Cars.com (NYSE:CARS) Given New $17.00 Price Target at JPMorgan Chase & Co.

Cars.com (NYSE:CARS) had its target price trimmed by JPMorgan Chase & Co. from $21.00 to $17.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also recently weighed in on CARS. UBS Group boosted their price objective on Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of Cars.com in a research note on Monday, February 24th. Finally, DA Davidson reduced their price objective on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Cars.com Trading Up 9.6 %

CARS stock opened at $13.19 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. Cars.com has a twelve month low of $11.78 and a twelve month high of $21.24. The company has a market cap of $853.91 million, a P/E ratio of 22.74 and a beta of 2.15. The business has a fifty day moving average of $17.13 and a 200-day moving average of $17.40.

Institutional Trading of Cars.com

A number of institutional investors and hedge funds have recently modified their holdings of CARS. Mackenzie Financial Corp bought a new position in Cars.com during the 4th quarter worth approximately $597,000. PharVision Advisers LLC acquired a new stake in Cars.com in the fourth quarter worth $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cars.com by 23.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,690 shares of the company’s stock worth $3,513,000 after purchasing an additional 38,421 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Cars.com during the fourth quarter worth $1,105,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of Cars.com in the 4th quarter valued at $181,000. 89.15% of the stock is owned by institutional investors.

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.