Cars.com Inc. (NYSE:CARS) has earned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $18.67.
Several equities analysts have recently issued reports on CARS shares. Northcoast Research started coverage on shares of Cars.com in a research note on Wednesday, February 2nd. They set a “neutral” rating for the company. DA Davidson raised their price target on shares of Cars.com from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 15th. Finally, Barrington Research reaffirmed an “outperform” rating on shares of Cars.com in a research note on Friday, October 29th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Eaton Vance Management bought a new position in shares of Cars.com during the fourth quarter valued at about $38,000. Marshall Wace LLP bought a new position in shares of Cars.com during the first quarter valued at about $63,000. FORA Capital LLC bought a new position in shares of Cars.com during the second quarter valued at about $43,000. Point72 Hong Kong Ltd lifted its position in shares of Cars.com by 56.3% during the third quarter. Point72 Hong Kong Ltd now owns 4,755 shares of the company’s stock valued at $60,000 after purchasing an additional 1,713 shares in the last quarter. Finally, Mutual of America Capital Management LLC bought a new position in shares of Cars.com during the fourth quarter valued at about $143,000. Hedge funds and other institutional investors own 94.65% of the company’s stock.
Shares of NYSE:CARS opened at $15.31 on Friday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 52.79 and a beta of 2.08. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a 50 day simple moving average of $15.83 and a 200 day simple moving average of $14.14. Cars.com has a one year low of $10.73 and a one year high of $19.09.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Cars.com right now?
Before you consider Cars.com, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Cars.com wasn’t on the list.
While Cars.com currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here