Analysts Set $33.17 Target Price for Cars.com Inc. (CARS)
Shares of Cars.com Inc. (NYSE:CARS) have been given an average broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. Cars.com’s rating score has improved by 16.5% in the last three months as a result of various analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus price objective of $33.17 for the company, according to Zacks. Zacks has also assigned Cars.com an industry rank of 188 out of 265 based on the ratings given to related companies.
Several equities research analysts have weighed in on the stock. B. Riley assumed coverage on shares of Cars.com in a research report on Monday, October 2nd. They set a “buy” rating and a $36.00 price target for the company. Barrington Research upped their price objective on shares of Cars.com from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Finally, Zacks Investment Research lowered shares of Cars.com from a “hold” rating to a “strong sell” rating in a report on Monday, November 13th.
Hedge funds have recently made changes to their positions in the stock. First Personal Financial Services purchased a new stake in Cars.com during the 2nd quarter valued at about $118,000. First Mercantile Trust Co. purchased a new stake in shares of Cars.com during the 2nd quarter valued at about $132,000. AT Bancorp purchased a new stake in shares of Cars.com during the 2nd quarter valued at about $168,000. Commonwealth Bank of Australia purchased a new stake in shares of Cars.com during the 2nd quarter valued at about $170,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Cars.com during the 2nd quarter valued at about $172,000.
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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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