2 weeks Ago By Defense World Staff
Barrington Research reaffirmed their outperform rating on shares of Cars.com ( NYSE:CARS – Free Report ) in a research report sent to investors on Monday morning, Benzinga reports. Barrington Research currently has a $25.
00 price objective on the stock. A number of other analysts have also issued reports on the company. B.
Riley lowered their price target on Cars.com from $27.00 to $26.
00 and set a “buy” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. cut Cars.
com from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $19.00 in a report on Friday, August 9th.
Finally, UBS Group cut their price target on Cars.com from $20.00 to $19.
00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Check Out Our Latest Analysis on Cars.com Cars.
com Stock Up 4.5 % Cars.com ( NYSE:CARS – Get Free Report ) last released its quarterly earnings data on Thursday, August 8th.
The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.
06). The company had revenue of $178.89 million during the quarter, compared to analysts’ expectations of $181.
51 million. Cars.com had a net margin of 3.
51% and a return on equity of 6.70%. Equities research analysts expect that Cars.
com will post 1.2 earnings per share for the current year. Institutional Trading of Cars.
com A number of hedge funds have recently bought and sold shares of the stock. MQS Management LLC bought a new position in Cars.com in the third quarter worth about $171,000.
Victory Capital Management Inc. boosted its stake in Cars.com by 130.
9% in the third quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock valued at $777,000 after acquiring an additional 26,276 shares in the last quarter.
GSA Capital Partners LLP purchased a new position in Cars.com in the third quarter worth $1,222,000. Versor Investments LP acquired a new position in shares of Cars.
com during the third quarter worth $456,000. Finally, Assetmark Inc. increased its position in shares of Cars.
com by 11.2% during the third quarter. Assetmark Inc.
now owns 54,410 shares of the company’s stock worth $912,000 after purchasing an additional 5,461 shares in the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.
About Cars.com ( Get Free Report ) 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. Featured Articles Five stocks we like better than Cars.com Investing in Construction Stocks What a Trump Win Looks Like for the Market Now and Into 2025 Special Purpose Acquisition Company (SPAC) What You Need to Know Russell 2000 Surge Post-Election: How to Play the Small-Cap Pop How to Effectively Use the MarketBeat Ratings Screener Macro Headwinds Send Microchip Technology Stock to the Buy Zone Receive News & Ratings for Cars.
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