Cars.com (NYSE:CARS) Price Target Cut to $14.00 by Analysts at JPMorgan Chase & Co.

Cars.com (NYSE:CARS) had its price objective decreased by JPMorgan Chase & Co. from $17.00 to $14.00 in a research note issued to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

CARS has been the subject of a number of other reports. DA Davidson decreased their price target on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a research report on Friday, February 28th. Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.90.

Cars.com Stock Performance

Shares of CARS stock opened at $11.30 on Thursday. The firm has a market capitalization of $721.41 million, a price-to-earnings ratio of 19.48 and a beta of 2.16. The company has a 50 day moving average price of $14.93 and a 200 day moving average price of $16.58. Cars.com has a one year low of $10.80 and a one year 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.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in Cars.com by 130.9% in the third quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock valued at $777,000 after acquiring an additional 26,276 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Cars.com by 145.2% in the 3rd 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 last quarter. Intech Investment Management LLC acquired a new stake in shares of Cars.com in the 3rd quarter valued at about $369,000. Charles Schwab Investment Management Inc. lifted its position in shares of Cars.com by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 804,483 shares of the company’s stock worth $13,483,000 after purchasing an additional 17,501 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in Cars.com by 304.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 61,809 shares of the company’s stock worth $1,036,000 after purchasing an additional 46,515 shares in the last quarter. Institutional investors and hedge funds 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.