UBS Group Increases Cars.com (NYSE:CARS) Price Target to $20.00

Cars.com (NYSE:CARS) had its target price boosted by equities research analysts at UBS Group from $17.00 to $20.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 8.11% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Barrington Research reissued an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a research note on Monday, November 4th. B. Riley dropped their price target on Cars.com from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on Cars.com from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday.

Cars.com Price Performance

Shares of Cars.com stock opened at $18.50 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average price is $16.63 and its two-hundred day moving average price is $17.98. Cars.com has a 52 week low of $15.05 and a 52 week high of $21.24. The stock has a market cap of $1.22 billion, a PE ratio of 50.00 and a beta of 2.10.

Cars.com (NYSE:CARS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Cars.com had a return on equity of 6.70% and a net margin of 3.51%. The business had revenue of $178.89 million during the quarter, compared to the consensus estimate of $181.51 million. As a group, sell-side analysts anticipate that Cars.com will post 1.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Cars.com

Institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in Cars.com during the 1st quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cars.com during the 2nd quarter valued at about $38,000. CWM LLC grew its stake in Cars.com by 253.2% during the 2nd quarter. CWM LLC now owns 2,197 shares of the company’s stock valued at $43,000 after acquiring an additional 1,575 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Cars.com by 145.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock valued at $53,000 after acquiring an additional 1,864 shares in the last quarter. Finally, MQS Management LLC purchased a new position in Cars.com during the 3rd quarter valued at about $171,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

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.