Cars.com Inc. (NYSE:CARS) Receives $14.67 Consensus Target Price from Analysts

Shares of Cars.com Inc. (NYSE:CARS) have earned a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $14.6667.

A number of equities analysts have recently issued reports on CARS shares. JPMorgan Chase & Co. increased 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. Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a report on Friday, February 27th. DA Davidson reissued a “buy” rating and issued a $13.00 target price on shares of Cars.com in a report on Monday, April 13th. Zacks Research raised Cars.com from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, UBS Group raised their price target on Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, May 8th.

Institutional Investors Weigh In On Cars.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Inspire Investing LLC increased its holdings in Cars.com by 3.0% during the 4th quarter. Inspire Investing LLC now owns 38,273 shares of the company’s stock valued at $467,000 after purchasing an additional 1,119 shares in the last quarter. iSAM Funds UK Ltd increased its holdings in Cars.com by 12.3% during the 3rd quarter. iSAM Funds UK Ltd now owns 12,499 shares of the company’s stock valued at $153,000 after purchasing an additional 1,367 shares in the last quarter. Vident Advisory LLC increased its holdings in Cars.com by 3.3% during the 3rd quarter. Vident Advisory LLC now owns 43,023 shares of the company’s stock valued at $526,000 after purchasing an additional 1,386 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Cars.com by 30.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $83,000 after purchasing an additional 1,623 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in Cars.com by 5.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 36,904 shares of the company’s stock valued at $419,000 after purchasing an additional 1,859 shares in the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

Cars.com Trading Down 4.4%

Shares of CARS opened at $9.88 on Monday. Cars.com has a 1 year low of $7.40 and a 1 year high of $13.97. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.98. The stock has a 50 day simple moving average of $9.44 and a 200-day simple moving average of $10.82. The stock has a market cap of $552.01 million, a PE ratio of 22.97 and a beta of 1.64.

Cars.com (NYSE:CARS) last issued its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Cars.com had a return on equity of 18.12% and a net margin of 3.73%.The company had revenue of $180.22 million during the quarter, compared to analyst estimates of $180.16 million. During the same period in the previous year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts predict that Cars.com will post 1.83 EPS for the current fiscal year.

About Cars.com

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.