Cars.com: BTIG bullish on new product offerings, shares rise

Cars.com

21/05/2021 15:27

** Shares of online automotive dealer  CARS.N  up 2.5% at
$14.08, their highest in nearly two weeks
    ** BTIG raises target price to $19 from $16, implying an
upside of 38% to stock's last close
    ** Co appears to be on the brink of several new product
offerings - brokerage
    ** Co has a "credible path" to increase montetisation of its
FUEL in-market video business, brokerage says
    ** CARS launched FUEL IMV last year to help dealers target
prospective buyers better 
    ** Consensus rating on the stock is "buy"; with a median PT
of $18 
    ** Stock up nearly 25% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))