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Fly News Breaks for August 5, 2019
CARS
Aug 5, 2019 | 15:40 EDT
As previously reported, BTIG analyst Marvin Fong downgraded Cars.com to Neutral from Buy. Fong noted that Cars.com "delivered a double blow to shareholders" by announcing it ended its strategic review process with no actionable bids and also lowering its FY19 guidance, and now believes with the reactionary stock drop, that shares are fairly valued. Fong added that after the exhaustive strategic review process ended without a deal, he does not see a deal occurring within his rating time horizon.
News For CARS From the Last 2 Days
CARS
Apr 25, 2024 | 16:45 EDT
Analyst White, along with Jeff Rubin, COO of Competition Auto Group, discusses the sector, specifically the use of digital advertising, third party sites CARS and CARG and inventory volatility on an Analyst/Industry conference call to be held on April 30 at 11 am.
