Inc (CARS) Forecasted to Post FY2017 Earnings of $1.31 Per Share Inc (NYSE:CARS) – Research analysts at Barrington Research lifted their FY2017 earnings per share (EPS) estimates for in a note issued to investors on Wednesday. Barrington Research analyst G. Prestopino now expects that the company will post earnings per share of $1.31 for the year, up from their prior forecast of $1.27. Barrington Research currently has a “Buy” rating and a $42.50 target price on the stock. Barrington Research also issued estimates for’s FY2019 earnings at $1.02 EPS.

Several other equities research analysts also recently issued reports on CARS. Zacks Investment Research downgraded shares of from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. B. Riley reiterated a “buy” rating and set a $36.00 price objective on shares of in a research note on Wednesday, January 31st. Finally, ValuEngine downgraded shares of from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.88.

Shares of (NYSE:CARS) opened at $29.39 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.40. has a 52 week low of $19.90 and a 52 week high of $32.28.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARS. Catalus Capital Management LLC purchased a new stake in during the fourth quarter worth approximately $192,402,000. Investec Asset Management LTD boosted its stake in shares of by 300.6% in the fourth quarter. Investec Asset Management LTD now owns 3,431,613 shares of the company’s stock valued at $98,968,000 after purchasing an additional 2,575,002 shares during the period. State Street Corp purchased a new position in shares of in the second quarter valued at $68,536,000. Evercore Trust Company N.A. purchased a new position in shares of in the third quarter valued at $59,099,000. Finally, Jackson Square Partners LLC purchased a new position in shares of in the third quarter valued at $53,311,000.

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About Inc owns a digital automotive marketplace business ( 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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