Cars.com price target raised to $25 from $23 at BTIG

BTIG analyst Marvin Fong raised the firm’s price target on Cars.com (CARS) to $25 from $23 and keeps a Buy rating on the shares as part of a broader research note previewing 2025 for the e-commerce sector. Heading into next year, it is a “virtual certainty” that government policy will be a major factor for the market, and the firm is of the opinion that the incoming administration will pursue policies that will be a net positive for consumers, the analyst tells investors in a research note. BTIG adds that Cars.com is past the CDK incident, with October dealer adds seen as positive and the management having made the necessary changes to get Accutrade on track, BTIG adds.