Cars (CARS) Gets a Buy Rating from Barrington


In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Cars (CARS), with a price target of $16.00. The company’s shares closed last Friday at $8.35.

According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 9.8% and a 46.0% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services, Points International, and Liquidity Services.

Cars has an analyst consensus of Moderate Buy, with a price target consensus of $10.83, a 57.2% upside from current levels. In a report released today, BTIG also maintained a Buy rating on the stock with a $11.00 price target.

See today’s analyst top recommended stocks >>

Based on Cars’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $148 million and GAAP net loss of $787 million. In comparison, last year the company earned revenue of $154 million and had a GAAP net loss of $9.03 million.

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. The firm also sells online subscription advertising products to car dealerships. The company was founded by Mitch Golub, William Swislow, and Alex Vetter in 1998 and is headquartered in Chicago, IL.

Read More on CARS:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts