Brokerages Set Cars.com Inc. (CARS) PT at $35.00

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Shares of Cars.com Inc. (NYSE:CARS) have been assigned a consensus rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $35.00.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Cars.com from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Barrington Research reiterated a “buy” rating on shares of Cars.com in a research report on Monday, August 6th. Benchmark reiterated a “hold” rating on shares of Cars.com in a research report on Thursday, August 9th. Finally, ValuEngine cut Cars.com from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th.

Shares of CARS traded down $0.42 during midday trading on Friday, reaching $25.88. 159,889 shares of the stock were exchanged, compared to its average volume of 786,405. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.42 and a current ratio of 1.42. Cars.com has a twelve month low of $20.94 and a twelve month high of $32.94. The stock has a market capitalization of $1.84 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 2.65 and a beta of 0.22.

Cars.com (NYSE:CARS) last posted its earnings results on Wednesday, August 8th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.39). Cars.com had a return on equity of 7.78% and a net margin of 28.90%. The firm had revenue of $168.50 million for the quarter, compared to analyst estimates of $171.75 million. During the same quarter last year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts forecast that Cars.com will post 1.99 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Anavon Capital LLP acquired a new position in Cars.com in the 3rd quarter valued at about $8,316,000. JPMorgan Chase & Co. increased its position in Cars.com by 167.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 183,646 shares of the company’s stock valued at $5,071,000 after acquiring an additional 114,894 shares during the period. SG Americas Securities LLC increased its position in Cars.com by 118.7% in the 3rd quarter. SG Americas Securities LLC now owns 28,334 shares of the company’s stock valued at $782,000 after acquiring an additional 15,379 shares during the period. Virginia Retirement Systems ET AL increased its position in Cars.com by 13.0% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 37,500 shares of the company’s stock valued at $1,035,000 after acquiring an additional 4,300 shares during the period. Finally, Wells Fargo & Company MN increased its position in Cars.com by 18.0% in the 3rd quarter. Wells Fargo & Company MN now owns 650,284 shares of the company’s stock valued at $17,955,000 after acquiring an additional 99,192 shares during the period.

About Cars.com

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.

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