Cars.com (NYSE:CARS) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $36.00 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 15.24% from the stock’s current price.
According to Zacks, “Cars.com Inc. operates an online automotive platform. The Company offers new and used vehicle listings, expert and consumer reviews, research tools and other information. It also engaged in the sale of display advertising to national advertisers. Cars.com Inc. is based in Chicago, United States. “
Several other analysts have also weighed in on CARS. B. Riley reissued a “buy” rating and issued a $36.00 price objective on shares of Cars.com in a report on Friday, September 22nd. Barrington Research boosted their price objective on Cars.com from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Finally, ValuEngine lowered Cars.com from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $35.50.
Large investors have recently bought and sold shares of the company. Commonwealth Bank of Australia bought a new position in shares of Cars.com during the second quarter valued at approximately $170,000. Quantbot Technologies LP bought a new position in shares of Cars.com during the second quarter valued at approximately $172,000. Public Sector Pension investment Board bought a new position in shares of Cars.com during the second quarter valued at approximately $208,000. Crossmark Global Holdings Inc. bought a new position in shares of Cars.com during the third quarter valued at approximately $212,000. Finally, Meridian Investment Counsel Inc. bought a new position in shares of Cars.com during the second quarter valued at approximately $214,000.
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Cars.com Company Profile
Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
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