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Cars.com (CARS) Surges: Stock Moves 6.4% Higher

Zacks Equity Research

Cars.com Inc. CARS was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $20.27–$23.30 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cars.com currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Cars.com Inc. Price

Cars.com Inc. Price | Cars.com Inc. Quote

Investors interested in the Internet – Commerce industry may consider a better-ranked stock like Amazon.com, Inc. AMZN, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
 
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