Cars.com (NYSE:CARS) Upgraded at Zacks Investment Research

Cars.com (NYSE:CARS) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued to investors on Tuesday, January 9th. The firm presently has a $36.00 price target on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 16.28% from the stock’s current price.

According to Zacks, “Cars.com Inc. operates an online automotive platform. The Company offers new and used vehicle listings, expert and consumer reviews, research tools and other information. It also engaged in the sale of display advertising to national advertisers. Cars.com Inc. is based in Chicago, United States. “

CARS has been the subject of a number of other research reports. B. Riley reiterated a “buy” rating and issued a $36.00 price objective (up previously from $32.00) on shares of Cars.com in a report on Friday, January 5th. Barrington Research increased their price objective on shares of Cars.com from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Finally, ValuEngine downgraded shares of Cars.com from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Cars.com presently has an average rating of “Buy” and a consensus target price of $35.50.

Cars.com (NYSE:CARS) traded up $0.39 during mid-day trading on Tuesday, hitting $30.96. 1,102,833 shares of the stock traded hands, compared to its average volume of 1,624,970. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.43 and a current ratio of 1.43. Cars.com has a twelve month low of $19.90 and a twelve month high of $32.28.

Cars.com (NYSE:CARS) last posted its earnings results on Wednesday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. Cars.com had a net margin of 19.24% and a return on equity of 8.18%. sell-side analysts forecast that Cars.com will post 1.28 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in shares of Cars.com by 1.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 225,089 shares of the company’s stock worth $5,989,000 after purchasing an additional 2,339 shares during the period. Mutual of America Capital Management LLC boosted its position in Cars.com by 4.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 60,608 shares of the company’s stock valued at $1,613,000 after buying an additional 2,705 shares during the period. FNY Partners Fund LP boosted its position in Cars.com by 17.0% in the 3rd quarter. FNY Partners Fund LP now owns 23,857 shares of the company’s stock valued at $634,000 after buying an additional 3,470 shares during the period. American International Group Inc. boosted its position in Cars.com by 2.4% in the 3rd quarter. American International Group Inc. now owns 209,501 shares of the company’s stock valued at $5,575,000 after buying an additional 4,855 shares during the period. Finally, Jane Street Group LLC boosted its position in Cars.com by 47.0% in the 3rd quarter. Jane Street Group LLC now owns 15,763 shares of the company’s stock valued at $419,000 after buying an additional 5,038 shares during the period.

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About Cars.com

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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