Analysts Set Cars.com Inc. (CARS) PT at $35.00
Shares of Cars.com Inc. (NYSE:CARS) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $35.00.
Several equities analysts have recently weighed in on the company. ValuEngine downgraded Cars.com from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Benchmark restated a “hold” rating on shares of Cars.com in a report on Thursday, August 9th. Barrington Research restated a “buy” rating on shares of Cars.com in a report on Monday, August 6th. Zacks Investment Research downgraded Cars.com from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Finally, DA Davidson set a $34.00 price target on Cars.com and gave the company a “buy” rating in a report on Wednesday, May 30th.
Shares of NYSE:CARS traded down $0.56 on Thursday, hitting $26.01. 520,142 shares of the company traded hands, compared to its average volume of 558,458. Cars.com has a 52 week low of $20.94 and a 52 week high of $32.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $1.86 billion, a PE ratio of 11.41, a PEG ratio of 2.68 and a beta of -0.17.
Several large investors have recently modified their holdings of the company. Natixis Advisors L.P. grew its position in Cars.com by 256.8% in the 1st quarter. Natixis Advisors L.P. now owns 43,386 shares of the company’s stock worth $1,229,000 after purchasing an additional 31,226 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Cars.com by 36.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,109,238 shares of the company’s stock worth $88,085,000 after purchasing an additional 824,872 shares during the last quarter. Citigroup Inc. grew its position in Cars.com by 262.0% in the 1st quarter. Citigroup Inc. now owns 106,971 shares of the company’s stock worth $3,030,000 after purchasing an additional 77,421 shares during the last quarter. OMERS ADMINISTRATION Corp grew its position in Cars.com by 20.5% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 14,700 shares of the company’s stock worth $416,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Fiduciary Management Inc. WI grew its position in Cars.com by 19.3% in the 1st quarter. Fiduciary Management Inc. WI now owns 1,905,423 shares of the company’s stock worth $53,981,000 after purchasing an additional 307,643 shares during the last quarter.
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.
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