Cars.com (NYSE:CARS) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
A number of other equities research analysts have also recently weighed in on the stock. Craig Hallum upgraded shares of Cars.com from a “hold” rating to a “buy” rating and set a $25.75 price objective on the stock in a report on Thursday, January 17th. BTIG Research upgraded shares of Cars.com from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, January 22nd. Citigroup initiated coverage on shares of Cars.com in a report on Friday, December 7th. They issued a “neutral” rating and a $27.00 price objective on the stock. DA Davidson set a $31.00 price objective on shares of Cars.com and gave the stock a “buy” rating in a report on Wednesday, January 16th. Finally, Barrington Research restated a “buy” rating on shares of Cars.com in a report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $28.44.
CARS traded down $0.35 during midday trading on Tuesday, reaching $24.99. The company’s stock had a trading volume of 897,300 shares, compared to its average volume of 874,721. The stock has a market cap of $1.74 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 2.17 and a beta of 1.34. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Cars.com has a 1 year low of $20.14 and a 1 year high of $32.94.
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.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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