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Fly News Breaks for October 1, 2019
CARS
Oct 1, 2019 | 09:28 EDT
DA Davidson analyst Tom White keeps his Neutral rating and $13.50 price target on Cars.com after hosting an investor meeting with its CEO Alex Vetter and CFO Becky Sheehan. The analyst notes that the management's tone was "very constructive" regarding the company's competitive positioning and the company's broader opportunity, even though he anticipates more pronounced net dealer additions and National Ad revenue growth to come in 2020. White also puts his rating and price target on Cars.com under review following the volatility related to its failed sale process.
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