Analysts Set Cars.com Inc. (CARS) PT at $28.50

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Shares of Cars.com Inc. (NYSE:CARS) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $28.50.

CARS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Cars.com from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. DA Davidson set a $31.00 price target on shares of Cars.com and gave the company a “buy” rating in a report on Wednesday, January 16th. Craig Hallum raised shares of Cars.com from a “hold” rating to a “buy” rating and set a $25.75 price target for the company in a report on Thursday, January 17th. BTIG Research raised shares of Cars.com from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, January 22nd. Finally, ValuEngine raised shares of Cars.com from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th.

Several large investors have recently added to or reduced their stakes in CARS. BlackRock Inc. raised its holdings in shares of Cars.com by 1.2% in the fourth quarter. BlackRock Inc. now owns 7,769,635 shares of the company’s stock valued at $167,047,000 after purchasing an additional 95,403 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Cars.com by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,803,943 shares of the company’s stock worth $124,785,000 after purchasing an additional 462,594 shares during the period. Investec Asset Management LTD lifted its position in Cars.com by 8.1% during the fourth quarter. Investec Asset Management LTD now owns 4,838,793 shares of the company’s stock worth $104,034,000 after purchasing an additional 362,503 shares during the period. New South Capital Management Inc. lifted its position in Cars.com by 3.1% during the fourth quarter. New South Capital Management Inc. now owns 2,263,018 shares of the company’s stock worth $48,655,000 after purchasing an additional 67,286 shares during the period. Finally, Norges Bank bought a new stake in Cars.com during the fourth quarter worth about $20,127,000.

Shares of NYSE:CARS traded up $1.00 during midday trading on Friday, hitting $21.40. 61,045 shares of the company’s stock traded hands, compared to its average volume of 1,063,248. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 2.53 and a beta of 1.08. Cars.com has a twelve month low of $19.74 and a twelve month high of $32.94.

Cars.com (NYSE:CARS) last posted its earnings results on Thursday, February 28th. The company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.06). The business had revenue of $164.35 million for the quarter, compared to analyst estimates of $166.49 million. Cars.com had a net margin of 5.86% and a return on equity of 7.78%. On average, analysts predict that Cars.com will post 1.64 earnings per share for the current year.

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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Analyst Recommendations for Cars.com (NYSE:CARS)

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