Cars.com (NYSE:CARS) Price Target Cut to $17.00 by Analysts at JPMorgan Chase & Co.

Cars.com (NYSE:CARS) had its price target dropped by research analysts at JPMorgan Chase & Co. from $21.00 to $17.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 32.76% from the company’s previous close.

Other research analysts also recently issued research reports about the company. UBS Group upped their price objective on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. DA Davidson decreased their price objective on Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a report on Friday. Finally, Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research note on Monday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Cars.com has an average rating of “Moderate Buy” and an average target price of $20.50.

Cars.com Price Performance

Shares of CARS stock traded up $0.78 during mid-day trading on Friday, hitting $12.81. 774,671 shares of the stock traded hands, compared to its average volume of 485,785. The firm has a market cap of $828.98 million, a price-to-earnings ratio of 22.01 and a beta of 2.15. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. Cars.com has a twelve month low of $11.78 and a twelve month high of $21.24. The company’s 50-day simple moving average is $17.22 and its 200-day simple moving average is $17.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. lifted its stake in shares of Cars.com by 62,357.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock valued at $41,798,000 after buying an additional 2,489,939 shares in the last quarter. Boston Partners grew its holdings in shares of Cars.com by 26.0% during the 4th quarter. Boston Partners now owns 3,178,426 shares of the company’s stock valued at $55,021,000 after purchasing an additional 655,518 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Cars.com during the 4th quarter valued at $10,908,000. Arrowstreet Capital Limited Partnership grew its holdings in Cars.com by 609.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 442,889 shares of the company’s stock worth $7,675,000 after acquiring an additional 380,439 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of Cars.com in the 4th quarter worth about $4,460,000. 89.15% of the stock is owned by institutional investors.

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.