Cars.com (NYSE:CARS) Earns “Outperform” Rating from Barrington Research

Cars.com (NYSE:CARS)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They presently have a $25.00 target price on the stock. Barrington Research’s target price indicates a potential upside of 34.21% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. UBS Group increased their target price on shares of Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

Cars.com Price Performance

Shares of NYSE CARS traded up $0.51 during trading on Tuesday, hitting $18.63. 644,250 shares of the company were exchanged, compared to its average volume of 398,501. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.79. Cars.com has a 1 year low of $15.05 and a 1 year high of $21.24. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 32.12 and a beta of 2.15. The firm’s fifty day moving average price is $18.13 and its 200 day moving average price is $17.73.

Insider Activity at Cars.com

In other news, CFO Sonia Jain sold 24,971 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $19.74, for a total value of $492,927.54. Following the completion of the sale, the chief financial officer now owns 229,229 shares of the company’s stock, valued at $4,524,980.46. This represents a 9.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jill A. Greenthal sold 4,524 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $19.86, for a total value of $89,846.64. Following the completion of the sale, the director now directly owns 101,963 shares of the company’s stock, valued at $2,024,985.18. The trade was a 4.25 % decrease in their position. The disclosure for this sale can be found here. 2.12% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cars.com in the 2nd quarter worth approximately $38,000. Advisors Asset Management Inc. increased its stake in Cars.com by 145.2% during the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock valued at $53,000 after purchasing an additional 1,864 shares during the last quarter. CWM LLC raised its holdings in shares of Cars.com by 62.4% during the third quarter. CWM LLC now owns 3,569 shares of the company’s stock worth $60,000 after purchasing an additional 1,372 shares during the period. KBC Group NV lifted its position in shares of Cars.com by 68.2% in the 4th quarter. KBC Group NV now owns 3,885 shares of the company’s stock worth $67,000 after buying an additional 1,575 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Cars.com in the 3rd quarter valued at about $171,000. 89.15% of the stock is owned by institutional investors and hedge funds.

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.