Cars.com (NYSE:CARS) Sets New 52-Week Low – Should You Sell?

Cars.com Inc. (NYSE:CARS)’s stock 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 Analyst Weigh In

CARS has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. DA Davidson decreased their target price on Cars.com from $21.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, February 28th. UBS Group upped their target price on Cars.com from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Cars.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Cars.com Trading Down 1.9 %

The firm’s 50-day simple moving average is $16.83 and its 200 day simple moving average is $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 current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.93.

Institutional Investors Weigh In On Cars.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new position in shares of Cars.com during the 4th quarter valued at $597,000. PharVision Advisers LLC acquired a new stake in Cars.com in the 4th quarter valued at about $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cars.com by 23.4% during 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 purchasing an additional 38,421 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Cars.com in the 4th quarter worth approximately $1,105,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of Cars.com in the 4th quarter worth approximately $181,000. 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.