Shares of Cars.com Inc. (NYSE:CARS) traded down 6.4% during trading on Friday . The stock traded as low as $21.57 and last traded at $21.80. 1,732,691 shares traded hands during trading, an increase of 66% from the average session volume of 1,046,175 shares. The stock had previously closed at $23.30.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Cars.com from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 6th. Craig Hallum downgraded shares of Cars.com from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a report on Thursday, February 28th. Barrington Research reiterated a “buy” rating on shares of Cars.com in a report on Tuesday, March 5th. DA Davidson reduced their price target on shares of Cars.com to $28.00 and set a “positive” rating on the stock in a report on Monday, March 4th. Finally, Goldman Sachs Group began coverage on shares of Cars.com in a report on Monday, March 18th. They issued a “neutral” rating and a $23.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.60.

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $1.49 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20.

Cars.com (NYSE:CARS) last announced its quarterly earnings results on Thursday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.09). Cars.com had a net margin of 5.86% and a return on equity of 7.78%. On average, equities analysts expect that Cars.com Inc. will post 1.74 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its stake in shares of Cars.com by 1,824.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 546,509 shares of the company’s stock worth $25,000 after purchasing an additional 518,116 shares during the period. Quantamental Technologies LLC purchased a new position in shares of Cars.com during the 4th quarter worth about $28,000. Bessemer Group Inc. purchased a new position in shares of Cars.com during the 4th quarter worth about $36,000. Covington Capital Management boosted its stake in shares of Cars.com by 1,267.5% during the 4th quarter. Covington Capital Management now owns 2,735 shares of the company’s stock worth $59,000 after purchasing an additional 2,535 shares during the period. Finally, First Mercantile Trust Co. purchased a new position in shares of Cars.com during the 4th quarter worth about $88,000.

TRADEMARK VIOLATION WARNING: This news story was first posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.dailypolitical.com/2019/03/24/cars-com-cars-shares-down-6-4.html.

About Cars.com (NYSE:CARS)

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.

Recommended Story: Why do companies issue stock splits?

Receive News & Ratings for Cars.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter.