Cars.com Inc (NYSE:CARS) – Research analysts at Barrington Research lifted their FY2017 earnings per share (EPS) estimates for Cars.com in a note issued to investors on Wednesday. Barrington Research analyst G. Prestopino now expects that the company will post earnings per share of $1.31 for the year, up from their prior forecast of $1.27. Barrington Research currently has a “Buy” rating and a $42.50 target price on the stock. Barrington Research also issued estimates for Cars.com’s FY2019 earnings at $1.02 EPS.
Several other equities research analysts also recently issued reports on CARS. Zacks Investment Research downgraded shares of Cars.com from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. B. Riley reiterated a “buy” rating and set a $36.00 price objective on shares of Cars.com in a research note on Wednesday, January 31st. Finally, ValuEngine downgraded shares of Cars.com from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.88.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARS. Catalus Capital Management LLC purchased a new stake in Cars.com during the fourth quarter worth approximately $192,402,000. Investec Asset Management LTD boosted its stake in shares of Cars.com by 300.6% in the fourth quarter. Investec Asset Management LTD now owns 3,431,613 shares of the company’s stock valued at $98,968,000 after purchasing an additional 2,575,002 shares during the period. State Street Corp purchased a new position in shares of Cars.com in the second quarter valued at $68,536,000. Evercore Trust Company N.A. purchased a new position in shares of Cars.com in the third quarter valued at $59,099,000. Finally, Jackson Square Partners LLC purchased a new position in shares of Cars.com in the third quarter valued at $53,311,000.
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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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