B. Riley Reiterates “Buy” Rating for Cars.com (NYSE:CARS)

Cars.com (NYSE:CARS)‘s stock had its “buy” rating reaffirmed by investment analysts at B. Riley in a note issued to investors on Friday, January 5th, MarketBeat reports. They presently have a $36.00 price target on the stock, up from their previous price target of $32.00. B. Riley’s price target would indicate a potential upside of 17.76% from the company’s current price. B. Riley also issued estimates for Cars.com’s Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.34 EPS.

CARS has been the topic of several other research reports. Barrington Research boosted their price target on shares of Cars.com from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. ValuEngine downgraded shares of Cars.com from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Zacks Investment Research downgraded shares of Cars.com from a “hold” rating to a “strong sell” rating in a research note on Monday, November 13th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Cars.com currently has an average rating of “Buy” and a consensus price target of $35.50.

Cars.com (NYSE CARS) traded down $0.67 during trading hours on Friday, reaching $30.57. 3,325,200 shares of the company’s stock were exchanged, compared to its average volume of 1,684,333. Cars.com has a fifty-two week low of $19.90 and a fifty-two week high of $32.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market cap of $2,190.00 and a P/E ratio of 17.98.

Cars.com (NYSE:CARS) last released its earnings results on Wednesday, November 8th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Cars.com had a net margin of 19.24% and a return on equity of 8.18%. equities analysts predict that Cars.com will post 1.28 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Commonwealth Bank of Australia purchased a new position in shares of Cars.com in the second quarter worth $170,000. Quantbot Technologies LP acquired a new stake in shares of Cars.com in the second quarter worth $172,000. Public Sector Pension investment Board acquired a new stake in shares of Cars.com in the second quarter worth $208,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Cars.com in the third quarter worth $212,000. Finally, Meridian Investment Counsel Inc. acquired a new stake in shares of Cars.com in the second quarter worth $214,000.

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Cars.com Company Profile

Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.

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