Cars.com in Pivotal Point Check: JPMorgan Upgrade Fuels Share Price Increase – Digital Platform for New and Used Vehicles Becomes a "Must-Have" for Auto Dealers!
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JPMorgan has upgraded the rating from "Neutral" to "Overweight." Strong Q1 results, attractive valuation, and reduced cyclical risk. Cars.com is becoming the "must-have" platform for auto dealers. The online platform for new and used cars has received a significant upgrade from JPMorgan. The rating was raised from "Neutral" to "Overweight," while the price target remains unchanged at $14.00. The upgrade, despite no increase in the price target, triggered an immediate positive response in the market. Shares of Cars.com rose by 5% on July...
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