Cars.com Inc (CARS) Receives $30.50 Average Target Price from Brokerages

Cars.com Inc (NYSE:CARS) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $30.50.

Several equities research analysts have issued reports on CARS shares. B. Riley reissued a “buy” rating and issued a $36.00 price target (up previously from $32.00) on shares of Cars.com in a report on Friday, January 5th. Barrington Research reissued a “buy” rating on shares of Cars.com in a report on Thursday, March 8th. Zacks Investment Research lowered shares of Cars.com from a “buy” rating to a “hold” rating in a report on Friday, February 16th. ValuEngine lowered shares of Cars.com from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Benchmark started coverage on shares of Cars.com in a report on Thursday. They issued a “hold” rating on the stock.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its holdings in shares of Cars.com by 2,430.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 22,472 shares of the company’s stock worth $3,969,000 after purchasing an additional 21,584 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Cars.com by 61.6% in the 4th quarter. William Blair Investment Management LLC now owns 331,152 shares of the company’s stock worth $9,550,000 after purchasing an additional 126,239 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Cars.com by 385.9% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,666 shares of the company’s stock worth $163,000 after purchasing an additional 4,500 shares during the last quarter. Fairpointe Capital LLC grew its holdings in shares of Cars.com by 16.7% in the 4th quarter. Fairpointe Capital LLC now owns 3,983,161 shares of the company’s stock worth $114,875,000 after purchasing an additional 569,711 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Cars.com in the 4th quarter worth about $2,281,000.

Shares of Cars.com stock traded down $1.79 during trading on Thursday, reaching $28.03. 2,920,719 shares of the company’s stock traded hands, compared to its average volume of 1,215,427. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.58 and a current ratio of 1.58. Cars.com has a 12-month low of $19.90 and a 12-month high of $32.28.

Cars.com (NYSE:CARS) last announced its quarterly earnings results on Tuesday, March 6th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.16. The firm had revenue of $156.57 million for the quarter, compared to analyst estimates of $156.30 million. Cars.com had a net margin of 35.84% and a return on equity of 8.16%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. analysts expect that Cars.com will post 1.09 EPS for the current fiscal year.

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Cars.com Company Profile

Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.

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