Cars.com Inc. (NYSE:CARS) Stock Has Consensus Price Target of $14.58 According to Analysts

Cars.com Inc. (NYSE:CARS) has been assigned a consensus rating of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $14.58.

A number of equities research analysts recently weighed in on the company. Weiss Ratings cut Cars.com from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 29th. BTIG Research reissued a “buy” rating and issued a $14.00 price objective on shares of Cars.com in a research note on Thursday, August 6th. UBS Group decreased their target price on Cars.com from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Zacks Research upgraded Cars.com from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th.

Cars.com Price Performance

Shares of Cars.com stock opened at $9.70 on Thursday. The stock has a market capitalization of $519.08 million, a price-to-earnings ratio of 17.01 and a beta of 1.64. The firm’s 50-day moving average price is $11.38 and its two-hundred day moving average price is $10.70. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. Cars.com has a 1-year low of $7.40 and a 1-year high of $13.69.

Cars.com (NYSE:CARS) last posted its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $179.93 million during the quarter, compared to analysts’ expectations of $180.53 million. Cars.com had a net margin of 4.73% and a return on equity of 18.82%. Cars.com’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, equities analysts predict that Cars.com will post 1.61 earnings per share for the current fiscal year.

Insider Activity

In other Cars.com news, insider Angelique Marks sold 57,980 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $11.94, for a total value of $692,281.20. Following the completion of the sale, the insider owned 149,636 shares in the company, valued at approximately $1,786,653.84. This trade represents a 27.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jr. Donald A. Mcgovern sold 8,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $12.25, for a total transaction of $98,000.00. Following the completion of the transaction, the director directly owned 102,900 shares of the company’s stock, valued at approximately $1,260,525. This represents a 7.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.36% of the stock is owned by corporate insiders.

Institutional Trading of Cars.com

Several hedge funds have recently modified their holdings of CARS. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Cars.com in the second quarter valued at approximately $1,118,000. Bank of New York Mellon Corp acquired a new position in Cars.com during the 2nd quarter worth $2,748,000. Globeflex Capital L P acquired a new position in Cars.com during the 2nd quarter worth $1,345,000. Renaissance Technologies LLC boosted its position in Cars.com by 77.9% in the 1st quarter. Renaissance Technologies LLC now owns 580,189 shares of the company’s stock valued at $4,711,000 after buying an additional 253,991 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in Cars.com in the 1st quarter valued at $1,055,000. 89.15% of the stock is owned by institutional investors.

Cars.com Company Profile

Cars.com, Inc is a digital automotive marketplace that connects car shoppers with automobile dealers, manufacturers and other industry participants. Through its Cars.com platform, the company enables consumers to research vehicles, compare new and used cars, review pricing and features, read expert and consumer reviews, and connect with dealers about available inventory.

The company provides automotive retailers and manufacturers with digital marketing and technology solutions, including vehicle listings, advertising, inventory merchandising, lead generation, website and digital retailing tools, and customer engagement services.