Cars.com (NYSE:CARS) Price Target Lowered to $17.00 at JPMorgan Chase & Co.

Cars.com (NYSE:CARS - Free Report) had its target price cut by JPMorgan Chase & Co. from $21.00 to $17.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also recently commented on CARS. DA Davidson lowered their price target on shares of Cars.com from $21.00 to $14.50 and set a "buy" rating for the company in a report on Friday. UBS Group lifted their price objective on shares of Cars.com from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of Cars.com in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Cars.com currently has a consensus rating of "Moderate Buy" and an average target price of $20.50.

Cars.com Stock Down 2.7 %

Shares of CARS traded down $0.35 during midday trading on Friday, hitting $12.85. The company had a trading volume of 1,523,270 shares, compared to its average volume of 576,539. Cars.com has a 1 year low of $11.78 and a 1 year high of $21.24. The firm has a market capitalization of $831.90 million, a P/E ratio of 22.16 and a beta of 2.15. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The company's 50-day simple moving average is $17.04 and its 200-day simple moving average is $17.36.

Hedge Funds Weigh In On Cars.com

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cars.com by 1.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,974 shares of the company's stock worth $970,000 after purchasing an additional 587 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Cars.com by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 236,850 shares of the company's stock worth $4,105,000 after buying an additional 827 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Cars.com by 8.0% in the third quarter. BNP Paribas Financial Markets now owns 14,541 shares of the company's stock valued at $244,000 after acquiring an additional 1,075 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company's stock worth $29,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Cars.com by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,155 shares of the company's stock worth $89,000 after purchasing an additional 1,516 shares during the period. Institutional investors and hedge funds own 89.15% of the company's stock.

About Cars.com

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.