Cars.com’s (CARS) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of Cars.com (NYSE:CARS) in a research report released on Monday morning,Benzinga reports. Barrington Research currently has a $25.00 price target on the stock.

Several other research analysts have also recently commented on the company. JPMorgan Chase & Co. boosted their price target on 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 upped their target price on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Cars.com Price Performance

CARS opened at $15.79 on Monday. Cars.com has a twelve month low of $15.05 and a twelve month high of $21.24. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 27.22 and a beta of 2.15. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $17.42 and a 200 day simple moving average of $17.49.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. FMR LLC raised its position in shares of Cars.com by 1.7% during the 3rd quarter. FMR LLC now owns 9,902,561 shares of the company’s stock valued at $165,967,000 after acquiring an additional 162,692 shares in the last quarter. Vanguard Group Inc. increased its stake in Cars.com by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,121,007 shares of the company’s stock valued at $123,407,000 after purchasing an additional 115,083 shares during the last quarter. Boston Partners raised its holdings in shares of Cars.com by 26.0% during the fourth quarter. Boston Partners now owns 3,178,426 shares of the company’s stock worth $55,021,000 after purchasing an additional 655,518 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Cars.com by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company’s stock worth $54,984,000 after buying an additional 55,143 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Cars.com by 2.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company’s stock valued at $44,350,000 after buying an additional 65,210 shares during the period. Institutional investors and hedge funds own 89.15% of the company’s stock.

Cars.com Company Profile

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.