Cars.com Inc. (NYSE:CARS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Cars.com Inc. (NYSE:CARS) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.6667.

Several equities analysts recently issued reports on CARS shares. Weiss Ratings lowered shares of Cars.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 1st. B. Riley Financial lowered shares of Cars.com from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a report on Friday, May 8th. Zacks Research raised shares of Cars.com from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. BTIG Research boosted their target price on shares of Cars.com from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, UBS Group boosted their target price on shares of Cars.com from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, May 8th.

Institutional Trading of Cars.com

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in Cars.com by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 7,025 shares of the company’s stock valued at $83,000 after purchasing an additional 1,623 shares during the period. Tower Research Capital LLC TRC boosted its position in Cars.com by 436.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,960 shares of the company’s stock valued at $94,000 after buying an additional 6,475 shares during the period. Virtus Advisers LLC acquired a new stake in shares of Cars.com in the 3rd quarter valued at $100,000. State of Wyoming acquired a new stake in shares of Cars.com in the 2nd quarter valued at $115,000. Finally, AXA S.A. acquired a new stake in shares of Cars.com in the 2nd quarter valued at $126,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

Cars.com Stock Down 0.3%

Shares of NYSE:CARS opened at $9.56 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.98. Cars.com has a 12 month low of $7.40 and a 12 month high of $13.97. The company has a 50-day moving average price of $10.08 and a 200 day moving average price of $10.64. The company has a market cap of $534.35 million, a price-to-earnings ratio of 22.23 and a beta of 1.60.

Cars.com (NYSE:CARS) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $180.22 million during the quarter, compared to the consensus estimate of $180.16 million. Cars.com had a net margin of 3.73% and a return on equity of 18.12%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. As a group, equities research analysts predict that Cars.com will post 1.59 earnings per share for the current year.

Cars.com Company Profile

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.