Barrington Reaffirms Their Buy Rating on Cars (CARS)

By Carrie Williams

Barrington analyst Gary Prestopino maintained a Buy rating on Cars (CARSResearch Report) today and set a price target of $16.00. The company’s shares closed last Friday at $13.13, close to its 52-week high of $14.15.

According to TipRanks.com, Prestopino is a 5-star analyst with an average return of 44.7% and a 59.5% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services, Points International, and Liquidity Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cars with a $14.25 average price target.

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The company has a one-year high of $14.15 and a one-year low of $3.25. Currently, Cars has an average volume of 587.2K.

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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.