After B.Riley Financial and Craig-Hallum gave Cars (NYSE: CARS) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst Gary Prestopino maintained a Buy rating on Cars today and set a price target of $16.00. The company’s shares closed last Friday at $8.92.
According to TipRanks.com, Prestopino is a 5-star analyst with an average return of 14.7% and a 52.5% success rate. Prestopino covers the Services sector, focusing on stocks such as Points International, Kar Auction Services, and Ritchie Bros.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cars with a $12.43 average price target, representing a 38.7% upside. In a report issued on November 10, BTIG also maintained a Buy rating on the stock with a $13.00 price target.
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The company has a one-year high of $13.55 and a one-year low of $3.25. Currently, Cars has an average volume of 1.2M.
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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. 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.
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