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Cars (CARS) Receives a Rating Update from a Top Analyst

In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Cars (CARSResearch Report), with a price target of $25.00. The company’s shares closed last Wednesday at $15.90.

According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 40.5% and a 54.3% success rate. Prestopino covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Bottomline Technologies, and PowerFleet.

Cars has an analyst consensus of Strong Buy, with a price target consensus of $21.25, representing a 31.4% upside. In a report released yesterday, Benchmark Co. also maintained a Buy rating on the stock with a $18.00 price target.

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The company has a one-year high of $19.09 and a one-year low of $10.73. Currently, Cars has an average volume of 1.01M.

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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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