Cars.com (NYSE:CARS) Stock Rating Upgraded by Cfra

Cars.com (NYSE:CARS) was upgraded by stock analysts at Cfra from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Briefing.com Automated Import reports.

A number of other analysts have also recently weighed in on CARS. Craig Hallum raised shares of Cars.com from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Monday, September 16th. They noted that the move was a valuation call. ValuEngine raised shares of Cars.com from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. DA Davidson cut shares of Cars.com from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. B. Riley set a $18.00 price objective on shares of Cars.com and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Citigroup reaffirmed a “buy” rating and issued a $19.00 price objective (down previously from $27.00) on shares of Cars.com in a report on Tuesday, August 6th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Cars.com has a consensus rating of “Buy” and an average target price of $24.31.

Shares of NYSE:CARS traded down $0.15 on Wednesday, reaching $12.59. 2,179,405 shares of the company’s stock were exchanged, compared to its average volume of 1,344,726. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.41. Cars.com has a fifty-two week low of $8.23 and a fifty-two week high of $28.50. The business’s 50-day moving average is $10.33 and its two-hundred day moving average is $15.67. The firm has a market capitalization of $840.84 million, a price-to-earnings ratio of 6.92, a PEG ratio of 2.15 and a beta of 1.09.

Cars.com (NYSE:CARS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. Cars.com had a net margin of 1.59% and a return on equity of 6.51%. The business had revenue of $152.10 million for the quarter, compared to analysts’ expectations of $150.23 million. During the same quarter last year, the company earned $0.55 EPS. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. Analysts predict that Cars.com will post 1.1 earnings per share for the current fiscal year.

In related news, CEO Thomas Alex Vetter bought 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $9.58 per share, for a total transaction of $105,380.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Great Lakes Advisors LLC grew its position in Cars.com by 32.7% in the 3rd quarter. Great Lakes Advisors LLC now owns 309,959 shares of the company’s stock valued at $2,783,000 after buying an additional 76,380 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Cars.com by 36.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,449,133 shares of the company’s stock valued at $13,013,000 after purchasing an additional 390,427 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Cars.com by 40.2% during the 3rd quarter. First Trust Advisors LP now owns 89,225 shares of the company’s stock valued at $801,000 after purchasing an additional 25,593 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Cars.com by 45.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 35,000 shares of the company’s stock valued at $314,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Cars.com by 226.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 527,942 shares of the company’s stock valued at $4,739,000 after purchasing an additional 366,430 shares in the last quarter.

About Cars.com

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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Analyst Recommendations for Cars.com (NYSE:CARS)

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