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

Barrington Research restated their outperform rating on shares of Cars.com (NYSE:CARS - Free Report) in a research report sent to investors on Monday, Benzinga reports. Barrington Research currently has a $25.00 target price on the stock.

A number of other equities analysts have also commented on CARS. B. Riley decreased their price objective on shares of Cars.com from $27.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of Cars.com from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $25.00 to $19.00 in a research report on Friday, August 9th. Finally, UBS Group cut their target price on shares of Cars.com from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, August 9th.

Cars.com Price Performance

NYSE:CARS traded down $0.15 during trading hours on Monday, reaching $15.88. 336,495 shares of the company's stock were exchanged, compared to its average volume of 466,651. The business's 50-day simple moving average is $16.72 and its two-hundred day simple moving average is $17.98. Cars.com has a 12 month low of $15.05 and a 12 month high of $21.24. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $1.05 billion, a P/E ratio of 42.92 and a beta of 2.10.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CARS. Headlands Technologies LLC acquired a new position in Cars.com in the 1st quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cars.com in the 2nd quarter valued at $38,000. CWM LLC grew its stake in Cars.com by 253.2% in the 2nd quarter. CWM LLC now owns 2,197 shares of the company's stock valued at $43,000 after buying an additional 1,575 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Cars.com in the 2nd quarter valued at $180,000. Finally, EntryPoint Capital LLC grew its stake in Cars.com by 23.3% in the 1st quarter. EntryPoint Capital LLC now owns 10,173 shares of the company's stock valued at $175,000 after buying an additional 1,922 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.