Cars.com (NYSE:CARS) Given New $14.00 Price Target at JPMorgan Chase & Co.

Cars.com (NYSE:CARS) had its price objective trimmed by JPMorgan Chase & Co. from $17.00 to $14.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts also recently weighed in on the company. Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Cars.com in a research note on Tuesday, March 4th. DA Davidson lowered their price objective on shares of Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Cars.com has an average rating of “Moderate Buy” and an average price target of $19.90.

Cars.com Stock Performance

NYSE CARS opened at $11.72 on Thursday. The firm has a market cap of $748.41 million, a P/E ratio of 20.21 and a beta of 2.16. Cars.com has a 52-week low of $10.80 and a 52-week high of $21.24. The business’s 50-day moving average price is $15.06 and its 200 day moving average price is $16.62. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93.

Hedge Funds Weigh In On Cars.com

Large investors have recently modified their holdings of the business. FMR LLC grew its holdings in Cars.com by 1.7% during the third quarter. FMR LLC now owns 9,902,561 shares of the company’s stock worth $165,967,000 after acquiring an additional 162,692 shares during the period. Vanguard Group Inc. boosted its position in shares of Cars.com by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,121,007 shares of the company’s stock worth $123,407,000 after purchasing an additional 115,083 shares in the last quarter. Boston Partners grew its stake in shares of Cars.com by 26.0% during the 4th quarter. Boston Partners now owns 3,178,426 shares of the company’s stock worth $55,021,000 after purchasing an additional 655,518 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Cars.com by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,172,706 shares of the company’s stock valued at $54,984,000 after purchasing an additional 55,143 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Cars.com by 2.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,559,142 shares of the company’s stock valued at $44,350,000 after purchasing an additional 65,210 shares during the period. 89.15% of the stock is owned by hedge funds and other institutional investors.

About Cars.com

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.