U.S. Markets closed

Cars.com Shares Rev Up on Citi Upgrade to Buy

Rob Lenihan

shifted into high gear Tuesday, rising 6.1% to $21.08, after Citi upgraded the digital automotive marketplace to buy from neutral. Nicholas Jones left his price target for the Chicago-based company unchanged at $27. Jones said in a note to investors that the stock's current valuation is low even if the probability of an acquisition were excluded.