Cars.com price target lowered to $14.50 from $21 at DA Davidson

DA Davidson lowered the firm’s price target on Cars.com (CARS) to $14.50 from $21 and keeps a Buy rating on the shares. The company reported a mixed Q4 print and soft initial outlook for both Q1 and 2025, the analyst tells investors in a research note. Q4 core Dealer revenue missed on another quarter of paying dealer declines, and the stock sell-off in part reflects investors struggling to see how Cars.com can execute on the sharp growth acceleration implied in its full-year outlook, the firm adds.