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

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

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Cars.com from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Wall Street Zen cut Cars.com from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Zacks Research lowered Cars.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cars.com in a research report on Thursday, October 30th. Finally, B. Riley reiterated a “buy” rating and set a $22.00 price target (up from $21.00) on shares of Cars.com in a research note on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Cars.com has a consensus rating of “Moderate Buy” and an average target price of $17.90.

Cars.com Trading Down 1.2%

NYSE CARS opened at $10.35 on Monday. The firm’s 50-day moving average is $11.98 and its two-hundred day moving average is $11.82. Cars.com has a 12 month low of $9.56 and a 12 month high of $20.47. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market capitalization of $635.65 million, a P/E ratio of 16.69 and a beta of 1.76.

Cars.com (NYSE:CARS) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Cars.com had a net margin of 5.71% and a return on equity of 17.43%. The company had revenue of $178.74 million for the quarter, compared to analyst estimates of $179.43 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. Cars.com’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that Cars.com will post 1.19 earnings per share for the current year.

Insider Transactions at Cars.com

In other news, insider Matthew B. Crawford sold 15,000 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $11.77, for a total transaction of $176,550.00. Following the completion of the transaction, the insider directly owned 98,461 shares of the company’s stock, valued at approximately $1,158,885.97. This represents a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cars.com

Hedge funds have recently added to or reduced their stakes in the stock. Hill Path Capital LP acquired a new stake in shares of Cars.com in the 2nd quarter valued at approximately $23,854,000. Brown Advisory Inc. purchased a new position in Cars.com in the second quarter worth $16,456,000. Par Capital Management Inc. acquired a new stake in Cars.com in the second quarter valued at $14,220,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Cars.com during the 2nd quarter worth $5,210,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Cars.com by 89.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 859,245 shares of the company’s stock worth $10,182,000 after purchasing an additional 404,603 shares in the last quarter. 89.15% of the stock is currently owned by hedge funds and other 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.