Cars.com (NYSE:CARS) Price Target Lowered to $14.50 at DA Davidson

Cars.com (NYSE:CARS - Free Report) had its target price cut by DA Davidson from $21.00 to $14.50 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Barrington Research restated an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a report on Monday, February 24th. JPMorgan Chase & Co. upped their price target on Cars.com from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Finally, UBS Group upped their price target on Cars.com from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Cars.com currently has an average rating of "Moderate Buy" and a consensus target price of $20.50.

Cars.com Stock Performance

CARS traded down $0.35 on Friday, hitting $12.85. The company had a trading volume of 1,523,270 shares, compared to its average volume of 576,539. The company's fifty day moving average price is $17.04 and its 200 day moving average price is $17.36. Cars.com has a 1-year low of $11.78 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 stock has a market cap of $831.90 million, a price-to-earnings ratio of 22.16 and a beta of 2.15.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. increased its position in shares of Cars.com by 18.8% during the third quarter. Harbor Capital Advisors Inc. now owns 12,909 shares of the company's stock valued at $216,000 after purchasing an additional 2,047 shares during the period. Assetmark Inc. increased its position in shares of Cars.com by 11.2% during the third quarter. Assetmark Inc. now owns 54,410 shares of the company's stock valued at $912,000 after purchasing an additional 5,461 shares during the period. Versor Investments LP bought a new stake in shares of Cars.com during the third quarter valued at approximately $456,000. GSA Capital Partners LLP bought a new stake in shares of Cars.com during the third quarter valued at approximately $1,222,000. Finally, Victory Capital Management Inc. increased its position in shares of Cars.com by 130.9% during the third quarter. Victory Capital Management Inc. now owns 46,344 shares of the company's stock valued at $777,000 after purchasing an additional 26,276 shares during the period. 89.15% of the stock is currently owned by institutional investors and hedge funds.

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.