Cars.com (CARS) Reaches New 52-Week Low at $19.74

Cars.com Inc. (NYSE:CARS) shares hit a new 52-week low on Tuesday . The stock traded as low as $19.74 and last traded at $20.28, with a volume of 106436 shares traded. The stock had previously closed at $21.67.

Several research analysts have recently weighed in on CARS shares. ValuEngine cut shares of Cars.com from a “hold” rating to a “sell” rating in a research note on Tuesday, February 19th. DA Davidson set a $31.00 price target on shares of Cars.com and gave the stock a “buy” rating in a research note on Wednesday, January 16th. Zacks Investment Research upgraded shares of Cars.com from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Craig Hallum upgraded shares of Cars.com from a “hold” rating to a “buy” rating and set a $25.75 target price on the stock in a research note on Thursday, January 17th. Finally, Goldman Sachs Group assumed coverage on shares of Cars.com in a research note on Monday, March 18th. They set a “neutral” rating and a $23.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $26.60.

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19.

Cars.com (NYSE:CARS) last released its earnings results on Thursday, February 28th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). Cars.com had a net margin of 5.86% and a return on equity of 7.78%. The firm had revenue of $164.35 million for the quarter, compared to analysts’ expectations of $166.49 million. On average, analysts forecast that Cars.com Inc. will post 1.74 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oberweis Asset Management Inc. increased its holdings in Cars.com by 4.6% in the 4th quarter. Oberweis Asset Management Inc. now owns 11,300 shares of the company’s stock valued at $243,000 after acquiring an additional 500 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Cars.com by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 14,771 shares of the company’s stock valued at $318,000 after acquiring an additional 575 shares during the last quarter. Citigroup Inc. increased its holdings in Cars.com by 4.3% in the 4th quarter. Citigroup Inc. now owns 20,871 shares of the company’s stock valued at $448,000 after acquiring an additional 853 shares during the last quarter. Texas Permanent School Fund increased its holdings in Cars.com by 2.3% in the 4th quarter. Texas Permanent School Fund now owns 41,280 shares of the company’s stock valued at $888,000 after acquiring an additional 914 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Cars.com by 6.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 16,294 shares of the company’s stock valued at $350,000 after acquiring an additional 963 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “Cars.com (CARS) Reaches New 52-Week Low at $19.74” was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2019/04/16/cars-com-cars-reaches-new-52-week-low-at-19-74.html.

About Cars.com (NYSE:CARS)

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.

Read More: Using other technical indicators with support levels

Receive News & Ratings for Cars.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit