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

Barrington Research reissued their outperform rating on shares of Cars.com (NYSE:CARS) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $25.00 price target on the stock.

Several other analysts also recently issued reports on CARS. UBS Group boosted their target price 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. DA Davidson lowered their price target on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Cars.com Price Performance

Shares of NYSE:CARS opened at $11.66 on Tuesday. The company’s fifty day moving average is $16.70 and its two-hundred day moving average is $17.25. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. Cars.com has a 12-month low of $11.53 and a 12-month high of $21.24. The company has a market cap of $744.20 million, a P/E ratio of 20.10 and a beta of 2.16.

Hedge Funds Weigh In On Cars.com

Several institutional investors and hedge funds have recently modified their holdings of CARS. Smartleaf Asset Management LLC boosted its holdings in Cars.com by 193.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock worth $29,000 after purchasing an additional 1,079 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Cars.com by 813.0% in the fourth quarter. Sterling Capital Management LLC now owns 2,109 shares of the company’s stock worth $37,000 after purchasing an additional 1,878 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Cars.com by 145.2% in the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after purchasing an additional 1,864 shares in the last quarter. Quarry LP boosted its holdings in Cars.com by 184.5% in the fourth 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. bought a new stake in Cars.com in the fourth quarter worth $61,000. 89.15% of the stock is currently owned by hedge funds and other 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.