▼ -8.61% Downside Potential
This price target is based on 8 analysts offering 12 month price targets for Cars.com in the last 3 months. The average price target is $12.00, with a high forecast of $18.00 and a low forecast of $7.50. The average price target represents a -8.61% upside from the last price of $13.13.
The current consensus among 8 contributing investment analysts is to buy stock in Cars.com. This Buy consensus rating has held steady for over two years.
Cars.com Inc., through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers. It also sells online subscription advertising products to car dealerships by its direct sales force, as well as through its affiliate sales channel. In addition, the company sells display advertising to national advertisers. Further, it offers online automotive marketplace service that connects buyers and sellers through Cars.com, Auto.com, DealerRater.com, NewCars.com, PickupTrucks.com, DealerInspire.com, and LaunchDigitalMarketing.com Websites. Its platform hosts approximately 4.9 million new and used vehicle listings and serves approximately 20,000 franchise and independent car dealers. Cars.com Inc. was founded in 1998 and is headquartered in Chicago, Illinois.