Cars.com’s (CARS) Outperform Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Cars.com (NYSE:CARS) in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a $25.00 price objective on the stock.

Several other research firms have also commented on CARS. JPMorgan Chase & Co. boosted their price target on shares of Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, November 8th. B. Riley reduced their price objective on shares of Cars.com from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, UBS Group increased their target price on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Cars.com Stock Performance

CARS stock opened at $18.72 on Wednesday. Cars.com has a 1-year low of $15.05 and a 1-year high of $21.24. The business has a 50-day moving average price of $16.75 and a 200 day moving average price of $18.04. The company has a market capitalization of $1.21 billion, a P/E ratio of 32.27 and a beta of 2.10. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cars.com by 30.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,907 shares of the company’s stock valued at $1,056,000 after acquiring an additional 13,526 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Cars.com by 3.9% in the 1st quarter. BNP Paribas Financial Markets now owns 61,314 shares of the company’s stock worth $1,053,000 after purchasing an additional 2,308 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Cars.com by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 53,906 shares of the company’s stock worth $926,000 after buying an additional 698 shares during the last quarter. Headlands Technologies LLC acquired a new position in Cars.com during the 1st quarter valued at about $28,000. Finally, Russell Investments Group Ltd. raised 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 valued at $10,573,000 after buying an additional 205,871 shares during the last quarter. Institutional investors own 89.15% of the company’s stock.

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.