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

Barrington Research restated their outperform rating on shares of Cars.com (NYSE:CARS) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $25.00 price target on the stock.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. B. Riley cut their price objective on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, UBS Group upped their target price on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Cars.com Stock Up 0.1 %

CARS opened at $18.72 on Wednesday. The stock’s fifty day simple moving average is $16.78 and its 200 day simple moving average is $18.05. Cars.com has a 1-year low of $15.05 and a 1-year high of $21.24. The stock has a market cap of $1.21 billion, a PE ratio of 32.27 and a beta of 2.10. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93.

Hedge Funds Weigh In On Cars.com

A number of hedge funds have recently bought and sold shares of CARS. Pacer Advisors Inc. increased its holdings in shares of Cars.com by 62,357.6% during the third quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock worth $41,798,000 after purchasing an additional 2,489,939 shares during the period. Boston Partners grew its position in Cars.com by 25.0% during the first quarter. Boston Partners now owns 2,153,942 shares of the company’s stock worth $36,972,000 after buying an additional 430,654 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Cars.com by 94.2% during the 1st quarter. First Eagle Investment Management LLC now owns 425,643 shares of the company’s stock worth $7,313,000 after acquiring an additional 206,415 shares during the period. Russell Investments Group Ltd. raised its holdings in Cars.com by 50.3% in the 1st quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company’s stock valued at $10,573,000 after acquiring an additional 205,871 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Cars.com by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock valued at $21,252,000 after acquiring an additional 175,094 shares during the period. 89.15% of the stock is owned by institutional investors.

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.