JPMorgan Chase & Co. Has Lowered Expectations for Cars.com (NYSE:CARS) Stock Price

Cars.com (NYSE:CARS) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $17.00 to $14.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 18.49% from the stock’s current price.

CARS has been the topic of a number of other reports. DA Davidson decreased their price target on Cars.com from $21.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Cars.com in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Cars.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.90.

Cars.com Trading Down 3.3 %

Shares of Cars.com stock traded down $0.41 on Thursday, reaching $11.82. The company had a trading volume of 204,872 shares, compared to its average volume of 545,067. The firm’s 50 day moving average price is $15.18 and its two-hundred day moving average price is $16.66. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. Cars.com has a 52-week low of $10.80 and a 52-week high of $21.24. The firm has a market cap of $754.35 million, a PE ratio of 20.38 and a beta of 2.16.

Institutional Investors Weigh In On Cars.com

Hedge funds have recently added to or reduced their stakes in the business. Nordea Investment Management AB increased its position in shares of Cars.com by 35.9% during the fourth quarter. Nordea Investment Management AB now owns 280,475 shares of the company’s stock worth $4,939,000 after acquiring an additional 74,133 shares during the period. Smartleaf Asset Management LLC grew its stake in Cars.com by 193.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,638 shares of the company’s stock worth $29,000 after purchasing an additional 1,079 shares in the last quarter. Victory Capital Management Inc. grew its stake in Cars.com by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 46,344 shares of the company’s stock worth $777,000 after purchasing an additional 26,276 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Cars.com by 60.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 18,229 shares of the company’s stock worth $316,000 after purchasing an additional 6,855 shares during the period. Finally, FMR LLC raised its position in Cars.com by 1.7% in the 3rd quarter. FMR LLC now owns 9,902,561 shares of the company’s stock valued at $165,967,000 after purchasing an additional 162,692 shares in the last quarter. 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.