Cars.com (NYSE:CARS – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.
CARS has been the subject of a number of other reports. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research report on Friday, February 27th. B. Riley Financial lowered Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Friday, May 8th. DA Davidson reiterated a “buy” rating and issued a $13.00 price objective on shares of Cars.com in a research report on Monday, April 13th. UBS Group raised their target price on Cars.com from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their target price on Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cars.com currently has an average rating of “Moderate Buy” and a consensus target price of $14.67.
Check Out Our Latest Research Report on Cars.com
Cars.com Price Performance
Cars.com (NYSE:CARS – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The firm had revenue of $180.22 million during the quarter, compared to analyst estimates of $180.16 million. Cars.com had a return on equity of 18.12% and a net margin of 3.73%.Cars.com’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. Research analysts expect that Cars.com will post 1.83 EPS for the current year.
Hedge Funds Weigh In On Cars.com
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC boosted its holdings in Cars.com by 3.0% during the fourth quarter. Inspire Investing LLC now owns 38,273 shares of the company’s stock worth $467,000 after buying an additional 1,119 shares during the last quarter. iSAM Funds UK Ltd boosted its holdings in Cars.com by 12.3% during the third quarter. iSAM Funds UK Ltd now owns 12,499 shares of the company’s stock worth $153,000 after buying an additional 1,367 shares during the last quarter. Vident Advisory LLC boosted its holdings in Cars.com by 3.3% during the third quarter. Vident Advisory LLC now owns 43,023 shares of the company’s stock worth $526,000 after buying an additional 1,386 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Cars.com by 30.0% during the second quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock worth $83,000 after buying an additional 1,623 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in Cars.com by 5.3% during the fourth quarter. State of Tennessee Department of Treasury now owns 36,904 shares of the company’s stock worth $419,000 after buying an additional 1,859 shares during the last quarter. Institutional investors own 89.15% of the company’s stock.
Cars.com Company Profile
Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.
On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.
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