B.Riley FBR Issues a Hold Rating on Cars (CARS)

By Carrie Williams

B.Riley FBR analyst Lee Krowl assigned a Hold rating to Cars (CARSResearch Report) today and set a price target of $7.50. The company’s shares closed last Thursday at $6.84.

According to TipRanks.com, Krowl is a 4-star analyst with an average return of 13.8% and a 45.9% success rate. Krowl covers the Technology sector, focusing on stocks such as Limelight Networks, Digital Turbine, and Brightcove.

Cars has an analyst consensus of Hold, with a price target consensus of $9.10.

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The company has a one-year high of $22.25 and a one-year low of $3.25. Currently, Cars has an average volume of 2.21M.

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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.