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 $28.
Prestopino noted:
“We have an OUTPERFORM investment rating on the shares with a price target range of $40‐45.”
According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 14.6% and a 63.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and Ritchie Bros.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cars com Inc with a $34 average price target, which is a 21.4% upside from current levels. In a report issued on August 8, B.Riley FBR also reiterated a Buy rating on the stock with a $34 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $32.94 and a one-year low of $20.94. Currently, Cars com Inc has an average volume of 1.11M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
