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

Cars.com Inc. (NYSE:CARS) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.80 and last traded at $11.47, with a volume of 868808 shares. The stock had previously closed at $11.27.

Analyst Ratings Changes

Several research firms have issued reports on CARS. JPMorgan Chase & Co. cut their price target on shares of Cars.com from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. 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, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Cars.com in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Cars.com Stock Up 1.9 %

The company has a market capitalization of $741.39 million, a price-to-earnings ratio of 20.02 and a beta of 2.16. The business’s 50-day moving average is $15.58 and its 200-day moving average is $16.81. 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 Trading of Cars.com

Hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Cars.com in the 4th quarter worth approximately $176,000. Mackenzie Financial Corp acquired a new stake in Cars.com during the 4th quarter worth approximately $597,000. PharVision Advisers LLC acquired a new stake in Cars.com during the 4th quarter worth approximately $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 worth $3,513,000 after buying an additional 38,421 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Cars.com during the 4th quarter worth approximately $1,105,000. Hedge funds and other 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.