Cars.com (CARS) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Cars.com (NYSE:CARS) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning.

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 topic of a number of other research reports. ValuEngine upgraded Cars.com from a sell rating to a hold rating in a report on Monday, June 11th. Barrington Research reiterated a buy rating on shares of Cars.com in a report on Thursday, October 4th. Finally, Benchmark reiterated a hold rating on shares of Cars.com in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $37.13.

Shares of NYSE CARS opened at $25.50 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $1.93 billion, a P/E ratio of 11.18, a P/E/G ratio of 2.77 and a beta of -0.20. Cars.com has a 52-week low of $20.94 and a 52-week high of $32.94.

Cars.com (NYSE:CARS) last issued its earnings results on Wednesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.39). The company had revenue of $168.50 million during the quarter, compared to analyst estimates of $171.75 million. Cars.com had a return on equity of 7.78% and a net margin of 28.90%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. As a group, research analysts expect that Cars.com will post 1.99 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Cars.com by 9.2% during the second quarter. Bank of New York Mellon Corp now owns 1,001,230 shares of the company’s stock valued at $28,426,000 after buying an additional 84,507 shares in the last quarter. AMG Funds LLC grew its holdings in shares of Cars.com by 9.3% during the second quarter. AMG Funds LLC now owns 57,179 shares of the company’s stock valued at $1,623,000 after buying an additional 4,846 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Cars.com by 168.4% during the first quarter. Guggenheim Capital LLC now owns 91,540 shares of the company’s stock valued at $2,594,000 after buying an additional 57,431 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Cars.com in the first quarter valued at about $484,000. Finally, WINTON GROUP Ltd purchased a new position in Cars.com in the second quarter valued at about $3,260,000.

About Cars.com

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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