Blurbs

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

Barrington analyst Gary Prestopino maintained a Buy rating on Cars (CARSResearch Report) today and set a price target of $25.00. The company’s shares closed last Friday at $14.85.

According to TipRanks, Prestopino is a top 100 analyst with an average return of 29.8% and a 56.94% success rate. Prestopino covers the Technology sector, focusing on stocks such as Cars, CCC Intelligent Solutions Holdings, and PowerFleet.

Currently, the analyst consensus on Cars is a Strong Buy with an average price target of $20.83, implying a 40.27% upside from current levels. In a report released on November 4, D.A. Davidson also maintained a Buy rating on the stock with a $17.50 price target.

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The company has a one-year high of $19.09 and a one-year low of $8.75. Currently, Cars has an average volume of 427.5K.

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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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