ValuEngine Lowers Cars.com (CARS) to Sell
Other equities research analysts have also recently issued reports about the stock. Barrington Research reiterated a buy rating and issued a $37.50 price objective on shares of Cars.com in a report on Monday, May 6th. Zacks Investment Research upgraded shares of Cars.com from a strong sell rating to a hold rating in a report on Wednesday, May 1st. Goldman Sachs Group began coverage on shares of Cars.com in a report on Monday, March 18th. They issued a neutral rating and a $23.00 price objective for the company. Craig Hallum cut shares of Cars.com from a buy rating to a hold rating and set a $25.00 price objective for the company. in a report on Thursday, February 28th. Finally, DA Davidson decreased their price objective on shares of Cars.com to $28.00 and set a positive rating for the company in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Cars.com currently has a consensus rating of Hold and an average target price of $28.42.
Shares of NYSE:CARS opened at $21.17 on Thursday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 2.77 and a beta of 1.07. Cars.com has a 1 year low of $19.74 and a 1 year high of $32.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.17 and a quick ratio of 1.17.
Hedge funds have recently added to or reduced their stakes in the business. Quantamental Technologies LLC bought a new stake in Cars.com during the fourth quarter valued at about $28,000. Bessemer Group Inc. bought a new stake in Cars.com during the fourth quarter valued at about $36,000. Covington Capital Management boosted its holdings in Cars.com by 1,267.5% during the fourth quarter. Covington Capital Management now owns 2,735 shares of the company’s stock valued at $59,000 after acquiring an additional 2,535 shares during the period. Marshall Wace LLP bought a new stake in Cars.com during the first quarter valued at about $63,000. Finally, Edge Wealth Management LLC bought a new stake in Cars.com during the first quarter valued at about $69,000.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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