By Christiana Sciaudone
biedex.com — Cars.com shares revved as much as 23% higher after strong preliminary results at the close Wednesday prompted at least two analyst upgrades.
B. Riley raised the stock to buy from neutral and upped its price target to $11 from $9, with analyst Lee Krowl noting that the results pointed to better dealer retention. The shares currently trade around $9.30. Craig-Hallum also upgraded the stock, moving it to a buy from hold.