Cars.com (CARS) Shares Gap Up to $27.89

Cars.com Inc (NYSE:CARS)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $25.90, but opened at $27.89. Cars.com shares last traded at $29.23, with a volume of 5115200 shares changing hands.

Several equities analysts have commented on the company. B. Riley assumed coverage on Cars.com in a research report on Wednesday, September 27th. They issued a “buy” rating and a $36.00 price objective on the stock. Barrington Research upped their target price on Cars.com from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Finally, Zacks Investment Research cut Cars.com from a “hold” rating to a “strong sell” rating in a report on Monday, November 13th.

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.43 and a quick ratio of 1.43.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Cars.com during the second quarter worth about $213,818,000. Vanguard Group Inc. acquired a new stake in Cars.com during the second quarter worth about $167,497,000. Artisan Partners Limited Partnership acquired a new stake in Cars.com during the second quarter worth about $120,572,000. New South Capital Management Inc. acquired a new stake in Cars.com during the second quarter worth about $77,402,000. Finally, Fairpointe Capital LLC acquired a new stake in Cars.com during the second quarter worth about $72,843,000.

COPYRIGHT VIOLATION NOTICE: This report was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://sportsperspectives.com/2017/12/19/cars-com-cars-shares-gap-up-to-27-89.html.

About Cars.com

Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.

Receive News & Ratings for Cars.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply