Cars.com (CARS) Earns Buy Rating from Barrington Research

Cars.com (NYSE:CARS)‘s stock had its “buy” rating reiterated by investment analysts at Barrington Research in a report issued on Thursday.

Several other brokerages also recently commented on CARS. Zacks Investment Research upgraded shares of Cars.com from a “sell” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday, January 9th. B. Riley restated a “buy” rating and issued a $36.00 target price (up previously from $32.00) on shares of Cars.com in a research note on Friday, January 5th. Finally, ValuEngine downgraded shares of Cars.com from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $34.88.

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Shares of Cars.com (NYSE:CARS) opened at $29.78 on Thursday. Cars.com has a 52 week low of $19.90 and a 52 week high of $32.28. The company has a current ratio of 1.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.33.

Cars.com (NYSE:CARS) last issued its earnings results on Tuesday, March 6th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.16. Cars.com had a net margin of 35.84% and a return on equity of 8.16%. The company had revenue of $156.57 million for the quarter, compared to the consensus estimate of $156.30 million. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. research analysts expect that Cars.com will post 1 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ING Groep NV lifted its position in Cars.com by 23.2% during the 4th quarter. ING Groep NV now owns 10,800 shares of the company’s stock worth $311,000 after buying an additional 2,034 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Cars.com by 1.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 225,089 shares of the company’s stock worth $5,989,000 after buying an additional 2,339 shares in the last quarter. Geode Capital Management LLC lifted its position in Cars.com by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 580,154 shares of the company’s stock worth $16,731,000 after buying an additional 3,020 shares in the last quarter. FNY Partners Fund LP lifted its position in Cars.com by 17.0% during the 3rd quarter. FNY Partners Fund LP now owns 23,857 shares of the company’s stock worth $634,000 after buying an additional 3,470 shares in the last quarter. Finally, First Mercantile Trust Co. acquired a new position in Cars.com during the 4th quarter worth about $105,000.

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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.

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