Cars.com (NYSE:CARS) Price Target Raised to $20.00

Cars.com (NYSE:CARS - Free Report) had its price objective upped by UBS Group from $17.00 to $20.00 in a research report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Cars.com from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Friday. Barrington Research restated an "outperform" rating and set a $25.00 price target on shares of Cars.com in a research note on Monday. Finally, B. Riley cut their price target on Cars.com from $27.00 to $26.00 and set a "buy" rating for the company in a report on Friday, August 9th.

Cars.com Stock Performance

CARS traded up $0.66 during midday trading on Friday, reaching $18.51. The company's stock had a trading volume of 826,894 shares, compared to its average volume of 481,129. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $16.63 and a 200 day simple moving average of $17.98. The stock has a market cap of $1.22 billion, a P/E ratio of 50.03 and a beta of 2.10. Cars.com has a twelve month low of $15.05 and a twelve month high of $21.24.

Cars.com (NYSE:CARS - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.06). The company had revenue of $178.89 million for the quarter, compared to the consensus estimate of $181.51 million. Cars.com had a return on equity of 6.70% and a net margin of 3.51%. Research analysts expect that Cars.com will post 1.2 earnings per share for the current year.

Institutional Investors Weigh In On Cars.com

A number of institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of Cars.com in the 1st quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cars.com during the second quarter worth about $38,000. CWM LLC increased its holdings in shares of Cars.com by 253.2% during the second quarter. CWM LLC now owns 2,197 shares of the company's stock worth $43,000 after buying an additional 1,575 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Cars.com by 145.2% in the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company's stock valued at $53,000 after acquiring an additional 1,864 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Cars.com in the 3rd quarter worth approximately $171,000. 89.15% of the stock is 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.