Cars.com

Cars.com, Inc. engages in the provision of automotive products and services through online automotive classifieds. It sells online subscription advertising products to car dealerships. The company was founded by Mitch Golub, William Swislow, and Alex Vetter in 1998 and is headquartered in Chicago, IL.

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Cars.com reports robust 2022 performance, eyes growth amidst challenges

Cars.com's strong financial performance in 2022 underscores its market resilience and strategic positioning.
While cautious about certain revenue streams, the company anticipates growth opportunities in dealer revenue and advertising.
Maintaining a disciplined capital allocation approach and focus on free cash flow generation bode well for future financial health.

Cars.com reports 6% revenue growth in Q1 2023 earnings call

Cars.com delivered solid Q1 2023 results with revenue growth and adjusted EBITDA margin exceeding expectations.
While facing challenges such as increased operating expenses and a slight decline in dealer customers, the company remains optimistic about future growth.
By focusing on new product offerings, customer retention, and cost management, Cars.com aims to sustain revenue growth and improve profitability.

Cars.com reports solid Q2 earnings, eyes new revenue streams

Cars.com delivered a strong Q2 performance with revenue growth, EBITDA margin improvement, and successful marketplace initiatives.
Despite challenges in EV demand and market dynamics, opportunities lie in new revenue streams and strong feedback for future growth.
Financially sound with debt reduction and share repurchases, Cars.com is well-positioned for growth and investor confidence.
Strategic AI integration, successful branding, and credit rating upgrade showcase Cars.com's resilience and market adaptability.

Cars.com reports solid Q3 growth, eyes M&A and digital strategies

Cars.com's Q3 earnings reflect steady growth post-COVID, driven by investments in business resilience. The company's focus on organic traffic, website solutions, and technology positions it well for future success amidst evolving market challenges and opportunities.

Cars.com reports robust Q4 earnings, eyes growth amidst challenges

Cars.com's Q4 2023 showcased strong financials and operational growth, exceeding expectations.
Strategic initiatives and strong customer engagement position the company for continued success.
Challenges in integrating acquisitions and balancing profitability require careful navigation.
Opportunities in cost advantages, endorsements, and market interest pave the way for future growth.

Cars.com reports robust Q1 earnings, eyes growth through OEM investments

Cars.com's Q1 2024 performance showcased revenue growth, strong EBITDA margin, and customer base expansion.
While facing challenges like attrition and acquisition impacts, the company leverages opportunities in OEM investments and product adoption.
Strengthening advertising tied to EVs and upcoming investor engagements highlight strategic focus areas for future growth.
Overall, Cars.com's diversified approach and product successes position it well for continued growth and market relevance.

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Cars.com, Inc. engages in the provision of an automotive marketplace platform and digital solutions that connect car shoppers with sellers. Its portfolio of brands includes Dealer Inspire, FUEL, DealerRater, CreditIQ, and NewCars.com. The company was founded by Mitch Golub, William Swislow, and T. Alex Vetter in 1998 and is headquartered in Chicago, IL.

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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.

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

Nearly 60% of In-Market Car Shoppers are Willing to Pay More for a Vehicle if it Creates More U.S. Jobs CHICAGO , June 28, 2024 /PRNewswire/ -- Ahead of the Fourth of July holiday, car-shopping marketplace  Cars.com ® (NYSE: CARS) has revealed its 19th annual American-Made Index . Cars.com® experts independently evaluated more than 400 vehicles to generate this year's list of 100 vehicles contributing most to the U.S. economy in manufacturing, parts sourcing and employment.

Foreign Automakers Lead the Charge in Cars.com's American-Made Index

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Over 50% of Vehicles on Index Assembled in Non-UAW-Represented Facilities in Southern U.S. U.S.-Based Auto Production Facilities Are Up 144% Since 2020 CHICAGO , June 18, 2024 /PRNewswire/ -- Car-shopping marketplace  Cars.com ™ (NYSE: CARS) today revealed its 19th annual American-Made Index . Cars.com experts independently evaluated more than 400 vehicles to generate this year's list of 100 vehicles contributing most to the U.S. economy in manufacturing, parts sourcing and employment.

Incumbent Tesla is the Only Domestic Automaker in Cars.com's 2024 American-Made Index Top 10

Cars.com (CARS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Cars.com (CARS) Upgraded to Buy: What Does It Mean for the Stock?

The mean of analysts' price targets for Cars.com (CARS) points to a 32.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Does Cars.com (CARS) Have the Potential to Rally 32.07% as Wall Street Analysts Expect?

Used-Car Market Moderates; Demand Drops 8%, Prices Decline 6% CHICAGO , May 16, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc ."), an audience-driven technology company empowering the automotive industry, today launched its April Industry Insights Report.

Cars Commerce April Industry Insights Report Reveals New-Car Inventory Up 35% YoY but Remains a Million Units Below 2019 Levels With Prices Up 30% in the Same Time Frame

Cars.com Inc. (NYSE:CARS ) Q1 2024 Earnings Conference Call May 10, 2024 9:00 AM ET Company Participants Catherine Chen - Vice President, Investor Relations Alex Vetter - Chief Executive Officer Sonia Jain - Chief Financial Officer Conference Call Participants Rajat Gupta - JPMorgan Tom White - Davidson Naved Khan - B. Riley Securities Gary Prestopino - Barrington Research Doug Arthur - Huber Research Marvin Fong - BTIG Operator Good morning, ladies and gentlemen and welcome to the Cars.com First Quarter 2024 Earnings Conference Call.

Cars.com Inc. (CARS) Q1 2024 Earnings Call Transcript

The headline numbers for Cars.com (CARS) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Cars.com (CARS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Delivered Strong Revenue Growth Including 13% Year-Over-Year OEM and National Growth Achieved 5% ARPD Year-Over-Year Growth Generated $33MM of Year-To-Date Cash Flows From Operating Activities Amended and Extended Credit Agreement into a $350MM All-Revolver Structure CHICAGO , May 9, 2024 /PRNewswire/ --  Cars.com Inc . (NYSE: CARS) (d/b/a "Cars Commerce Inc." or the "Company"), an audience-driven technology company empowering the automotive industry, today released its financial results for the first quarter ended March 31, 2024.

Cars.com Reports First Quarter 2024 Results

CHICAGO , April 25, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc" or the "Company"), an audience-driven technology company empowering the automotive industry, today announced that it expects to report its financial results for the first quarter ended March 31, 2024, on Thursday, May 9, 2024. The Company will host a conference call with a live webcast at 8:00 a.m.

Cars.com to Announce First Quarter 2024 Financial Results

2024 Forte and 2024 Soul received first and second place honors in the Compact Car segment, respectively All-electric 2024 EV6 recognized as top-three pick among leading electric vehicles IRVINE, Calif. , April 16, 2024 /PRNewswire/ -- Today, Kia received three awards for vehicle excellence from the editors of Cars.com in their annual rankings of "2024 Best Value New Cars.

KIA FORTE, SOUL, ALL-ELECTRIC EV6 AWARDED AS CARS.COM "2024 BEST VALUE NEW CARS"

Despite Inflation and Interest Rate Concerns, Half of Americans Are Planning Major Purchases in 2024 CHICAGO , April 16, 2024 /PRNewswire/ -- In its second annual Affordability Report released today, car-shopping marketplace  Cars.com®  (NYSE: CARS) reveals a retail environment that is more accessible to consumers than it has been for months, and in some cases, years. Cars.com's 2024 Affordability Report is a comprehensive, data-driven resource for cost-conscious car shoppers that offers insights into consumer buying attitudes, an analysis of the current financing and trade-in landscape, and side-by-side vehicle comparisons by model, price, trim package, fuel efficiency and more.

Market Prices, Consumer Budgets Inch Closer Together, According to Cars.com's 2024 Affordability Report

Used-Car Bonanza: Supply Climbs, Prices Plummet to 32-Month Low CHICAGO , April 11, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc ."), an audience-driven technology company empowering the automotive industry, today launched its March Industry Insights Report.

Tax Season Turbocharges Car Market: Dealers and Buyers Gear Up for a Surge in Shopping Activity, According to Cars Commerce March Industry Insights Report

New Cars.com Utility Puts in Data from Over Two Million Vehicle Listings in the Hands of Consumers and Allows Them to Easily Track Their Vehicle's Value Over Time1 Your Garage Launches Alongside Dynamic 30-Second Ad and Engaging Social, Radio Content CHICAGO , April 2, 2024 /PRNewswire/ -- Car-shopping marketplace  Cars.com Ⓡ (NYSE: CARS) unveils Your Garage, a powerful tool designed to provide car owners with the ability to track the value of their vehicle over time so they can make a more informed decision. Much like tracking the value of a home, Your Garage offers a hub for consumers to keep track of the financial trajectory of their vehicles and know when it comes time to trade it in what the expected value should be when they enter the market.

Cars.com's Your Garage Gives Car Owners Market Power for Trade-Ins and New Purchases, Showcased in Latest 'Possibilities' Ad

Over 1 Million Consumer Reviews Show Responsiveness, Accountability Are Keys to Delivering Excellent Dealership Experience CHICAGO , March 6, 2024 /PRNewswire/ -- Car-shopping marketplace and dealer reputation site Cars.com® (NYSE: CARS) — home to more than 13 million dealership reviews, the most industrywide — today unveiled the winners of its annual Dealer of the Year Awards (DOTY), presented annually to the top automotive dealers. Out of the more than 50,000 U.S. and Canadian auto dealers with profiles, 987 were honored as Cars.com DOTY recipients based on more than 1 million online consumer reviews submitted in 2023.1 Winners were selected based on average star rating, total number of reviews and dealer response to those reviews — all key drivers of repeat and referral business.

The Reviews Are In: Cars.com 2024 Dealer of the Year Awards Recognize the Best Local Car-Shopping Experiences Across America

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Cars.com Inc. (NYSE:CARS) Q4 2023 Earnings Conference Call February 22, 2024 9:00 AM ET

Cars.com Inc. (CARS) Q4 2023 Earnings Call Transcript

The headline numbers for Cars.com (CARS) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Cars.com (CARS) Q4 Earnings: A Look at Key Metrics

Cars.com (CARS) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.15 per share a year ago.

Cars.com (CARS) Lags Q4 Earnings Estimates

Exceeded Fourth Quarter Guidance, Delivered 7% Year-Over-Year Revenue Growth Achieved 7% Year-Over-Year ARPD Growth coupled with Strong Fourth Quarter OEM Performance Generated $137MM of Annual Cash Flows From Operating Activities CHICAGO , Feb. 22, 2024 /PRNewswire/ --  Cars.com Inc .  (NYSE: CARS) (d/b/a "Cars Commerce Inc." or the "Company"), an audience-driven technology company empowering the automotive industry, today released its financial results for the fourth quarter and year ended December 31, 2023.

Cars.com Reports Fourth Quarter and Full Year 2023 Results

Get a deeper insight into the potential performance of Cars.com (CARS) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Ahead of Cars.com (CARS) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics

CHICAGO , Feb. 12, 2024 /PRNewswire/ -- Cars.com Inc.(NYSE: CARS) (d/b/a "Cars Commerce Inc" or the "Company"), an audience-driven technology company empowering automotive, today announced that it expects to report its financial results for the fourth quarter and full year ended December 31, 2023, on Thursday, February 22, 2024. The Company will host a conference call with a live webcast at 8:00 a.m.

Cars.com to Announce Fourth Quarter and Full Year 2023 Financial Results

Automotive Advertisers Volkswagen, Kia, Toyota and BMW See an Average Traffic Spike of 235% on Cars.com During Last Night's Big Game CHICAGO , Feb. 12, 2024 /PRNewswire/ -- Automakers that bet big on prime-time advertising were among the winners of last night's nail-biting Big Game with significant spikes in consumer traffic to their pages on car-shopping marketplace Cars.com® (NYSE: CARS). Kia, Toyota, Volkswagen and BMW made waves with prime-time commercials highlighting electric vehicles and pickup trucks — but Volkswagen won the competition with a sizable 394% spike in traffic on Cars.com following the airing of its ad, "An American Love Story.

News for Cars.com Stock (CARS)