Zacks Investment Research upgraded shares of Cars.com (NYSE:CARS) from a sell rating to a hold rating in a research report released on Wednesday.

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. “

Several other research firms also recently commented on CARS. Barrington Research restated a buy rating on shares of Cars.com in a report on Thursday, October 4th. Benchmark restated a hold rating on shares of Cars.com in a report on Thursday, August 9th. BTIG Research initiated coverage on Cars.com in a report on Tuesday, November 13th. They set a neutral rating on the stock. Finally, ValuEngine upgraded Cars.com from a sell rating to a hold rating in a report on Tuesday, October 23rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Cars.com presently has a consensus rating of Hold and a consensus target price of $37.13.

CARS opened at $24.59 on Wednesday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 2.66 and a beta of 0.21. Cars.com has a 52 week low of $23.77 and a 52 week high of $32.94. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Cars.com (NYSE:CARS) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). The firm had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $168.04 million. Cars.com had a return on equity of 7.77% and a net margin of 27.69%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, equities research analysts forecast that Cars.com will post 1.85 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Cars.com by 3.9% in the 2nd quarter. BlackRock Inc. now owns 8,100,935 shares of the company’s stock valued at $229,984,000 after acquiring an additional 305,592 shares during the period. Starboard Value LP increased its holdings in shares of Cars.com by 10.1% in the 3rd quarter. Starboard Value LP now owns 6,292,000 shares of the company’s stock valued at $173,722,000 after acquiring an additional 575,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Cars.com by 18.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,341,349 shares of the company’s stock valued at $147,475,000 after acquiring an additional 822,127 shares during the period. Silver Point Capital L.P. increased its holdings in shares of Cars.com by 12.9% in the 3rd quarter. Silver Point Capital L.P. now owns 1,512,000 shares of the company’s stock valued at $41,746,000 after acquiring an additional 173,000 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Cars.com by 9.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,001,230 shares of the company’s stock valued at $28,426,000 after acquiring an additional 84,507 shares during the period.

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.

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