Cars.com’s (CARS) Outperform Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Cars.com (NYSE:CARS) in a research note issued to investors on Tuesday,Benzinga reports. Barrington Research currently has a $25.00 target price on the stock.

Other analysts have also recently issued reports about the stock. UBS Group raised their target price 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. JPMorgan Chase & Co. increased their price objective on Cars.com from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Cars.com Stock Up 2.8 %

Cars.com stock opened at $18.63 on Tuesday. 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 $1.21 billion, a price-to-earnings ratio of 32.12 and a beta of 2.15. The company’s 50-day moving average price is $18.13 and its two-hundred day moving average price is $17.73. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93.

Insider Activity

In related news, CFO Sonia Jain sold 24,971 shares of Cars.com stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $19.74, for a total value of $492,927.54. Following the transaction, the chief financial officer now owns 229,229 shares in the company, valued at $4,524,980.46. This trade represents a 9.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jill A. Greenthal sold 4,524 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $19.86, for a total transaction of $89,846.64. Following the sale, the director now owns 101,963 shares of the company’s stock, valued at $2,024,985.18. This trade represents a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cars.com

Large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in shares of Cars.com by 40.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 232,721 shares of the company’s stock worth $4,585,000 after purchasing an additional 66,545 shares during the period. Squarepoint Ops LLC grew its position in Cars.com by 163.6% during the second quarter. Squarepoint Ops LLC now owns 45,820 shares of the company’s stock worth $903,000 after buying an additional 117,820 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cars.com in the 2nd quarter valued at approximately $38,000. The Manufacturers Life Insurance Company lifted its position in shares of Cars.com by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,832 shares of the company’s stock worth $627,000 after acquiring an additional 1,101 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of Cars.com by 41.2% during the 2nd quarter. Truist Financial Corp now owns 39,911 shares of the company’s stock worth $786,000 after purchasing an additional 11,653 shares in the last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.

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.