Analysts Set Cars.com Inc. (CARS) PT at $35.00

Cars.com Inc. (NYSE:CARS) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $35.00.

CARS has been the topic of a number of recent analyst reports. Barrington Research restated a “buy” rating on shares of Cars.com in a research report on Thursday, October 4th. Benchmark restated a “hold” rating on shares of Cars.com in a research report on Thursday, August 9th. Zacks Investment Research upgraded shares of Cars.com from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, ValuEngine downgraded shares of Cars.com from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Natixis Advisors L.P. lifted its position in shares of Cars.com by 256.8% during the 1st quarter. Natixis Advisors L.P. now owns 43,386 shares of the company’s stock valued at $1,229,000 after acquiring an additional 31,226 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Cars.com by 36.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,109,238 shares of the company’s stock valued at $88,085,000 after acquiring an additional 824,872 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Cars.com during the 1st quarter valued at $819,000. Principal Financial Group Inc. lifted its position in shares of Cars.com by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 310,627 shares of the company’s stock valued at $8,800,000 after acquiring an additional 8,284 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Cars.com during the 1st quarter valued at $260,000.

NYSE:CARS traded up $0.60 during mid-day trading on Monday, hitting $25.50. 694,077 shares of the company’s stock were exchanged, compared to its average volume of 1,086,169. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.42 and a quick ratio of 1.42. Cars.com has a fifty-two week low of $20.94 and a fifty-two week high of $32.94. The company has a market cap of $1.93 billion, a PE ratio of 11.18, a P/E/G ratio of 2.77 and a beta of -0.20.

Cars.com (NYSE:CARS) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.39). The firm had revenue of $168.50 million during the quarter, compared to analyst estimates of $171.75 million. Cars.com had a return on equity of 7.78% and a net margin of 28.90%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Equities research analysts expect that Cars.com will post 1.99 EPS for the current year.

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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