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

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

Several other research analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. UBS Group raised their target price on shares of Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 8th.

Cars.com Stock Performance

NYSE CARS opened at $15.31 on Monday. The business has a 50 day moving average price of $17.32 and a 200 day moving average price of $17.46. The company has a market capitalization of $991.15 million, a P/E ratio of 26.40 and a beta of 2.15. Cars.com has a 1-year low of $15.05 and a 1-year high of $21.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79.

Institutional Trading of Cars.com

Large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its stake in shares of Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock worth $29,000 after purchasing an additional 1,079 shares during the last quarter. Sterling Capital Management LLC boosted its position in Cars.com by 813.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,109 shares of the company’s stock worth $37,000 after acquiring an additional 1,878 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Cars.com by 145.2% during the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after acquiring an additional 1,864 shares during the last quarter. CWM LLC raised its holdings in Cars.com by 62.4% in the 3rd quarter. CWM LLC now owns 3,569 shares of the company’s stock valued at $60,000 after acquiring an additional 1,372 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Cars.com by 184.5% during the 4th quarter. Quarry LP now owns 3,476 shares of the company’s stock worth $60,000 after purchasing an additional 2,254 shares during the period. Institutional investors and hedge funds own 89.15% of the company’s stock.

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.