Barrington Keeps Their Buy Rating on Cars com Inc

In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Cars com Inc (NYSE: CARS). The company’s shares closed on Friday at $27.59.

Prestopino noted:

“We have an OUTPERFORM investment rating on the shares with a two-year price target range of $40-45.”

According to TipRanks.com, Prestopino is a 2-star analyst with an average return of 1.0% and a 43.9% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Student Transportation, and Liquidity Services.

Cars com Inc has an analyst consensus of Strong Buy, with a price target consensus of $35.50.

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Cars com Inc’s market cap is currently $1.98B and has a P/E ratio of 8.83. The company has a Price to Book ratio of 1.18.

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Cars.com, Inc. engages in the provision of automotive products and services through online automotive classifieds. It offers a digital automotive marketplace search engine which connects buyers and sellers. It also sells online subscription advertising products to car dealerships.