(CARS) Getting Somewhat Favorable Press Coverage, Analysis Shows

Press coverage about (NASDAQ:CARS) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.4838735505697 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

A number of analysts have commented on CARS shares. Craig Hallum assumed coverage on in a report on Thursday, July 20th. They issued a “hold” rating and a $25.00 price objective for the company. Barrington Research assumed coverage on in a research report on Tuesday, June 6th. They set an “outperform” rating on the stock. (NASDAQ:CARS) opened at 24.46 on Friday. has a 12 month low of $19.90 and a 12 month high of $29.47. The stock has a 50 day moving average price of $24.81 and a 200 day moving average price of $25.58. The stock has a market capitalization of $1.75 billion and a P/E ratio of 11.51. (NASDAQ:CARS) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.40. The company had revenue of $156.62 million for the quarter, compared to the consensus estimate of $157 million. had a net margin of 15.84% and a return on equity of 5.13%.’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share. Equities analysts predict that will post $1.35 EPS for the current fiscal year.

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