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

Barrington Research restated their outperform rating on shares of Cars.com (NYSE:CARS) in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a $25.00 target price on the stock.

CARS has been the subject of several other reports. UBS Group boosted their target price on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

Cars.com Stock Performance

Shares of Cars.com stock opened at $18.63 on Tuesday. The business has a 50-day simple moving average of $18.13 and a 200-day simple moving average of $17.73. The company has a market cap of $1.21 billion, a PE ratio of 32.12 and a beta of 2.15. Cars.com has a one year low of $15.05 and a one year high of $21.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79.

Insider Buying and Selling

In other news, Director Jill A. Greenthal sold 4,524 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $19.86, for a total value of $89,846.64. Following the completion of the sale, the director now owns 101,963 shares of the company’s stock, valued at $2,024,985.18. This represents a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sonia Jain sold 24,971 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $19.74, for a total transaction of $492,927.54. Following the completion of the sale, the chief financial officer now directly owns 229,229 shares of the company’s stock, valued at $4,524,980.46. This trade represents a 9.82 % decrease in their position. The disclosure for this sale can be found here. 2.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cars.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its position in shares of Cars.com by 62,357.6% during the third quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock worth $41,798,000 after purchasing an additional 2,489,939 shares during the last quarter. FMR LLC lifted its holdings in Cars.com by 1.7% during the 3rd quarter. FMR LLC now owns 9,902,561 shares of the company’s stock worth $165,967,000 after buying an additional 162,692 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Cars.com in the 2nd quarter worth approximately $2,843,000. Squarepoint Ops LLC increased its holdings in shares of Cars.com by 163.6% in the 2nd quarter. Squarepoint Ops LLC now owns 45,820 shares of the company’s stock valued at $903,000 after acquiring an additional 117,820 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Cars.com by 340.9% in the 3rd quarter. Barclays PLC now owns 108,177 shares of the company’s stock valued at $1,813,000 after acquiring an additional 83,642 shares during the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

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.