Cars.com price target lowered to $12 from $13 at UBS

UBS lowered the firm’s price target on Cars.com (CARS) to $12 from $13 and keeps a Neutral rating on the shares. Cars.com beat Q1 EBITDA expectations amid better margins, but the stock sold off on the removal of 2025 sales guidance given the uncertainty on the magnitude and timing of spending by their customers, the analyst tells investors in a research note. The firm remains on the sidelines.