Craig-Hallum analyst Steve Dyer raised the firm’s price target on Cars.com to $24 from $22 and keeps a Buy rating on the shares following the quarterly results. The company’s Marketplace Repackaging initiative is nearly complete, and despite a small amount of dealer churn, it should be a net positive for the company as it is driving ARPD higher, the analyst tells investors in a research note.
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Read More on CARS:
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