Cars.com (NYSE:CARS)‘s stock had its “hold” rating reaffirmed by equities research analysts at Barrington Research in a research report issued to clients and investors on Wednesday, TipRanks reports.
Other equities analysts have also recently issued research reports about the stock. ValuEngine raised shares of Cars.com from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Craig Hallum raised shares of Cars.com from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Monday, September 16th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Cars.com from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Citigroup reissued a “buy” rating and set a $19.00 target price (down previously from $27.00) on shares of Cars.com in a research note on Tuesday, August 6th. Finally, BTIG Research lowered shares of Cars.com from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $24.31.
Cars.com stock traded up $0.37 during trading hours on Wednesday, hitting $10.11. 1,614,965 shares of the company traded hands, compared to its average volume of 1,372,187. The firm has a market cap of $676.14 million, a P/E ratio of 5.55, a P/E/G ratio of 1.69 and a beta of 1.01. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $9.30 and its two-hundred day simple moving average is $17.27. Cars.com has a 1-year low of $8.23 and a 1-year high of $28.50.
Cars.com (NYSE:CARS) last released its earnings results on Monday, August 5th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). The company had revenue of $148.20 million for the quarter, compared to analyst estimates of $160.18 million. Cars.com had a net margin of 1.59% and a return on equity of 6.51%. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. On average, equities research analysts predict that Cars.com will post 1.1 earnings per share for the current year.
In other news, insider James F. Rogers bought 10,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of $9.99 per share, for a total transaction of $99,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Becky A. Sheehan bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $9.23 per share, with a total value of $46,150.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 58,948 shares of company stock valued at $575,784. Insiders own 0.35% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CARS. Polar Asset Management Partners Inc. acquired a new position in shares of Cars.com in the second quarter worth about $9,266,000. Nuveen Asset Management LLC boosted its holdings in shares of Cars.com by 18.0% in the second quarter. Nuveen Asset Management LLC now owns 1,696,623 shares of the company’s stock worth $33,457,000 after buying an additional 259,399 shares during the period. FMR LLC boosted its holdings in shares of Cars.com by 26.7% in the first quarter. FMR LLC now owns 1,052,622 shares of the company’s stock worth $24,000,000 after buying an additional 222,027 shares during the period. BlackRock Inc. boosted its holdings in shares of Cars.com by 2.8% in the second quarter. BlackRock Inc. now owns 7,800,006 shares of the company’s stock worth $153,816,000 after buying an additional 213,141 shares during the period. Finally, Sapience Investments LLC boosted its holdings in shares of Cars.com by 15.2% in the second quarter. Sapience Investments LLC now owns 1,584,645 shares of the company’s stock worth $31,249,000 after buying an additional 209,015 shares during the period.
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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