Cars.com Inc (CARS) Given Average Recommendation of “Buy” by Brokerages

Cars.com Inc (NYSE:CARS) has earned a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company.

Brokers have set a 1 year consensus price target of $34.50 for the company and are forecasting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Cars.com an industry rank of 116 out of 265 based on the ratings given to its competitors.

A number of research analysts have weighed in on CARS shares. B. Riley reiterated a “buy” rating and set a $32.00 price objective on shares of Cars.com in a research report on Tuesday, December 19th. Zacks Investment Research cut shares of Cars.com from a “hold” rating to a “strong sell” rating in a research report on Monday, November 13th. Barrington Research boosted their price objective on shares of Cars.com from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. Finally, ValuEngine cut shares of Cars.com from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.

Cars.com (NYSE:CARS) traded down $0.24 during trading on Wednesday, reaching $27.22. 949,737 shares of the company were exchanged, compared to its average volume of 1,379,700. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.40. Cars.com has a 52 week low of $19.90 and a 52 week high of $32.28.

Cars.com (NYSE:CARS) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.16. Cars.com had a net margin of 19.24% and a return on equity of 8.18%. equities research analysts predict that Cars.com will post 1.28 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of CARS. Wells Fargo & Company MN bought a new position in shares of Cars.com in the second quarter worth about $4,439,000. Alliancebernstein L.P. bought a new position in shares of Cars.com in the second quarter worth about $2,880,000. Teachers Advisors LLC bought a new position in shares of Cars.com in the second quarter worth about $3,442,000. TIAA CREF Investment Management LLC bought a new position in shares of Cars.com in the second quarter worth about $5,193,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Cars.com in the second quarter worth about $5,931,000.

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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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