Cars.com (NYSE:CARS) Hits New 12-Month Low – Time to Sell?

Cars.com Inc. (NYSE:CARS)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.63 and last traded at $11.71, with a volume of 42341 shares traded. The stock had previously closed at $11.95.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Cars.com from $21.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a report on Tuesday. DA Davidson cut their price target on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, UBS Group raised their price objective on shares of Cars.com from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cars.com has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Cars.com Stock Performance

The stock has a fifty day simple moving average of $16.83 and a 200-day simple moving average of $17.29. The stock has a market cap of $748.22 million, a P/E ratio of 20.19 and a beta of 2.16. 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

A number of institutional investors and hedge funds have recently made changes to their positions in CARS. Mackenzie Financial Corp acquired a new position in Cars.com during the fourth quarter worth $597,000. PharVision Advisers LLC bought a new position in shares of Cars.com in the 4th quarter valued at about $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Cars.com by 23.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,690 shares of the company’s stock valued at $3,513,000 after acquiring an additional 38,421 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of Cars.com during the 4th quarter worth about $1,105,000. Finally, iSAM Funds UK Ltd acquired a new stake in Cars.com in the 4th quarter valued at about $181,000. Institutional investors own 89.15% of the company’s stock.

About Cars.com

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.