Cars.com (NYSE:CARS) Upgraded to Buy at Cfra

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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.

Cars.com (NYSE:CARS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. Cars.com had a return on equity of 6.51% and a net margin of 1.59%. The firm had revenue of $152.10 million for the quarter, compared to analyst estimates of $150.23 million. During the same quarter in the previous year, the company posted $0.55 EPS. The business’s revenue was down 10.2% on a year-over-year basis. As a group, equities analysts predict that Cars.com will post 1.1 earnings per share for the current year.

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.

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Analyst Recommendations for Cars.com (NYSE:CARS)

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