JPMorgan Chase & Co. Issues Pessimistic Forecast for Cars.com (NYSE:CARS) Stock Price

Cars.com (NYSE:CARS) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $17.00 to $14.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 23.90% from the company’s current price.

CARS has been the topic of a number of other research reports. DA Davidson lowered their price objective on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, February 28th. Barrington Research reiterated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.90.

Cars.com Stock Down 3.9 %

CARS stock opened at $11.30 on Thursday. Cars.com has a twelve month low of $10.80 and a twelve month high of $21.24. The firm has a market capitalization of $721.41 million, a PE ratio of 19.48 and a beta of 2.16. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock has a 50-day simple moving average of $14.93 and a two-hundred day simple moving average of $16.58.

Institutional Trading of Cars.com

Large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its position in shares of Cars.com by 193.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock worth $29,000 after purchasing an additional 1,079 shares during the period. Sterling Capital Management LLC raised its stake in Cars.com by 813.0% in the fourth quarter. Sterling Capital Management LLC now owns 2,109 shares of the company’s stock worth $37,000 after buying an additional 1,878 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Cars.com by 145.2% in the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after buying an additional 1,864 shares in the last quarter. Quarry LP lifted its holdings in Cars.com by 184.5% in the fourth quarter. Quarry LP now owns 3,476 shares of the company’s stock worth $60,000 after buying an additional 2,254 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Cars.com during the 4th quarter valued at approximately $61,000. 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.