Cars.com (NYSE:CARS) Sets New 12-Month Low at $19.01

Cars.com Inc. (NYSE:CARS) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $19.01 and last traded at $19.33, with a volume of 767587 shares trading hands. The stock had previously closed at $19.32.

Several research analysts have commented on CARS shares. Citigroup restated a “buy” rating and set a $25.00 price objective on shares of Propetro in a research report on Tuesday, July 2nd. ValuEngine downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 16th. Finally, Barrington Research lowered their price objective on shares of CBS from $72.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.36.

The firm has a fifty day simple moving average of $20.74. The company has a market cap of $1.29 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.70. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.41.

Cars.com (NYSE:CARS) last announced its quarterly earnings results on Friday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $154.20 million for the quarter, compared to analyst estimates of $152.29 million. Cars.com had a return on equity of 7.34% and a net margin of 4.40%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. Analysts forecast that Cars.com Inc. will post 1.52 EPS for the current year.

Several large investors have recently made changes to their positions in the company. Texas Permanent School Fund increased its holdings in shares of Cars.com by 2.0% during the first quarter. Texas Permanent School Fund now owns 42,099 shares of the company’s stock worth $960,000 after buying an additional 819 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Cars.com by 6.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 16,294 shares of the company’s stock worth $350,000 after buying an additional 963 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Cars.com by 7.4% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,000 shares of the company’s stock worth $316,000 after buying an additional 1,100 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Cars.com by 0.5% during the first quarter. Rhumbline Advisers now owns 209,353 shares of the company’s stock worth $4,773,000 after buying an additional 1,126 shares in the last quarter. Finally, Sicart Associates LLC increased its holdings in shares of Cars.com by 0.8% during the first quarter. Sicart Associates LLC now owns 177,330 shares of the company’s stock worth $4,043,000 after buying an additional 1,370 shares in the last quarter.

About Cars.com (NYSE:CARS)

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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