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

Barrington Research reissued their outperform rating on shares of Cars.com (NYSE:CARS) in a research note released on Monday morning, Benzinga reports. The firm currently has a $25.00 target price on the stock.

A number of other brokerages also recently issued reports on CARS. UBS Group dropped their price target on shares of Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. B. Riley cut their target price on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. cut Cars.com from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $19.00 in a report on Friday, August 9th.

Cars.com Price Performance

Shares of NYSE CARS opened at $15.88 on Monday. The firm has a market cap of $1.05 billion, a P/E ratio of 42.92 and a beta of 2.10. Cars.com has a twelve month low of $15.05 and a twelve month high of $21.24. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $16.67 and a 200 day moving average of $17.98.

Cars.com (NYSE:CARS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Cars.com had a return on equity of 6.70% and a net margin of 3.51%. The business had revenue of $178.89 million during the quarter, compared to analysts’ expectations of $181.51 million. As a group, research analysts expect that Cars.com will post 1.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Cars.com

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new position in Cars.com in the first quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cars.com in the 2nd quarter worth $38,000. CWM LLC lifted its position in Cars.com by 253.2% during the second quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after purchasing an additional 1,575 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Cars.com during the second quarter valued at $180,000. Finally, EntryPoint Capital LLC grew its holdings in Cars.com by 23.3% during the first quarter. EntryPoint Capital LLC now owns 10,173 shares of the company’s stock valued at $175,000 after purchasing an additional 1,922 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

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.