Cars.com (NYSE:CARS) Given Outperform Rating at Barrington Research

Cars.com (NYSE:CARS)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $25.00 price objective on the stock. Barrington Research’s price target suggests a potential upside of 57.18% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. UBS Group increased their target price on 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. lifted their target price on shares of Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th.

Cars.com Price Performance

CARS stock opened at $15.91 on Monday. The firm has a market cap of $1.03 billion, a P/E ratio of 27.42 and a beta of 2.15. The firm’s fifty day moving average is $17.48 and its 200 day moving average is $17.50. Cars.com has a 52 week low of $15.05 and a 52 week high of $21.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79.

Insider Buying and Selling at Cars.com

In other news, Director Jill A. Greenthal sold 4,524 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were 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 approximately $2,024,985.18. This trade represents a 4.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sonia Jain sold 24,971 shares of Cars.com stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $19.74, for a total transaction of $492,927.54. Following the sale, the chief financial officer now directly owns 229,229 shares in the company, valued at $4,524,980.46. The trade was a 9.82 % decrease in their position. The disclosure for this sale can be found here. 2.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Cars.com

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its holdings in shares of Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock worth $29,000 after acquiring an additional 1,079 shares during the period. Sterling Capital Management LLC boosted its position in shares of Cars.com by 813.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,109 shares of the company’s stock valued at $37,000 after purchasing an additional 1,878 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Cars.com by 145.2% in the third quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock worth $53,000 after purchasing an additional 1,864 shares during the period. Quarry LP raised its holdings in Cars.com by 184.5% in the fourth quarter. Quarry LP now owns 3,476 shares of the company’s stock worth $60,000 after purchasing an additional 2,254 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Cars.com in the fourth quarter worth $61,000. 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.