Cars.com Inc. (NYSE:CARS) Receives $14.83 Average Price Target from Brokerages

Shares of Cars.com Inc. (NYSE:CARSGet Free Report) have received an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.8333.

CARS has been the subject of a number of recent research reports. Zacks Research upgraded Cars.com from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. UBS Group upped their price target on shares of Cars.com from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Cars.com from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 14th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $14.00 target price on shares of Cars.com in a report on Thursday, August 6th.

Get Our Latest Research Report on CARS

Insider Activity at Cars.com

In related news, Director Jr. Donald A. Mcgovern sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $12.25, for a total value of $98,000.00. Following the transaction, the director directly owned 102,900 shares of the company’s stock, valued at approximately $1,260,525. This represents a 7.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Angelique Marks sold 57,980 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $11.94, for a total value of $692,281.20. Following the sale, the insider owned 149,636 shares in the company, valued at approximately $1,786,653.84. This represents a 27.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Pale Fire Capital SE increased its holdings in Cars.com by 1.3% in the 2nd quarter. Pale Fire Capital SE now owns 4,008,218 shares of the company’s stock worth $43,850,000 after buying an additional 51,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Cars.com by 8.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,401,523 shares of the company’s stock valued at $27,620,000 after acquiring an additional 262,443 shares during the period. Breach Inlet Capital Management LLC purchased a new stake in shares of Cars.com during the 4th quarter valued at about $8,899,000. Villanova Investment Management Co LLC boosted its holdings in shares of Cars.com by 10.5% during the 4th quarter. Villanova Investment Management Co LLC now owns 405,566 shares of the company’s stock valued at $4,948,000 after acquiring an additional 38,496 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Cars.com by 77.9% in the first quarter. Renaissance Technologies LLC now owns 580,189 shares of the company’s stock worth $4,711,000 after acquiring an additional 253,991 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Cars.com Stock Down 1.9%

NYSE:CARS opened at $11.13 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.00 and a quick ratio of 2.00. The firm’s 50-day moving average price is $11.87 and its 200-day moving average price is $10.46. The company has a market capitalization of $595.95 million, a PE ratio of 19.53 and a beta of 1.59. Cars.com has a 1-year low of $7.40 and a 1-year high of $13.69.

Cars.com (NYSE:CARSGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. Cars.com had a net margin of 4.73% and a return on equity of 18.82%. The business had revenue of $179.93 million for the quarter, compared to analyst estimates of $180.53 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Cars.com’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Cars.com will post 1.61 EPS for the current fiscal year.

Cars.com Company Profile

(Get Free Report)

Cars.com Inc (NYSE:CARS) operates a digital automotive marketplace that connects consumers with automobile dealers and manufacturers. Its platform helps shoppers research vehicles, compare listings, read reviews, explore pricing and incentives, and connect with dealerships when they are ready to buy or sell a vehicle.

The company provides automotive retailers with digital marketing and technology solutions designed to help them attract and engage customers. Its offerings include vehicle listings, dealer websites, digital retailing tools, customer relationship and lead-management services, reputation management, and advertising solutions.

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Analyst Recommendations for Cars.com (NYSE:CARS)

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