Cfra upgraded shares of Cars.com (NYSE:CARS) from a hold rating to a buy rating in a report published on Wednesday morning, Briefing.com Automated Import reports.
Other equities research analysts have also issued research reports about the company. DA Davidson lowered Cars.com from a buy rating to a neutral rating in a research report on Tuesday, August 6th. Zacks Investment Research upgraded Cars.com from a strong sell rating to a hold rating in a research report on Tuesday, October 8th. ValuEngine upgraded Cars.com from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Citigroup reiterated a buy rating and issued a $19.00 price target (down previously from $27.00) on shares of Cars.com in a research report on Tuesday, August 6th. Finally, Barrington Research reiterated a hold rating on shares of Cars.com in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $24.31.
Shares of NYSE CARS traded down $0.15 during trading on Wednesday, reaching $12.59. The company had a trading volume of 1,573,783 shares, compared to its average volume of 1,344,726. The company’s fifty day moving average price is $10.33 and its 200-day moving average price is $15.67. Cars.com has a 12 month low of $8.23 and a 12 month high of $28.50. The stock has a market cap of $840.84 million, a P/E ratio of 6.92, a PEG ratio of 2.15 and a beta of 1.09. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.41.
In other Cars.com news, CEO Thomas Alex Vetter bought 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $9.58 per share, for a total transaction of $105,380.00. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in CARS. Altshuler Shaham Ltd bought a new position in Cars.com in the second quarter worth approximately $105,000. Marshall Wace LLP bought a new position in Cars.com in the first quarter worth approximately $63,000. Signaturefd LLC boosted its holdings in Cars.com by 12,646.9% in the third quarter. Signaturefd LLC now owns 6,246 shares of the company’s stock worth $56,000 after acquiring an additional 6,197 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Cars.com in the second quarter worth approximately $180,000. Finally, Point72 Asset Management L.P. bought a new position in Cars.com in the second quarter worth approximately $185,000.
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.
Read More: Why is the price-sales ratio important?
Receive News & Ratings for Cars.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter.