CARS) Sets New 12-Month Low – Time to Sell?

Cars.com Inc. (NYSE:CARS)’s share price reached a new 52-week low on Thursday . The stock traded as low as $10.28 and last traded at $10.42, with a volume of 325008 shares changing hands. The stock had previously closed at $11.64.

Analysts Set New Price Targets

A number of brokerages have recently weighed in 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, February 28th. Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of Cars.com in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their target price on Cars.com from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.90.

Cars.com Stock Performance

The stock has a market capitalization of $682.21 million, a price-to-earnings ratio of 18.42 and a beta of 2.16. The company has a 50 day simple moving average of $14.57 and a 200-day simple moving average of $16.46. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.

Institutional Investors Weigh In On Cars.com

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB raised its position in Cars.com by 35.9% in the 4th quarter. Nordea Investment Management AB now owns 280,475 shares of the company’s stock valued at $4,939,000 after buying an additional 74,133 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Cars.com by 193.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock worth $29,000 after acquiring an additional 1,079 shares in the last quarter. Villanova Investment Management Co LLC bought a new position in shares of Cars.com during the fourth quarter valued at about $3,890,000. Hennion & Walsh Asset Management Inc. boosted its holdings 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 grew its position in 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. Institutional investors and hedge funds 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.