Shares of Cars.com Inc. (NYSE:CARS) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $35.00.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Cars.com from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Barrington Research reiterated a “buy” rating on shares of Cars.com in a research note on Monday, August 6th. Benchmark reiterated a “hold” rating on shares of Cars.com in a research note on Thursday, August 9th. Finally, ValuEngine lowered shares of Cars.com from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th.

Several hedge funds and other institutional investors have recently bought and sold shares of CARS. Natixis Advisors L.P. grew its stake in shares of Cars.com by 256.8% in the 1st quarter. Natixis Advisors L.P. now owns 43,386 shares of the company’s stock worth $1,229,000 after acquiring an additional 31,226 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cars.com by 36.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,109,238 shares of the company’s stock worth $88,085,000 after acquiring an additional 824,872 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Cars.com in the 1st quarter worth $819,000. Principal Financial Group Inc. grew its stake 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 acquiring an additional 8,284 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Cars.com in the 1st quarter worth $260,000.

CARS stock traded up $0.60 during midday trading on Monday, reaching $25.50. 694,077 shares of the company’s stock traded hands, compared to its average volume of 1,086,169. The firm has a market capitalization of $1.93 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 2.77 and a beta of -0.20. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.43. Cars.com has a 52 week low of $20.94 and a 52 week high of $32.94.

Cars.com (NYSE:CARS) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.39). The business had revenue of $168.50 million for the quarter, compared to the consensus estimate of $171.75 million. Cars.com had a net margin of 28.90% and a return on equity of 7.78%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. On average, equities analysts predict that Cars.com will post 1.99 earnings per share for the current fiscal year.

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.

Further Reading: Cash Flow

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