Cars.com (NYSE:CARS) Price Target Lowered to $14.50 at DA Davidson

Cars.com (NYSE:CARS) had its price target decreased by investment analysts at DA Davidson from $21.00 to $14.50 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 20.58% from the company’s previous close.

CARS has been the topic of several other research reports. Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Cars.com in a research note on Monday. JPMorgan Chase & Co. raised their price target 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. Finally, UBS Group upped their price target on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.30.

Cars.com Stock Performance

NYSE CARS opened at $12.03 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. Cars.com has a 1-year low of $11.97 and a 1-year high of $21.24. The company has a market cap of $778.49 million, a PE ratio of 20.73 and a beta of 2.15. The stock’s 50 day simple moving average is $17.22 and its 200-day simple moving average is $17.43.

Institutional Trading of Cars.com

Several hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in Cars.com by 62,357.6% in the third quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company’s stock valued at $41,798,000 after acquiring an additional 2,489,939 shares during the last quarter. Boston Partners raised its position in Cars.com by 26.0% in the fourth quarter. Boston Partners now owns 3,178,426 shares of the company’s stock valued at $55,021,000 after purchasing an additional 655,518 shares during the period. SG Capital Management LLC acquired a new position in shares of Cars.com in the 4th quarter valued at $10,908,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Cars.com by 609.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 442,889 shares of the company’s stock valued at $7,675,000 after purchasing an additional 380,439 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new position in shares of Cars.com during the 4th quarter worth $4,460,000. Hedge funds and other institutional investors 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.