In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Cars (CARS – Research Report), with a price target of $25.00. The company’s shares closed last Monday at $16.32.
According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 42.7% and a 56.4% success rate. Prestopino covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Bottomline Technologies, and Cantaloupe.
Currently, the analyst consensus on Cars is a Strong Buy with an average price target of $21.00.
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Cars’ market cap is currently $1.11B and has a P/E ratio of 54.27.
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Cars.com, Inc. engages in the provision of automotive products and services through online automotive classifieds. It offers a digital automotive marketplace search engine, which connects buyers and sellers. The firm also sells online subscription advertising products to car dealerships. The company was founded by Mitch Golub, William Swislow, and Alex Vetter in 1998 and is headquartered in Chicago, IL.
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