Cars.com price target lowered to $21 from $24 at B. Riley

B. Riley lowered the firm’s price target on Cars.com (CARS) to $21 from $24 and keeps a Buy rating on the shares. The company reported a mixed Q1, with revenue modestly below consensus while EBITDA was higher, benefiting from cost discipline, the analyst tells investors in a research note. The firm says Cars.com suspended its revenue outlook for 2025 due to the uncertainty created by automotive tariffs/macro and the impact on ad spending by car makers and dealers.