Cars.com Inc. (NYSE:CARS - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as $10.28 and last traded at $10.42, with a volume of 325008 shares changing hands. The stock had previously closed at $11.64.
Analyst Ratings Changes
CARS has been the topic of a number of analyst reports. DA Davidson lowered their target price 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. JPMorgan Chase & Co. decreased their price objective on Cars.com from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, Barrington Research restated an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.90.
View Our Latest Report on CARS
Cars.com Stock Down 1.6 %
The company has a market cap of $673.59 million, a PE ratio of 18.19 and a beta of 1.92. The stock has a 50-day moving average of $14.29 and a 200-day moving average of $16.34. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.
Institutional Trading of Cars.com
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in Cars.com by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 804,483 shares of the company's stock valued at $13,483,000 after acquiring an additional 17,501 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Cars.com by 8.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company's stock valued at $244,000 after purchasing an additional 1,075 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Cars.com during the 3rd quarter valued at about $198,000. Benjamin Edwards Inc. raised its holdings in shares of Cars.com by 45.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 24,664 shares of the company's stock valued at $413,000 after buying an additional 7,683 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Cars.com by 22.3% in the 3rd quarter. Stifel Financial Corp now owns 66,064 shares of the company's stock worth $1,107,000 after buying an additional 12,043 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company's stock.
Cars.com Company Profile
(
Get Free Report)
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.
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