Cars.com Inc (NASDAQ:CARS) – Research analysts at B. Riley decreased their FY2017 earnings per share estimates for Cars.com in a research report issued on Thursday. B. Riley analyst S. Sinha now expects that the company will post earnings of $1.30 per share for the year, down from their previous estimate of $1.34. B. Riley currently has a “Buy” rating and a $32.00 target price on the stock.
A number of other brokerages also recently issued reports on CARS. Barrington Research upped their price target on Cars.com from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Craig Hallum initiated coverage on Cars.com in a research report on Thursday, July 20th. They issued a “hold” rating and a $25.00 target price on the stock. Finally, Zacks Investment Research downgraded Cars.com from a “hold” rating to a “strong sell” rating in a research report on Monday.
WARNING: “Cars.com Inc (CARS) Forecasted to Post FY2017 Earnings of $1.30 Per Share” was first published by Markets Daily and is the property of of Markets Daily. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.themarketsdaily.com/2017/11/14/cars-com-inc-cars-forecasted-to-post-fy2017-earnings-of-1-30-per-share.html.
Cars.com (NASDAQ:CARS) opened at $22.74 on Monday. Cars.com has a 12-month low of $19.90 and a 12-month high of $29.47.
A number of large investors have recently bought and sold shares of CARS. BlackRock Inc. purchased a new stake in Cars.com in the second quarter valued at $213,818,000. Vanguard Group Inc. purchased a new stake in shares of Cars.com during the 2nd quarter worth about $167,497,000. Artisan Partners Limited Partnership purchased a new stake in shares of Cars.com during the 2nd quarter worth about $120,572,000. New South Capital Management Inc. purchased a new stake in shares of Cars.com during the 2nd quarter worth about $77,402,000. Finally, Fairpointe Capital LLC purchased a new stake in shares of Cars.com during the 2nd quarter worth about $72,843,000.
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.
Receive News & Ratings for Cars.com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cars.com Inc and related companies with MarketBeat.com's FREE daily email newsletter.