Cars.com (NYSE:CARS) Given New $13.00 Price Target at UBS Group

Cars.com (NYSE:CARS) had its price objective cut by UBS Group from $15.00 to $13.00 in a research report released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Cars.com from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research note on Tuesday, March 4th. Finally, DA Davidson reduced their target price on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Cars.com currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Cars.com Stock Down 2.8 %

Cars.com stock opened at $11.37 on Thursday. Cars.com has a twelve month low of $9.87 and a twelve month high of $21.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average of $13.45 and a 200-day moving average of $16.08. The stock has a market capitalization of $725.81 million, a PE ratio of 19.60 and a beta of 1.92.

Institutional Trading of Cars.com

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in Cars.com by 8.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company’s stock valued at $244,000 after purchasing an additional 1,075 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Cars.com by 22.3% during the 3rd quarter. Stifel Financial Corp now owns 66,064 shares of the company’s stock worth $1,107,000 after acquiring an additional 12,043 shares during the period. State Street Corp increased its holdings in shares of Cars.com by 0.6% during the 3rd quarter. State Street Corp now owns 2,419,422 shares of the company’s stock worth $40,550,000 after acquiring an additional 15,038 shares during the last quarter. Jane Street Group LLC raised its stake in Cars.com by 20.1% in the 3rd quarter. Jane Street Group LLC now owns 207,352 shares of the company’s stock valued at $3,475,000 after acquiring an additional 34,666 shares during the period. Finally, MML Investors Services LLC lifted its holdings in Cars.com by 17.5% during the 3rd quarter. MML Investors Services LLC now owns 67,905 shares of the company’s stock valued at $1,138,000 after purchasing an additional 10,137 shares during the last quarter. Institutional investors and hedge funds 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.