Barrington Reaffirms Their Buy Rating on Cars com Inc (CARS)


Barrington analyst Gary Prestopino maintained a Buy rating on Cars com Inc (CARS) today. The company’s shares closed yesterday at $23.54.

Prestopino wrote:

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

According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -0.4% and a 43.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and Liquidity Services.

Currently, the analyst consensus on Cars com Inc is a Moderate Buy with an average price target of $30.

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The company has a one-year high of $32.94 and a one-year low of $20.14. Currently, Cars com Inc has an average volume of 950.5K.

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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.