BTIG analyst Marvin Fong names Cars.com (CARS) as his BTIG Top Pick for first half of 2023, replacing CarGurus (CARG) on that list. The company offers an underappreciated new product cycle and the current valuation on the stock at 11-times expected FY24 EBITDA is attractive, the analyst tells investors in a research note. Fong has a Buy rating and a $20 price target on the stock.
Published first on TheFly
