Cars.com (NYSE:CARS)‘s stock had its “buy” rating reaffirmed by stock analysts at Barrington Research in a note issued to investors on Monday.
Several other research firms also recently issued reports on CARS. Benchmark reissued a “hold” rating on shares of Cars.com in a research report on Thursday, August 9th. ValuEngine raised Cars.com from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, Zacks Investment Research downgraded Cars.com from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $37.13.
Shares of CARS opened at $26.36 on Monday. Cars.com has a 12 month low of $20.94 and a 12 month high of $32.94. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.84 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 2.65 and a beta of 0.22.
Cars.com (NYSE:CARS) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.39). Cars.com had a net margin of 28.90% and a return on equity of 7.78%. The business had revenue of $168.50 million for the quarter, compared to analysts’ expectations of $171.75 million. During the same quarter in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts forecast that Cars.com will post 1.99 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its position in Cars.com by 3.9% during the 2nd quarter. BlackRock Inc. now owns 8,100,935 shares of the company’s stock worth $229,984,000 after purchasing an additional 305,592 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Cars.com by 45.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,519,222 shares of the company’s stock valued at $128,301,000 after acquiring an additional 1,409,984 shares during the period. River Road Asset Management LLC grew its position in shares of Cars.com by 5.3% during the 2nd quarter. River Road Asset Management LLC now owns 1,691,840 shares of the company’s stock valued at $48,031,000 after acquiring an additional 84,520 shares during the period. Bank of New York Mellon Corp grew its position in shares of Cars.com by 9.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,001,230 shares of the company’s stock valued at $28,426,000 after acquiring an additional 84,507 shares during the period. Finally, Sei Investments Co. grew its position in shares of Cars.com by 1,277.4% during the 2nd quarter. Sei Investments Co. now owns 867,726 shares of the company’s stock valued at $24,636,000 after acquiring an additional 804,727 shares during the period.
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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