All You Need to Know About Cars.com (CARS) Rating Upgrade to Buy

Therefore, the Zacks rating upgrade for Cars.com basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings es ...