Amid stay-at-home orders nationwide, Cars.com™ (NYSE: CARS) announced today new insights from its research to understand the ways American drivers are using their cars. Just about everyone has encountered new challenges, and research reinforces that our cars represent safety, freedom, and even escape.

Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, today announced that it expects to report its financial results for the first quarter ended on March 31, 2020 on Wednesday, May 6, 2020. The Company will host a conference call with a live webcast at 9:00 a.m. CDT/10:00 a.m. EDT on the same day to discuss the results.

Leading automotive digital solutions provider CARS Inc. (NYSE: CARS) announced today new insights from its research to determine the impact of COVID-19 on the U.S. automotive industry. The company found that while many dealerships are experiencing historically low foot traffic and many have closed showrooms completely, tens of millions of people are still actively engaged in car purchases online. Data demonstrates that nearly 80 percent of Cars.com's visitors are searching and viewing inventory with high intent to purchase1. However, these car shoppers are looking for alternative ways to connect with local dealerships in the current environment as America observes restrictions in order to contain the coronavirus pandemic.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Cars.com Inc. (NYSE: CARS) ("Cars.com" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, today released its financial results for the quarter ended March 31, 2020. The Company will report first-quarter operational and financial results and provide context around the impact of the restrictions imposed as a result of the COVID-19 pandemic.

Cars.com has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

Digital automotive marketplace and solutions provider Cars.com (NYSE: CARS) today revealed its latest research that found while 64% of Americans will not travel this Memorial Day weekend due to COVID-19, 36% still plan to take a trip. Of those planning to travel, 75% will do so by car, taking a short road trip closer to home, likely to abide by local safety guidelines. Cars.com's research also found virus concerns, along with deep discounts on cars, are motivating 33% of in-market Americans to buy a car this holiday weekend — sooner than originally planned.1

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Shares of Cars.com (NYSE: CARS), a digital marketplace connecting buyers and sellers in the automotive industry, are soaring 34% after the company crushed first-quarter earnings estimates. The Motley Fool has a disclosure policy.

According to recent research by Cars.com (NYSE: CARS), a leading digital automotive marketplace and solutions provider, 33% of in-market car shoppers are ready to take advantage of the deep discounts being offered by automakers and dealerships nationwide this weekend.¹

According to new research by Cars.com™ (NYSE: CARS), millennials' expectations of vehicle ownership and the automotive industry at large are unmet in the year 2020. The generation born between 1981-96 expressed their appreciation for car ownership but dissatisfaction with technological advancement in the space.

The suspense is over, and now we all know: COVID-19 has hit the markets like a ton of bricks. After a 8% drop in the last week of February, and enormous volatility to start the month of March, the S&P 500 is down 15% year-to-date.The sudden collapse in stocks comes as oil prices are also plummeting. The sudden fall in oil is hitting energy companies – oil drillers, refiners, and midstreamers – particularly hard, at a time when the sector had already been dealing with low prices. Yesterday was the worst day for oil prices since 1991.While the coronavirus is getting the attention, the immediate cause of the oil collapse was a sudden price war between Russia and Saudi Arabia. Both producers were reeling from the virus’s general impact on the markets, and consequent poor demand for oil; Saudi Arabia led OPEC in a move to cut back output and provide price support, but Russia refused to cooperate and tried to move in on Saudi market share. The Saudis responded by slashing prices – and then the bottom fell out. And now there’s a smell of panic on the trading floors, for both commodities and stocks.But just because the markets sliding hard into correction territory doesn’t mean that there aren’t compelling stock buys out there. After all, the adage is, ‘Buy low, sell high.’ Prices are low right now. We’ve pulled three stocks from the TipRanks database that Wall Street’s analysts are recommending for investors. All have received ratings upgrades, and show upwards of 35% growth potential in the coming months. Let’s take a closer look.Cars.com, Inc. (CARS)Our first stock is a proven survivor – Cars.com was founded back in 1998, and survived the crash of the original dot.com bubble. Today, the company is worth nearly $450 million and is the internet’s second-largest automotive classified ad section.Cars had a rough year in 2019. The stock cratered after a dismal Q2 report, but had begun to recover by year’s end, supported by forecast-beating earnings in both Q3 and Q4. The Q4 results were especially strong, with EPS coming in at 60 cents, 114% higher than expectations. Unfortunately, the coronavirus crash brought the 2H19 momentum to an end, erasing the gains the stock had made.Nevertheless, Cars.com has strengths to recommend it for the long haul. BTIG analyst Marvin Fong points them out, writing, “We believe Cars.com is in the midst of a turnaround that appears to be gaining measured traction and valuation is overly punitive. We expect CARS will deliver significant margin improvement in the back-half of 2020 as one-time costs roll-off and new products begin generating more meaningful revenue… We believe even if the economy experiences a significant downturn, valuation is attractive.”Fong puts a $10 price target on Cars.com, implying a 12-month upside potential of 53%. In line with this, he has upgraded his rating from Neutral to Buy. (To watch Fong’s track record, click here)Overall, CARS shares have 6 Buys and 1 Hold, making the analyst consensus rating a Strong Buy. Shares are deeply discounted, at $6.47, and the average price target of $12.29 suggests a robust upside potential of 90% (See Cars.com’s stock analysis at TipRanks)Logitech International (LOGI)Swiss-based Logitech is a major manufacturer and distributor of home computer and mobile peripheral hardware. The company’s products include keyboards and mouse pointers, webcams, microphones and headsets, and more.Logitech entered calendar year 2020 after a solid fiscal Q3. EPS beat the forecast, coming in at 78 cents compared to 77 expected. At $903 million, revenues edged over the estimates and were up 4% year-over-year. And better yet, LOGI finished 2019 with $656 million cash on hand, up 14% yoy, and with $181 million in quarterly operating cash flow, up 70% sequentially.Strong performance in an adverse market environment will always attract attention, and Wedbush’s Michael Pachter was drawn to Logitech. He sees room here for a 25% upside, as indicated by his $48 price target, and bumped his rating from Neutral to Buy.Supporting his bullishness on LOGI, Pachter writes, “We expect Logitech’s global portfolio of mature businesses coupled with compelling growth stories to not only weather the current market disruption, but thrive within the uncertain environment. We think Logitech’s ability to expand operating margin while mitigating the impact of China tariffs and supply chain disruption underscores management’s agility. Furthermore, we think Logitech is well-positioned to benefit from a shifting culture amid health concerns globally.” (To watch Pachter’s track record, click here.)Logitech’s Moderate Buy consensus rating is based on 5 Buys, 2 Holds, and 1 Sell assigned to the stock in recent weeks. The average price target, $51.03, suggests room for 36% upside potential. (See Logitech stock analysis on TipRanks)Phillips 66 (PSX)Last on our list is a mainstay of the energy industry. Phillips 66 is the modern descendant of the Phillips Petroleum Company, founded in 1927. The modern company is a major producer of natural gas liquids and petrochemicals. Phillips brings in over $120 billion in annual revenues – at least, before the current oil-driven hit to the stock markets.Fortunately for Phillips, the company was performing adequately before the market downturn. In Q4, earnings edged over the estimates and reached $1.54 per share. Quarterly revenues beat the forecast by 8.5%, coming in at $29.6 billion. Both numbers were down year-over-year; the low prices that have plagued the energy industry in recent months (even before today’s debacle) have been the main headwind here.The company has used its positive earnings to keep up its dividend payments. PSX paid out a 90-cent dividend in February, making the annualized payment $3.60 per share for a yield of 5.8%. That yield is almost triple the average dividend yield among energy stocks – and almost 6x the yield of Treasury bonds. Phillips has an 8-history of maintaining and growing its dividend payments.Manav Gupta, reviewing the energy sector for Credit Suisse, is impressed by PSX’s dividend – and its firm position in its field. He upgraded his outlook from Neutral to Buy, and gave the stock a $100 price target, showing his confidence in a 61% upside potential.In his note on energy stocks, Gupta wrote of Phillips, “PSX, with the most diversified earnings stream, we believe is among the best positioned refiners to weather the current macro volatility. We expect an 8-10% dividend hike in 2Q 2020... In the last five years, PSXP has outperformed MPLX by 47%, as the market views PSX’s midstream business model as superior.” (To watch Gupta’s track record, click here.)PSX shares get a Moderate Buy from the analyst consensus, based on 6 Buys against 3 Holds. Shares are currently selling for $62.09, and the average price target of $111.88 indicates a robust 80% upside potential. (See Phillips stock analysis on TipRanks)

Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, today announced that due to the ongoing public health impact of the coronavirus pandemic and to support the health and well-being of stockholders, employees, directors, and communities, the CARS 2020 Annual Meeting of Stockholders (the "Annual Meeting") will be held in a virtual meeting format only, via live audio webcast at its previously announced date and time of May 14, 2020 at 9:00 a.m. Central time. Stockholders will not be able to attend the Annual Meeting in person. However, stockholders of record as of the close of business on March 16, 2020 will be able to vote and ask questions during the meeting through the online platform.

Cars.com (CARS) delivered earnings and revenue surprises of 45.45% and 4.96%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

These auto stocks are in high gear Friday after giving investors a glimmer of hope during the first quarter.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Cars.com Inc. (NYSE: CARS) ("CARS"), a leading digital marketplace and solutions provider for the automotive industry, announced today its response in support of dealers during the COVID-19 pandemic.

Whilst it may not be a huge deal, we thought it was good to see that the Cars.com Inc. (NYSE:CARS) Co-Founder, T...

Cars.com (CARS) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Cars.com (CARS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.