In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Cars com Inc (CARS). The company’s shares closed on Friday at $26.36.
Prestopino noted:
“We do not believe the fundamentals within the automotive retailing industry have improved throughout Q3/18.”
According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 1.9% and a 42.7% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Ritchie Bros.
Currently, the analyst consensus on Cars com Inc is a Moderate Buy with an average price target of $34.
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Cars com Inc’s market cap is currently $1.84B and has a P/E ratio of 10.18. The company has a Price to Book ratio of 1.12.
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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.
