Cars.com (NYSE:CARS) Sets New 1-Year Low at $11.10

Cars.com Inc. (NYSE:CARS)’s share price hit a new 52-week low on Monday . The stock traded as low as $11.10 and last traded at $11.68, with a volume of 4694804 shares trading hands. The stock had previously closed at $18.04.

Several analysts have recently weighed in on the company. Citigroup upgraded Cars.com from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, July 2nd. ValuEngine lowered Cars.com from a “hold” rating to a “sell” rating in a report on Thursday, May 30th. Barrington Research restated a “buy” rating and issued a $37.50 price objective on shares of Cars.com in a report on Monday, May 6th. Finally, Zacks Investment Research downgraded Cars.com from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Cars.com currently has an average rating of “Hold” and an average target price of $27.36.

The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 6.62, a PEG ratio of 2.37 and a beta of 0.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s fifty day simple moving average is $20.61.

Cars.com (NYSE:CARS) last announced its earnings results on Friday, May 10th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $152.29 million. Cars.com had a net margin of 4.40% and a return on equity of 7.34%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. On average, research analysts predict that Cars.com Inc. will post 1.52 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of CARS. Sicart Associates LLC increased its position in Cars.com by 42.8% in the 2nd quarter. Sicart Associates LLC now owns 253,220 shares of the company’s stock worth $4,993,000 after purchasing an additional 75,890 shares during the last quarter. Investec Asset Management PTY Ltd increased its holdings in shares of Cars.com by 2.7% during the 1st quarter. Investec Asset Management PTY Ltd now owns 81,211 shares of the company’s stock valued at $1,851,000 after acquiring an additional 2,112 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Cars.com by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 708,015 shares of the company’s stock valued at $15,222,000 after acquiring an additional 43,129 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Cars.com during the 4th quarter valued at about $332,000. Finally, Norges Bank acquired a new position in shares of Cars.com during the 4th quarter valued at about $20,127,000.

Cars.com Company Profile (NYSE:CARS)

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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