Barrington analyst Gary Prestopino downgraded Cars.com, Inc. (CARS) to Hold today. The company’s shares closed yesterday at $11.82, close to its 52-week low of $10.30.
Prestopino commented:
“We acknowledge that the stock remains undervalued, yet we see no short-term catalyst to improve the underlying stock price unless potential suitors come back into the fold due to the stock price decline of over 30% yesterday. Company Description 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.”
According to TipRanks.com, Prestopino is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.3% and a 39.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.
Cars.com, Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $15.75, a 33.2% upside from current levels. In a report released yesterday, BTIG also downgraded the stock to Hold.
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Cars.com, Inc.’s market cap is currently $787.5M and has a P/E ratio of 85.90. The company has a Price to Book ratio of 0.50.
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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.
