Cars.com (NYSE:CARS) Given “Buy” Rating at B. Riley

B. Riley reissued their buy rating on shares of Cars.com (NYSE:CARS) in a report published on Tuesday, December 19th. The brokerage currently has a $32.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Cars.com from a hold rating to a strong sell rating in a report on Monday, November 13th. Barrington Research upped their price target on Cars.com from $40.00 to $45.00 and gave the stock an outperform rating in a research note on Monday, November 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Cars.com has an average rating of Buy and an average target price of $35.50.

Cars.com (CARS) traded down $0.67 on Tuesday, reaching $30.57. The company’s stock had a trading volume of 3,325,257 shares, compared to its average volume of 1,487,466. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.43 and a quick ratio of 1.43. Cars.com has a fifty-two week low of $19.90 and a fifty-two week high of $32.28.

Institutional investors and hedge funds have recently modified their holdings of the business. First Mercantile Trust Co. purchased a new stake in Cars.com during the 2nd quarter valued at $132,000. Commonwealth Bank of Australia purchased a new stake in Cars.com during the 2nd quarter valued at $170,000. Quantbot Technologies LP bought a new position in shares of Cars.com during the 2nd quarter valued at $172,000. Public Sector Pension investment Board bought a new position in shares of Cars.com during the 2nd quarter valued at $208,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Cars.com during the 3rd quarter valued at $212,000.

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Cars.com Company Profile

Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.

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