Cars.com (NYSE:CARS) Receives Outperform Rating from Barrington Research

Cars.com (NYSE:CARS - Get Free Report)'s stock had its "outperform" rating restated by research analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They currently have a $25.00 target price on the stock. Barrington Research's price target would indicate a potential upside of 103.50% from the stock's previous close.

Several other research analysts have also issued reports on the company. DA Davidson cut their price target on Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a report on Friday, February 28th. UBS Group increased 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. Finally, JPMorgan Chase & Co. cut their price target on Cars.com from $21.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Cars.com has a consensus rating of "Moderate Buy" and an average price target of $20.50.

Cars.com Trading Up 5.5 %

Shares of Cars.com stock traded up $0.64 on Tuesday, hitting $12.29. 1,133,268 shares of the company's stock traded hands, compared to its average volume of 622,936. Cars.com has a one year low of $11.53 and a one 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 has a fifty day moving average of $16.60 and a two-hundred day moving average of $17.21. The company has a market capitalization of $784.36 million, a price-to-earnings ratio of 21.18 and a beta of 2.16.

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Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CARS. Harbor Capital Advisors Inc. lifted its holdings in shares of Cars.com by 18.8% in 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 in the last quarter. 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 acquiring an additional 5,461 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Cars.com during the third quarter valued at approximately $456,000. GSA Capital Partners LLP purchased 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 acquiring an additional 26,276 shares during the last quarter. Institutional investors own 89.15% of the company's stock.

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.