Cars.com price target lowered to $13 from $22 at B. Riley

Core Viewpoint - B. Riley analyst Naved Khan has lowered the price target for Cars.com (CARS) to $13 from $22 while maintaining a Buy rating on the shares due to mixed Q4 results and below-consensus guidance for 2026 [1] Financial Performance - Cars.com reported Q4 revenue that was in line with consensus expectations, indicating stable sales performance [1] - EBITDA for the quarter was lower than expected, primarily impacted by a decline in advertising spending on the platform [1] Future Guidance - The guidance for 2026 is below consensus, suggesting that the company anticipates ongoing challenges in the advertising sector [1]