Cars com Inc (CARS) Receives a Hold from Benchmark Co.
Benchmark Co. analyst Daniel Kurnos maintained a Hold rating on Cars com Inc (CARS) today. The company’s shares closed yesterday at $23.54.
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 11.9% and a 55.8% success rate. Kurnos covers the Services sector, focusing on stocks such as Nexstar Media Group Inc, Booking Holdings Inc, and Sinclair Broadcast.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cars com Inc with a $30 average price target, which is a 27.4% upside from current levels. In a report released yesterday, Craig-Hallum also downgraded the stock to Hold with a $25 price target.
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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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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.