Cars.com (CARS, $21.01) stock climbs +6%, on rating upgrade by Citi
Following a rating upgrade by Citi, Cars.com shares jumped around +6% Tuesday.
Citi analysts raised their rating on the digital automotive marketplace company to buy from neutral. Analyst Nicholas Jones mentioned in a note to clients that Cars.com’s valuation is low at current levels.
However, Jones left his price target on the stock unchanged at $27.
In its latest quarterly results published in May, Cars.com reported fiscal first-quarter earnings of 28 cents a share, which fell short of Wall Street's expectations of 30 cents a share. Its revenue of $154.20 million during the quarter, however, managed to beat the Street estimates of $152.29 million.
CARS in upward trend: 10-day moving average broke above 50-day moving average on June 26, 2025
The 10-day moving average for CARS crossed bullishly above the 50-day moving average on June 26, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 20, 2025. You may want to consider a long position or call options on CARS as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CARS just turned positive on June 04, 2025. Looking at past instances where CARS's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
CARS moved above its 50-day moving average on June 20, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CARS advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 226 cases where CARS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CARS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CARS broke above its upper Bollinger Band on June 20, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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