Cars com Inc Receives a Hold from Benchmark Co.


Benchmark Co. analyst Daniel Kurnos maintained a Hold rating on Cars com Inc (NYSE: CARS) today. The company’s shares opened today at $27.76.

Kurnos noted:

“We expect results to improve over the balance of the year thanks to an uptick in converted affiliate pricing, but we suspect most of the growth will come in 2H18, and 4Q18 in particular.”

According to TipRanks.com, Kurnos is a 4-star analyst with an average return of 9.1% and a 51.2% success rate. Kurnos covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment Inc, Sinclair Broadcast, and 1-800 Flowers.com.

Cars com Inc has an analyst consensus of Strong Buy, with a price target consensus of $35.50.

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The company has a one-year high of $32.28 and a one-year low of $19.90. Currently, Cars com Inc has an average volume of 1.07M.

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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.

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