Cars.com (NYSE:CARS) Price Target Lowered to $14.00 at JPMorgan Chase & Co.

Cars.com (NYSE:CARS - Free Report) had its price objective lowered by JPMorgan Chase & Co. from $17.00 to $14.00 in a research report released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research analysts have also commented on the stock. Barrington Research reaffirmed an "outperform" rating and set a $25.00 price objective on shares of Cars.com in a research note on Tuesday, March 4th. DA Davidson cut their price target on shares of Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $19.90.

Cars.com Price Performance

Shares of NYSE CARS traded up $0.01 during mid-day trading on Thursday, hitting $11.31. 701,114 shares of the company's stock traded hands, compared to its average volume of 573,463. The company has a market capitalization of $722.11 million, a P/E ratio of 19.50 and a beta of 2.16. Cars.com has a 1 year low of $10.80 and a 1 year high of $21.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. The company's 50-day moving average is $14.93 and its two-hundred day moving average is $16.57.

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Institutional Investors Weigh In On Cars.com

Institutional investors and hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Cars.com by 193.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock worth $29,000 after buying an additional 1,079 shares during the period. Sterling Capital Management LLC raised its stake in Cars.com by 813.0% in the fourth quarter. Sterling Capital Management LLC now owns 2,109 shares of the company's stock valued at $37,000 after buying an additional 1,878 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Cars.com by 145.2% during the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company's stock worth $53,000 after acquiring an additional 1,864 shares during the last quarter. Quarry LP grew its position in Cars.com by 184.5% during the 4th quarter. Quarry LP now owns 3,476 shares of the company's stock worth $60,000 after purchasing an additional 2,254 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Cars.com in the 4th quarter valued at $61,000. 89.15% of the stock is owned by 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.