CARS has been the topic of a number of other reports. Barrington Research reiterated a buy rating and set a $37.50 price objective on shares of Cars.com in a research note on Monday, May 6th. Citigroup upgraded shares of Cars.com from a neutral rating to a buy rating and set a $24.00 price objective on the stock in a research note on Tuesday, July 2nd. Zacks Investment Research downgraded shares of Cars.com from a buy rating to a hold rating in a research note on Tuesday, July 16th. Finally, BTIG Research downgraded shares of Cars.com from a buy rating to a neutral rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Cars.com has an average rating of Hold and an average target price of $24.31.
Shares of Cars.com stock opened at $9.03 on Tuesday. The firm has a market capitalization of $693.39 million, a P/E ratio of 4.96, a price-to-earnings-growth ratio of 1.37 and a beta of 0.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.17. Cars.com has a 12-month low of $8.87 and a 12-month high of $28.50. The business’s 50-day moving average price is $19.34.
In related news, insider James F. Rogers purchased 10,000 shares of Cars.com stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $9.99 per share, for a total transaction of $99,900.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas Alex Vetter purchased 20,000 shares of Cars.com stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $10.19 per share, for a total transaction of $203,800.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 37,500 shares of company stock worth $374,700. 0.04% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in shares of Cars.com in the 1st quarter valued at approximately $63,000. Edge Wealth Management LLC acquired a new stake in shares of Cars.com in the 1st quarter valued at approximately $69,000. Altshuler Shaham Ltd acquired a new stake in shares of Cars.com in the 2nd quarter valued at approximately $105,000. Investors Research Corp acquired a new stake in shares of Cars.com in the 1st quarter valued at approximately $119,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Cars.com in the 2nd quarter valued at approximately $180,000.
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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