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Fly News Breaks for January 17, 2019
CARS
Jan 17, 2019 | 08:23 EDT
After Cars.com announced that it has been conducting a process to explore strategic alternatives, Benchmark analyst Daniel Kurnos said he sees the potential for a sale in the high $20 to low $30 range, but also believes the buyer pool could be limited by Cars' lack of growth. The analyst, who views an ultimate sale as "far from a certain thing," keeps a Hold rating on Cars.com shares, which are up $1.79, or 7.7%, to $24.95 in pre-market trading.
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