Cars.com (CARS) Surges: Stock Moves 6.4% Higher
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
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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.