Barrington Research Reiterates “Outperform” Rating for Cars.com (NYSE:CARS)

Barrington Research restated their outperform rating on shares of Cars.com (NYSE:CARS) in a research report report published on Monday,Benzinga reports. The firm currently has a $25.00 price target on the stock.

CARS has been the topic of several other research reports. UBS Group cut their target price on Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. B. Riley decreased their price objective on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. cut shares of Cars.com from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $19.00 in a research report on Friday, August 9th.

Cars.com Stock Up 6.2 %

NYSE:CARS opened at $17.86 on Monday. The stock’s fifty day moving average price is $16.61 and its two-hundred day moving average price is $17.97. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 48.27 and a beta of 2.10. Cars.com has a 52-week low of $15.05 and a 52-week high of $21.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.53 and a current ratio of 1.53.

Cars.com (NYSE:CARS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Cars.com had a return on equity of 6.70% and a net margin of 3.51%. The firm had revenue of $178.89 million for the quarter, compared to the consensus estimate of $181.51 million. On average, analysts anticipate that Cars.com will post 1.2 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in shares of Cars.com during the first quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cars.com during the 2nd quarter worth approximately $38,000. CWM LLC grew its stake in shares of Cars.com by 253.2% during the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock worth $43,000 after acquiring an additional 1,575 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Cars.com in the third quarter valued at approximately $171,000. Finally, EntryPoint Capital LLC lifted its position in shares of Cars.com by 23.3% in the first quarter. EntryPoint Capital LLC now owns 10,173 shares of the company’s stock worth $175,000 after purchasing an additional 1,922 shares in the last quarter. 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.