Cars.com (NYSE:CARS) Hits New 1-Year Low – Should You Sell?

Cars.com Inc. (NYSE:CARS) shares reached a new 52-week low on Thursday . The company traded as low as $10.28 and last traded at $10.42, with a volume of 325008 shares trading hands. The stock had previously closed at $11.64.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CARS. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a report on Tuesday, March 4th. DA Davidson lowered their target price on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Cars.com from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.90.

Cars.com Price Performance

The firm’s 50-day moving average is $14.57 and its 200-day moving average is $16.46. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $682.21 million, a PE ratio of 18.42 and a beta of 2.16.

Hedge Funds Weigh In On Cars.com

Several institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in shares of Cars.com by 1.7% during the 3rd quarter. FMR LLC now owns 9,902,561 shares of the company’s stock valued at $165,967,000 after purchasing an additional 162,692 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Cars.com by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,121,007 shares of the company’s stock worth $123,407,000 after buying an additional 115,083 shares during the period. Boston Partners lifted its stake in shares of Cars.com by 26.0% in the 4th quarter. Boston Partners now owns 3,178,426 shares of the company’s stock valued at $55,021,000 after acquiring an additional 655,518 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cars.com by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company’s stock valued at $54,984,000 after acquiring an additional 55,143 shares during the period. Finally, Pacer Advisors Inc. grew its position in Cars.com by 2.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company’s stock worth $44,350,000 after acquiring an additional 65,210 shares during the last quarter. 89.15% of the stock is currently owned by 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.