B. Riley set a $18.00 target price on Cars.com (NYSE:CARS) in a research note released on Friday morning, TipRanks reports. The firm currently has a buy rating on the stock.
A number of other research firms also recently commented on CARS. ValuEngine downgraded shares of Cars.com from a sell rating to a strong sell rating in a report on Tuesday, August 6th. Craig Hallum upgraded shares of Cars.com from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Monday. They noted that the move was a valuation call. DA Davidson downgraded shares of Cars.com from a buy rating to a neutral rating in a report on Tuesday, August 6th. Zacks Investment Research downgraded shares of Cars.com from a hold rating to a strong sell rating in a report on Monday, August 12th. Finally, TheStreet downgraded shares of Cars.com from a c rating to a d rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $24.31.
Shares of CARS traded up $0.07 during mid-day trading on Friday, hitting $11.01. 2,594,230 shares of the company were exchanged, compared to its average volume of 1,307,641. Cars.com has a 1-year low of $8.23 and a 1-year high of $28.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50 day moving average of $11.39 and a 200-day moving average of $19.13. The stock has a market cap of $666.72 million, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.
Cars.com (NYSE:CARS) last released its quarterly earnings results on Monday, August 5th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.08). The company had revenue of $148.20 million for the quarter, compared to analyst estimates of $160.18 million. Cars.com had a return on equity of 6.51% and a net margin of 1.59%. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. Research analysts anticipate that Cars.com will post 1.1 earnings per share for the current fiscal year.
In other news, CEO Thomas Alex Vetter purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $10.19 per share, for a total transaction of $203,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James F. Rogers purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of $9.99 per share, with a total value of $99,900.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 58,948 shares of company stock valued at $575,784. 0.04% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CARS. Marshall Wace LLP acquired a new stake in shares of Cars.com during the 1st quarter worth approximately $63,000. Altshuler Shaham Ltd acquired a new stake in shares of Cars.com during the 2nd quarter worth approximately $105,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Cars.com during the 2nd quarter worth approximately $180,000. Point72 Asset Management L.P. acquired a new stake in shares of Cars.com during the 2nd quarter worth approximately $185,000. Finally, Pension Partners LLC acquired a new stake in shares of Cars.com during the 2nd quarter worth approximately $197,000.
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.
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