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Cars.com (NYSE:CARS) saw its price target lowered by JPMorgan Chase & Co. from $17.00 to $14.00, maintaining a "neutral" rating, while Barrington Research set a higher target of $25.00 with an "outperform" rating. The stock currently has a "Moderate Buy" rating with an average target price of $19.90, trading at $11.82, down from a 12-month high of $21.24. Hedge funds hold 89.15% of the company's stock, indicating strong institutional interest.
Tesla vehicles are facing rising insurance costs due to increased vandalism linked to CEO Elon Musk's controversial actions, alongside a surge in thefts of certain Kia and Hyundai models. Insurers are responding by raising premiums, particularly for Teslas, as the EV market becomes more competitive and repair costs escalate. With the average insurance for a Tesla Model 3 reaching $3,495 annually, the trend suggests that rates could continue to climb if vandalism persists.
Cars.com (NYSE:CARS) saw its target price raised by UBS Group from $17.00 to $20.00, maintaining a "neutral" rating, while JPMorgan Chase increased its target to $21.00. Despite a "Moderate Buy" rating, analysts suggest five other stocks are better investments. The company reported a quarterly EPS of $0.29, missing estimates, with revenue of $178.89 million, below expectations.
Cars.com Inc., operating as Cars Commerce Inc., is a technology company focused on the automotive market, utilizing AI-driven products for buying and selling cars. Its platform includes four brands: Cars.com, Dealer Inspire, AccuTrade, and the Cars Commerce Media Network, serving approximately 19,500 dealers across the U.S. and Canada. The company provides essential data and digital tools to help consumers make informed decisions and supports dealers and OEMs with valuable solutions.
Cars.com Inc., operating as Cars Commerce Inc., is a technology company focused on the automotive market, utilizing AI to enhance buying and selling processes. Its platform encompasses four key brands: Cars.com, Dealer Inspire, AccuTrade, and the Cars Commerce Media Network, serving approximately 19,500 dealers across the US and Canada. The company provides essential data-driven solutions and tools to empower buyers and connect them with automotive retailers.
Cars.com Inc., operating as Cars Commerce Inc., is a technology company focused on the automotive market, utilizing AI-driven products for buying and selling cars. Its platform includes four brands: Cars.com, Dealer Inspire, AccuTrade, and the Cars Commerce Media Network, serving around 19,500 dealers in the U.S. and Canada. The company provides essential data and digital tools to help consumers make informed decisions and supports dealers and OEMs with valuable solutions.
The used car market has dramatically changed, with average prices soaring to $25,361, making it challenging for buyers, especially for teen drivers. A Jeep Wrangler, once an affordable option, now averages $23,381 for a 10-year-old model, reflecting the increased value and demand for vehicles equipped with advanced technology and safety features. Despite the high prices, negotiating is tougher due to transparent pricing, but securing favorable financing can help mitigate costs.
Cars.com Inc.
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