Highlights

  • DA Davidson reiterates Buy rating with a USD 13.50 target price.
  • Multiple firms update coverage with mixed Buy and Hold ratings.
  • Quarterly results show modest revenue growth and earnings variation.

DA Davidson has reiterated its Buy rating on Cars.com (NYSE:CARS). The firm also maintained a target price of USD 13.50. The latest research note was shared with investors on Tuesday. The update reflects the brokerage’s assessment based on recent operating performance and industry conditions.

The report follows coverage changes from several other research houses. These updates indicate varied expectations for the company’s near-term outlook.

Recent Analyst Commentary

Several analysts have issued revised positions on the stock. Key updates include:

  • Barrington Research reaffirmed its Outperform rating with a USD 25.00 target on November 3.
  • Wall Street Zen upgraded the stock from Hold to Buy on November 8.
  • UBS raised its target from USD 11.00 to USD 12.00 while keeping a Neutral rating on October 6.
  • B. Riley repeated a Buy rating with a revised target of USD 22.00 on August 8.
  • JPMorgan Chase & Co. increased its target from USD 15.00 to USD 16.00 and maintained an Overweight rating on October 14.

MarketBeat data shows four Buy ratings and three Hold ratings. The consensus rating is listed as Moderate Buy. The average price target stands at USD 17.70.

Quarterly Earnings Overview

Cars.com released its quarterly financial results on November 6. The company reported earnings per share of USD 0.48. This came in slightly below the consensus estimate of USD 0.50.

Revenue for the quarter was USD 181.57 million. The figure was broadly in line with the consensus projection of USD 181.37 million. Revenue increased 1.1 percent year over year. The firm reported a return on equity of 17.43 percent and a net margin of 5.71 percent.

The company posted USD 0.41 earnings per share during the same period last year. Analysts currently forecast USD 1.19 EPS for the full fiscal year.