Barrington analyst Gary Prestopino maintained a Buy rating on Cars com Inc (NYSE: CARS) today. The company’s shares closed on Friday at $25.97.
Prestopino wrote:
“We have an OUTPERFORM investment rating on the shares with a price target range of $40‐45. Company Description 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. The company was founded by Mitch Golub, William Swislow, and Alex Vetter in 1998 and is headquartered in Chicago, IL.”
According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 4.3% and a 54.9% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Student Transportation, and Liquidity Services.
Currently, the analyst consensus on Cars com Inc is Strong Buy and the average price target is $35.50, representing a 36.7% upside.
In a report issued on May 10, B.Riley FBR also maintained a Buy rating on the stock with a $37 price target.
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The company has a one-year high of $32.28 and a one-year low of $19.90. Currently, Cars com Inc has an average volume of 1.12M.
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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.
