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

Cars.com (NYSE:CARS)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a research note issued on Wednesday,Benzinga reports. They currently have a $25.00 target price on the stock. Barrington Research’s price objective indicates a potential upside of 32.42% from the company’s current price.

Several other research firms also recently commented on CARS. B. Riley cut their target price on Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, August 9th. UBS Group lifted their price objective on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of 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 Price Performance

Shares of CARS stock traded down $0.47 during mid-day trading on Wednesday, reaching $18.88. The company’s stock had a trading volume of 640,311 shares, compared to its average volume of 483,159. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The firm’s 50-day moving average is $16.70 and its two-hundred day moving average is $18.03. Cars.com has a 1-year low of $15.05 and a 1-year high of $21.24. The company has a market cap of $1.22 billion, a P/E ratio of 32.55 and a beta of 2.10.

Institutional Investors Weigh In On Cars.com

Several institutional investors have recently modified their holdings of CARS. Pacer Advisors Inc. raised its position in shares of Cars.com by 62,357.6% in the 3rd quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock valued at $41,798,000 after acquiring an additional 2,489,939 shares during the period. Boston Partners grew its position in shares of Cars.com by 25.0% in the 1st quarter. Boston Partners now owns 2,153,942 shares of the company’s stock valued at $36,972,000 after purchasing an additional 430,654 shares during the period. First Eagle Investment Management LLC lifted its stake in Cars.com by 94.2% in the first quarter. First Eagle Investment Management LLC now owns 425,643 shares of the company’s stock valued at $7,313,000 after buying an additional 206,415 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Cars.com by 50.3% in the first quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company’s stock valued at $10,573,000 after buying an additional 205,871 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Cars.com by 19.4% during the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock worth $21,252,000 after acquiring an additional 175,094 shares in 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.