Cars.com (CARS) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Cars.com (NYSE:CARS) from a sell rating to a hold rating in a report issued on Wednesday.

According to Zacks, “Cars.com Inc. operates an online automotive platform. The Company offers new and used vehicle listings, expert and consumer reviews, research tools and other information. It also engaged in the sale of display advertising to national advertisers. Cars.com Inc. is based in Chicago, United States. “

Other equities analysts have also recently issued reports about the stock. BTIG Research began coverage on shares of Cars.com in a report on Tuesday, November 13th. They set a neutral rating on the stock. ValuEngine upgraded shares of Cars.com from a sell rating to a hold rating in a report on Tuesday, October 23rd. Barrington Research restated a buy rating on shares of Cars.com in a report on Monday, November 12th. Finally, Benchmark restated a hold rating on shares of Cars.com in a report on Thursday, August 9th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $35.10.

Cars.com stock opened at $24.27 on Wednesday. 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 has a 12 month low of $23.69 and a 12 month high of $32.94. The firm has a market cap of $1.72 billion, a PE ratio of 10.64, a P/E/G ratio of 2.71 and a beta of 0.21.

Cars.com (NYSE:CARS) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, missing the 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 company had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $168.04 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. As a group, equities analysts expect that Cars.com will post 1.85 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of CARS. Principal Financial Group Inc. boosted its holdings in Cars.com by 2.7% in the first 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 in the last quarter. New York State Teachers Retirement System boosted its holdings in Cars.com by 6.8% in the second 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 in the last quarter. Wells Fargo & Company MN boosted its holdings in Cars.com by 311.8% in the second 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 in the last quarter. First Trust Advisors LP bought a new stake in Cars.com in the second quarter worth $2,424,000. Finally, Virginia Retirement Systems ET AL bought a new stake in Cars.com in the second quarter worth $943,000.

Cars.com Company Profile

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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