Inc. (NYSE:CARS) Given Consensus Recommendation of “Hold” by Brokerages

Share on StockTwits Inc. (NYSE:CARS) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $27.36.

CARS has been the topic of several recent research reports. Citigroup reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Propetro in a report on Tuesday, July 2nd. Goldman Sachs Group set a €137.00 ($159.30) price objective on shares of Safran and gave the company a “buy” rating in a report on Monday, March 18th. ValuEngine downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday, May 30th. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Barrington Research lowered their price target on shares of CBS from $72.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, May 6th.

Shares of CARS stock traded down $0.17 during trading hours on Wednesday, hitting $21.51. The company’s stock had a trading volume of 39,313 shares, compared to its average volume of 697,042. The stock has a 50 day simple moving average of $20.95. The stock has a market cap of $1.44 billion, a PE ratio of 11.85, a PEG ratio of 2.85 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.17 and a current ratio of 1.17. has a 12-month low of $19.05 and a 12-month high of $32.94. (NYSE:CARS) last released its quarterly earnings data on Friday, May 10th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $154.20 million during the quarter, compared to analysts’ expectations of $152.29 million. had a net margin of 4.40% and a return on equity of 7.34%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. Research analysts expect that will post 1.52 EPS for the current year.

Large investors have recently bought and sold shares of the business. Bessemer Group Inc. acquired a new position in during the fourth quarter worth $36,000. Covington Capital Management raised its position in by 1,267.5% during the fourth quarter. Covington Capital Management now owns 2,735 shares of the company’s stock worth $59,000 after acquiring an additional 2,535 shares during the period. Marshall Wace LLP acquired a new stake in shares of in the first quarter valued at about $63,000. Edge Wealth Management LLC acquired a new stake in shares of in the first quarter valued at about $69,000. Finally, Investors Research Corp purchased a new position in during the first quarter worth about $119,000. Company Profile 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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Analyst Recommendations for (NYSE:CARS)

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