Breaking Down Cars.com: 5 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
In the past three months, five analysts have provided ratings for Cars.com (NYSE:CARS), ranging from bullish to bearish. The average 12-month price target is $22.8, with a high of $26.00 and a low of $19.00. Recent analyst actions include downgrades and maintained ratings, reflecting changing market dynamics and company performance. Cars.com has shown positive revenue growth and strong net margins but faces challenges with return on equity.
August 09, 2024 | 9:00 pm
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NEUTRAL IMPACT
Analysts have mixed views on Cars.com (NYSE:CARS) with recent downgrades and maintained ratings. The average 12-month price target is $22.8, down from $24.40. Positive revenue growth and strong net margins are offset by challenges in return on equity.
The mixed analyst ratings and recent downgrades suggest a neutral short-term impact on the stock price. Positive revenue growth and strong net margins are positive factors, but challenges in return on equity and recent downgrades balance the outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100