Analysts Set Cars.com Inc. (CARS) Target Price at $35.00

Cars.com Inc. (NYSE:CARS) has been given an average recommendation of “Hold” by the seven analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $35.00.

Several equities research analysts have weighed in on the stock. Barrington Research reissued a “buy” rating on shares of Cars.com in a research report on Thursday, October 4th. Benchmark reissued a “hold” rating on shares of Cars.com in a research report on Thursday, August 9th. BTIG Research assumed coverage on shares of Cars.com in a research report on Tuesday, November 13th. They set a “neutral” rating for the company. ValuEngine raised shares of Cars.com from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, Zacks Investment Research cut shares of Cars.com from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in shares of Cars.com by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 310,627 shares of the company’s stock worth $8,800,000 after purchasing an additional 8,284 shares during the period. New York State Teachers Retirement System lifted its position in shares of Cars.com by 6.8% in the 2nd quarter. New York State Teachers Retirement System now owns 130,769 shares of the company’s stock worth $3,713,000 after purchasing an additional 8,300 shares during the period. Wells Fargo & Company MN lifted its position in shares of Cars.com by 311.8% in the 2nd quarter. Wells Fargo & Company MN now owns 551,092 shares of the company’s stock worth $15,645,000 after purchasing an additional 417,266 shares during the period. First Trust Advisors LP purchased a new stake in shares of Cars.com in the 2nd quarter worth about $2,424,000. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of Cars.com in the 2nd quarter worth about $9,684,000.

Shares of Cars.com stock traded down $0.73 during trading on Tuesday, reaching $24.59. The company’s stock had a trading volume of 1,031,500 shares, compared to its average volume of 1,043,207. Cars.com has a 52-week low of $23.77 and a 52-week high of $32.94. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.80 and a beta of 0.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Cars.com (NYSE:CARS) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Cars.com had a net margin of 27.69% and a return on equity of 7.77%. The business had revenue of $169.30 million during the quarter, compared to analysts’ expectations of $168.04 million. During the same period last year, the company posted $0.48 EPS. Cars.com’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that Cars.com will post 1.85 earnings per share for the current fiscal 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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