Barrington Research reaffirmed their outperform rating on shares of Cars.com (NYSE:CARS – Free Report) in a research report sent to investors on Monday morning, Benzinga reports. Barrington Research currently has a $25.00 price objective on the stock.
A number of other analysts have also issued reports on the company. B. Riley lowered their price target on Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. cut Cars.com from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $19.00 in a report on Friday, August 9th. Finally, UBS Group cut their price target on Cars.com from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th.
Check Out Our Latest Analysis on Cars.com
Cars.com Stock Up 4.5 %
Cars.com (NYSE:CARS – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.06). The company had revenue of $178.89 million during the quarter, compared to analysts’ expectations of $181.51 million. Cars.com had a net margin of 3.51% and a return on equity of 6.70%. Equities research analysts expect that Cars.com will post 1.2 earnings per share for the current year.
Institutional Trading of Cars.com
A number of hedge funds have recently bought and sold shares of the stock. MQS Management LLC bought a new position in Cars.com in the third quarter worth about $171,000. Victory Capital Management Inc. boosted its stake in Cars.com by 130.9% in the third quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock valued at $777,000 after acquiring an additional 26,276 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Cars.com in the third quarter worth $1,222,000. Versor Investments LP acquired a new position in shares of Cars.com during the third quarter worth $456,000. Finally, Assetmark Inc. increased its position in shares of Cars.com by 11.2% during the third quarter. Assetmark Inc. now owns 54,410 shares of the company’s stock worth $912,000 after purchasing an additional 5,461 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.
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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