Cars.com (NYSE:CARS) Given New $14.50 Price Target at DA Davidson

Cars.com (NYSE:CARS) had its target price decreased by DA Davidson from $21.00 to $14.50 in a report released on Friday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. upped their price target on Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a report on Monday, February 24th. Finally, UBS Group raised their price target on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Cars.com Price Performance

Shares of NYSE:CARS opened at $13.19 on Friday. The company’s fifty day moving average is $17.13 and its two-hundred day moving average is $17.40. The company has a market cap of $853.91 million, a P/E ratio of 22.74 and a beta of 2.15. Cars.com has a 12-month low of $11.78 and a 12-month high of $21.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.

Institutional Investors Weigh In On Cars.com

Large investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Cars.com by 193.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock valued at $29,000 after acquiring an additional 1,079 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Cars.com by 813.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,109 shares of the company’s stock valued at $37,000 after purchasing an additional 1,878 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Cars.com by 145.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company’s stock valued at $53,000 after purchasing an additional 1,864 shares during the last quarter. Quarry LP boosted its holdings in Cars.com by 184.5% in the fourth quarter. Quarry LP now owns 3,476 shares of the company’s stock worth $60,000 after purchasing an additional 2,254 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Cars.com during the fourth quarter worth $61,000. 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.