Cars.com (NYSE:CARS) Hits New 52-Week Low - Here's Why

Shares of Cars.com Inc. (NYSE:CARS - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $10.80 and last traded at $11.47, with a volume of 868808 shares trading hands. The stock had previously closed at $11.27.Wall Street Analysts Forecast GrowthAdvance Auto Parts: Retail Trends Suggest Big Gains AheadA number of research firms have recently issued reports on CARS. DA Davidson cut their price target on shares of Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a report on Friday, February 28th. Barrington Research restated an "outperform" rating and set a $25.00 price target on shares of Cars.com in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Cars.com from $21.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Cars.com has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.Get Our Latest Analysis on Cars.comCars.com Trading Up 1.8 %CarMax Is Firing on All Pistons as Growth Returns The stock has a market cap of $732.45 million, a price-to-earnings ratio of 19.78 and a beta of 2.16. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.79 and a current ratio of 1.79. The company's 50 day simple moving average is $15.80 and its two-hundred day simple moving average is $16.89. Institutional Inflows and OutflowsSeveral large investors have recently added to or reduced their stakes in CARS. Victory Capital Management Inc. increased its stake in Cars.com by 130.9% in the 3rd quarter. Victory Capital Management Inc. now owns 46,344 shares of the company's stock valued at $777,000 after buying an additional 26,276 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Cars.com by 145.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,148 shares of the company's stock worth $53,000 after purchasing an additional 1,864 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Cars.com during the 3rd quarter worth $369,000. Pacer Advisors Inc. increased its stake in shares of Cars.com by 62,357.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company's stock worth $41,798,000 after purchasing an additional 2,489,939 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Cars.com by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 804,483 shares of the company's stock worth $13,483,000 after purchasing an additional 17,501 shares during the last quarter. Institutional investors and hedge funds own 89.15% of the company's stock. About Cars.com (Get Free Report)MarketBeat Week in Review – 2/26 - 3/1Cars.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.See AlsoFive stocks we like better than Cars.comProfitably Trade Stocks at 52-Week HighsWhat GTC 2025 Signals for NVIDIA Stock’s Next Big MoveWhat Investors Need to Know About Upcoming IPOsAlphabet’s Officially In A Bear Market—Time To Buy?Buy P&G Now, Before It Sets A New All-Time HighD-Wave and Quantum Supremacy: Implications For InvestorsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Cars.com Right Now?Before you consider Cars.com, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cars.com wasn't on the list.While Cars.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here