Cars.com Inc.Long
$CARS Positive trading in CARS, Has it found a bottom?
Despite posting a loss in the quarter the stock has traded very well today on what has been a difficult session. They main loss was attributed to a decline in dealerships but the company is very upbeat about the drastically improved brand awareness. We think there is a good case for taking a long position above $22.50
Cars.com Inc. (CARS) on Friday reported a first-quarter loss of $9 million, after reporting a profit in the same period a year earlier.
The online automotive marketplace posted revenue of $154.2 million in the period, which topped Street forecasts, analysts expected $152.4 million.
Cars.com Inc. (CARS) on Friday reported a first-quarter loss of $9 million, after reporting a profit in the same period a year earlier.
The online automotive marketplace posted revenue of $154.2 million in the period, which topped Street forecasts, analysts expected $152.4 million.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.