Cars.com (NYSE:CARS)‘s stock had its “hold” rating restated by investment analysts at Barrington Research in a note issued to investors on Wednesday, TipRanks reports.
A number of other research firms have also commented on CARS. Craig Hallum raised shares of Cars.com from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, September 16th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Cars.com from a “strong sell” rating to a “hold” rating in a research report on Tuesday. TheStreet lowered shares of Cars.com from a “c” rating to a “d” rating in a research report on Monday, August 5th. BTIG Research downgraded shares of Cars.com from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Finally, DA Davidson downgraded shares of Cars.com from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $24.31.
Shares of NYSE:CARS traded up $0.37 during trading on Wednesday, reaching $10.11. The stock had a trading volume of 1,614,965 shares, compared to its average volume of 1,372,187. Cars.com has a 52 week low of $8.23 and a 52 week high of $28.50. The firm has a market capitalization of $676.14 million, a price-to-earnings ratio of 5.55, a P/E/G ratio of 1.69 and a beta of 1.01. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $9.30 and a two-hundred day simple moving average of $17.27.
Cars.com (NYSE:CARS) last released its quarterly earnings results on Monday, August 5th. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.08). Cars.com had a net margin of 1.59% and a return on equity of 6.51%. The firm had revenue of $148.20 million during the quarter, compared to the consensus estimate of $160.18 million. During the same period in the prior year, the business earned $0.48 EPS. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. On average, analysts forecast that Cars.com will post 1.1 EPS for the current year.
In related news, insider James F. Rogers acquired 10,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $9.99 per share, for a total transaction of $99,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Becky A. Sheehan acquired 5,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $9.23 per share, for a total transaction of $46,150.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 58,948 shares of company stock worth $575,784. 0.35% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CARS. Polar Asset Management Partners Inc. acquired a new stake in Cars.com during the second quarter worth $9,266,000. Nuveen Asset Management LLC boosted its stake in Cars.com by 18.0% during the second quarter. Nuveen Asset Management LLC now owns 1,696,623 shares of the company’s stock worth $33,457,000 after buying an additional 259,399 shares in the last quarter. FMR LLC boosted its stake in Cars.com by 26.7% during the first quarter. FMR LLC now owns 1,052,622 shares of the company’s stock worth $24,000,000 after buying an additional 222,027 shares in the last quarter. BlackRock Inc. boosted its stake in Cars.com by 2.8% during the second quarter. BlackRock Inc. now owns 7,800,006 shares of the company’s stock worth $153,816,000 after buying an additional 213,141 shares in the last quarter. Finally, Sapience Investments LLC boosted its stake in Cars.com by 15.2% during the second quarter. Sapience Investments LLC now owns 1,584,645 shares of the company’s stock worth $31,249,000 after buying an additional 209,015 shares in the last quarter.
Cars.com Company Profile
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.
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