Cars com Inc (CARS) Receives a Buy from Barrington

In a report released yesterday, Gary Prestopino from Barrington maintained a Buy rating on Cars com Inc (CARS). The company’s shares closed yesterday at $25.01.

Prestopino commented:

“We postulate that most of the pieces are now in place for to resume steady growth with margin expansion in 2019/2020 for the long‐term enhancement of shareholder value.”

According to, Prestopino is a 1-star analyst with an average return of -0.9% and a 44.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.

Currently, the analyst consensus on Cars com Inc is a Strong Buy with an average price target of $31.25.

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Based on Cars com Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $15.8 million. In comparison, last year the company had a net profit of $152 million.

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