UBS Group Lowers Cars.com (NYSE:CARS) Price Target to $19.00

Cars.com (NYSE:CARS) had its target price lowered by stock analysts at UBS Group from $20.00 to $19.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 12.89% from the stock’s current price.

A number of other equities analysts also recently issued reports on CARS. JPMorgan Chase & Co. downgraded Cars.com from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $19.00 in a research report on Friday. Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a research note on Monday, August 5th.

Cars.com Stock Up 0.2 %

Shares of CARS traded up $0.04 on Friday, hitting $16.83. The company’s stock had a trading volume of 1,110,122 shares, compared to its average volume of 433,759. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.98. The firm’s fifty day moving average price is $19.42 and its 200-day moving average price is $18.33. Cars.com has a fifty-two week low of $14.82 and a fifty-two week high of $21.24. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.72 and a beta of 2.21.

Cars.com (NYSE:CARS) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). Cars.com had a net margin of 15.34% and a return on equity of 22.28%. The business had revenue of $180.18 million during the quarter, compared to the consensus estimate of $179.81 million. On average, equities research analysts expect that Cars.com will post 1.49 EPS for the current year.

Insider Activity

In other Cars.com news, Director Bryan Wiener sold 10,000 shares of Cars.com stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $20.51, for a total transaction of $205,100.00. Following the completion of the transaction, the director now owns 62,913 shares in the company, valued at $1,290,345.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Cars.com news, CEO Thomas Alex Vetter sold 17,674 shares of Cars.com stock in a transaction on Friday, July 12th. The stock was sold at an average price of $19.23, for a total value of $339,871.02. Following the completion of the sale, the chief executive officer now owns 598,934 shares of the company’s stock, valued at approximately $11,517,500.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bryan Wiener sold 10,000 shares of Cars.com stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $20.51, for a total value of $205,100.00. Following the completion of the sale, the director now directly owns 62,913 shares of the company’s stock, valued at approximately $1,290,345.63. The disclosure for this sale can be found here. Insiders sold a total of 73,559 shares of company stock worth $1,434,619 in the last quarter. 2.12% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cars.com

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Cars.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 7,216,683 shares of the company’s stock worth $123,983,000 after purchasing an additional 81,645 shares in the last quarter. Greenvale Capital LLP grew its stake in Cars.com by 2.0% in the fourth quarter. Greenvale Capital LLP now owns 4,628,403 shares of the company’s stock worth $87,801,000 after purchasing an additional 90,222 shares in the last quarter. Boston Partners grew its stake in Cars.com by 25.0% in the first quarter. Boston Partners now owns 2,153,942 shares of the company’s stock worth $36,972,000 after purchasing an additional 430,654 shares in the last quarter. American Century Companies Inc. grew its stake in Cars.com by 19.4% in the second quarter. American Century Companies Inc. now owns 1,078,757 shares of the company’s stock worth $21,252,000 after purchasing an additional 175,094 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Cars.com by 50.3% in the first quarter. Russell Investments Group Ltd. now owns 615,408 shares of the company’s stock worth $10,573,000 after purchasing an additional 205,871 shares in the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

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.