Cars.com (NYSE:CARS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday.
Other equities research analysts have also issued research reports about the company. B. Riley reissued a “buy” rating and issued a $32.00 price objective on shares of Cars.com in a report on Tuesday, December 19th. Barrington Research lifted their price objective on Cars.com from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Finally, Zacks Investment Research lowered Cars.com from a “hold” rating to a “strong sell” rating in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $34.00.
Shares of Cars.com (NYSE CARS) traded up $0.78 on Thursday, reaching $29.98. The company had a trading volume of 850,945 shares, compared to its average volume of 930,767. Cars.com has a 52 week low of $19.90 and a 52 week high of $30.30. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.40.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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