Cars.com Inc. (NYSE:CARS) has earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $26.60.
A number of equities analysts have recently issued reports on CARS shares. ValuEngine raised shares of Cars.com from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Citigroup assumed coverage on Cars.com in a research note on Friday, December 7th. They set a “neutral” rating and a $27.00 price target on the stock. BTIG Research upgraded Cars.com from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, January 22nd. Craig Hallum cut Cars.com from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research note on Thursday, February 28th. Finally, DA Davidson decreased their price objective on Cars.com to $28.00 and set a “positive” rating for the company in a report on Monday, March 4th.
A number of hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund boosted its position in Cars.com by 1,824.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 546,509 shares of the company’s stock worth $25,000 after purchasing an additional 518,116 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Cars.com during the 4th quarter worth $28,000. Bessemer Group Inc. purchased a new position in shares of Cars.com in the 4th quarter worth about $36,000. Covington Capital Management boosted its holdings in shares of Cars.com by 1,267.5% in the 4th quarter. Covington Capital Management now owns 2,735 shares of the company’s stock worth $59,000 after buying an additional 2,535 shares during the last quarter. Finally, First Mercantile Trust Co. bought a new position in Cars.com during the fourth quarter valued at about $88,000.
Shares of Cars.com stock traded up $0.13 on Monday, reaching $23.00. 1,358,600 shares of the company’s stock were exchanged, compared to its average volume of 1,042,085. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.63 and a beta of 1.19. Cars.com has a 52 week low of $20.14 and a 52 week high of $32.94. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.39 and a current ratio of 1.39.
Cars.com (NYSE:CARS) last released its quarterly earnings data on Thursday, February 28th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Cars.com had a net margin of 5.86% and a return on equity of 7.78%. The company had revenue of $164.35 million during the quarter, compared to the consensus estimate of $166.49 million. On average, equities research analysts forecast that Cars.com will post 1.74 EPS for the current year.
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.
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