Barrington Research Reiterates Outperform Rating for Cars.com (NYSE:CARS)

Cars.com (NYSE:CARS)‘s stock had its “outperform” rating reaffirmed by research analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They presently have a $25.00 price target on the stock. Barrington Research’s target price would suggest a potential upside of 32.30% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. UBS Group increased their price target on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th.

Cars.com Stock Up 1.5 %

CARS opened at $18.90 on Tuesday. The stock has a fifty day moving average of $18.13 and a 200-day moving average of $17.73. The company has a market capitalization of $1.22 billion, a P/E ratio of 32.58 and a beta of 2.15. Cars.com has a fifty-two week low of $15.05 and a fifty-two week high of $21.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79.

Insider Buying and Selling at Cars.com

In other news, Director Jill A. Greenthal sold 4,524 shares of Cars.com stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $19.86, for a total value of $89,846.64. Following the transaction, the director now owns 101,963 shares in the company, valued at approximately $2,024,985.18. This trade represents a 4.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sonia Jain sold 24,971 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $19.74, for a total value of $492,927.54. Following the sale, the chief financial officer now owns 229,229 shares of the company’s stock, valued at approximately $4,524,980.46. This represents a 9.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.12% of the company’s stock.

Institutional Investors Weigh In On Cars.com

A number of hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in Cars.com by 2.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company’s stock worth $44,350,000 after purchasing an additional 65,210 shares in the last quarter. KBC Group NV grew its stake in shares of Cars.com by 68.2% during the fourth quarter. KBC Group NV now owns 3,885 shares of the company’s stock worth $67,000 after buying an additional 1,575 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Cars.com by 74.2% during the fourth quarter. SG Americas Securities LLC now owns 11,942 shares of the company’s stock worth $207,000 after buying an additional 5,086 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Cars.com by 60.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company’s stock valued at $316,000 after acquiring an additional 6,855 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Cars.com by 16.2% in the 4th quarter. Park Avenue Securities LLC now owns 18,002 shares of the company’s stock valued at $312,000 after acquiring an additional 2,506 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.

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.