Cars.com (NYSE:CARS) Price Target Lowered to $11.00 at UBS Group

Key Points

• UBS Group has reduced its price target for Cars.com from $12.00 to $11.00, indicating a potential downside of 10.17% from the current stock price.
• Other analysts have mixed views, with B. Riley raising its target to $22.00 and JPMorgan Chase moving to an "overweight" rating with a target of $14.00.
• Cars.com reported earnings per share (EPS) of $0.41 for the last quarter, missing expectations of $0.45, with revenue also slightly down year-over-year.

Cars.com (NYSE:CARS - Free Report) had its price target trimmed by UBS Group from $12.00 to $11.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Cars.com from a "neutral" rating to an "overweight" rating and set a $14.00 price target for the company in a research note on Thursday, July 17th. B. Riley reaffirmed a "buy" rating and set a $22.00 price target (up previously from $21.00) on shares of Cars.com in a research note on Friday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Cars.com currently has a consensus rating of "Moderate Buy" and an average target price of $17.30.

Cars.com Price Performance

Shares of Cars.com stock traded up $0.24 on Friday, reaching $12.89. 92,899 shares of the stock were exchanged, compared to its average volume of 792,917. The firm's 50 day moving average is $11.97 and its 200-day moving average is $12.50. Cars.com has a one year low of $9.56 and a one year high of $20.47. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market cap of $818.90 million, a PE ratio of 20.82 and a beta of 1.76.

Cars.com (NYSE:CARS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.04). Cars.com had a net margin of 5.71% and a return on equity of 17.43%. The company had revenue of $178.74 million during the quarter, compared to analyst estimates of $179.43 million. During the same quarter in the prior year, the business earned $0.38 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. As a group, analysts anticipate that Cars.com will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Cars.com

Large investors have recently modified their holdings of the company. Sterling Capital Management LLC increased its position in shares of Cars.com by 813.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,109 shares of the company's stock worth $37,000 after buying an additional 1,878 shares during the period. CWM LLC increased its position in shares of Cars.com by 119.9% during the second quarter. CWM LLC now owns 4,227 shares of the company's stock worth $50,000 after buying an additional 2,305 shares during the period. GAMMA Investing LLC increased its position in shares of Cars.com by 624.9% during the first quarter. GAMMA Investing LLC now owns 4,690 shares of the company's stock worth $53,000 after buying an additional 4,043 shares during the period. Quarry LP increased its position in shares of Cars.com by 184.5% during the fourth quarter. Quarry LP now owns 3,476 shares of the company's stock worth $60,000 after buying an additional 2,254 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Cars.com during the fourth quarter worth $61,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

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.