Zacks: Cars.com Inc (CARS) Given $34.50 Consensus Price Target by Analysts
Shares of Cars.com Inc (NASDAQ:CARS) have earned a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. Cars.com’s rating score has declined by 67% from three months ago as a result of a number of analysts’ ratings changes.
Analysts have set a one year consensus target price of $34.50 for the company, according to Zacks. Zacks has also assigned Cars.com an industry rank of 231 out of 265 based on the ratings given to its competitors.
A number of brokerages have issued reports on CARS. B. Riley began coverage on Cars.com in a research report on Monday. They set a “buy” rating and a $36.00 target price for the company. Craig Hallum began coverage on Cars.com in a research report on Thursday, July 20th. They set a “hold” rating and a $25.00 target price for the company. Finally, Barrington Research began coverage on Cars.com in a research report on Tuesday, June 6th. They set an “outperform” rating for the company.
Cars.com (NASDAQ CARS) traded up 2.19% during mid-day trading on Wednesday, hitting $28.04. 1,545,509 shares of the stock were exchanged. The company has a 50 day moving average price of $26.11 and a 200 day moving average price of $25.82. The stock has a market cap of $2.01 billion and a price-to-earnings ratio of 13.19. Cars.com has a 52 week low of $19.90 and a 52 week high of $29.47.
Cars.com (NASDAQ:CARS) last announced its earnings results on Wednesday, August 9th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.40. The firm had revenue of $156.62 million during the quarter, compared to analysts’ expectations of $157.00 million. Cars.com had a return on equity of 5.13% and a net margin of 15.84%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. Analysts expect that Cars.com will post $1.35 EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of CARS. Regentatlantic Capital LLC acquired a new position in shares of Cars.com during the second quarter worth approximately $557,000. Russell Investments Group Ltd. acquired a new position in shares of Cars.com during the second quarter worth approximately $4,787,000. Acadian Asset Management LLC acquired a new position in shares of Cars.com during the second quarter worth approximately $6,405,000. ING Groep NV acquired a new position in shares of Cars.com during the second quarter worth approximately $239,000. Finally, Strs Ohio acquired a new position in shares of Cars.com during the second quarter worth approximately $585,000.
Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
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