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Cars.com (CARS) Jumps: Stock Rises 8%
Cars.com Inc. (CARS - Free Report) was a big mover last session, as the company saw its shares rise 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $28.25 to $30.42 in the past one-month time frame.
The move came after reports mentioned that the company is looking for prospective buyers, who can acquire it.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter 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 #3 (Hold) while its Earnings ESP is 0.00%.
Cars.com Inc. Price
Cars.com Inc. Price | Cars.com Inc. Quote
A better-ranked stock in the Internet - Commerce industry is Groupon, Inc. (GRPN - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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