Cars.com Inc. (NYSE:CARS – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.00.
Separately, BTIG Research reduced their price objective on shares of Cars.com from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st.
Large investors have recently added to or reduced their stakes in the business. Eaton Vance Management bought a new stake in Cars.com during the 4th quarter valued at about $38,000. Mutual of America Capital Management LLC bought a new stake in shares of Cars.com in the fourth quarter worth approximately $143,000. Miracle Mile Advisors LLC bought a new stake in shares of Cars.com in the first quarter worth approximately $146,000. Meeder Asset Management Inc. grew its stake in shares of Cars.com by 164.0% in the first quarter. Meeder Asset Management Inc. now owns 10,709 shares of the company’s stock worth $155,000 after acquiring an additional 6,652 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Cars.com in the first quarter worth approximately $159,000. Institutional investors and hedge funds own 89.18% of the company’s stock.
Cars.com (NYSE:CARS – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. Cars.com had a net margin of 1.08% and a return on equity of 1.82%. The company had revenue of $158.21 million during the quarter, compared to analysts’ expectations of $157.20 million. Research analysts expect that Cars.com will post 0.49 earnings per share for the current fiscal year.
About Cars.com (Get Rating)
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.
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