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.

CHICAGO, June 30, 2021 /PRNewswire/ -- Leading digital automotive marketplace and solutions provider  Cars.com TM (NYSE: CARS) found that 44% of in-market car shoppers plan to buy this July Fourth weekend. Of those shoppers, 53% intend to buy a U.S.-based vehicle.1 "As the pandemic threat subsides, we're seeing interesting ripple effects," said Kelsey Mays, Cars.com consumer news editor.

Cars.com Reveals the Best Fourth of July Deals for the Most American-Made Vehicles as New Survey Finds 44% of In-Market Shoppers Plan to Buy This Weekend(1)

CHICAGO, June 28, 2021 /PRNewswire/ -- Cars.com TM (NYSE: CARS), a leading digital automotive marketplace and solutions provider, today announced a transformed online platform and mobile app for its 26 million monthly unique users¹. The new site offers load times up to 87%² faster and real-time inventory updates of over 50,000 cars added to the site daily³ — an especially important feature in today's car-inventory-starved environment.

The New and Improved Cars.com Is Here

CHICAGO, June 23, 2021 /PRNewswire/ -- Leading digital automotive marketplace and solutions provider  Cars.com TM (NYSE: CARS) today released its 2021 American-Made Index (AMI), an independent, annual list that ranks the new vehicles that contribute most to the U.S. economy based on criteria ranging from U.S. factory jobs and manufacturing plants to parts sourcing. The No. 1 most American-made vehicle for 2021 is the Tesla Model 3.

Tesla Model 3 Snags No. 1 Spot on Cars.com's 2021 American-Made Index®; First All-Electric Vehicle to Top the List in Its 16-Year History

CHICAGO, June 10, 2021 /PRNewswire/ -- According to recent research from leading digital automotive marketplace and solutions provider  Cars.com TM (NYSE: CARS), nearly 10% of recent car buyers drove out of state to purchase their desired vehicle, with more than half (52%) of those traveling 25 miles, nearly 20% traveling 50 miles and 13% of buyers traveling more than 250 miles to a dealership due to ongoing new- and used-car inventory shortages.1 "With the current auto inventory challenges, recent car buyers are going to great lengths to find the car they want," said Kelsey Mays, Cars.com assistant managing editor, news. "I don't anticipate this trend slowing down, either.

Inventory Shortages Drive Car Shoppers to Neighboring States: Cars.com Reports 10% of Recent Buyers Traveled Across State Lines to Purchase a Car

CHICAGO, May 26, 2021 /PRNewswire/ -- Car shoppers are ready to take advantage of Memorial Day weekend deals — if they can find them, according to recent research from leading digital automotive marketplace and solutions provider Cars.com TM (NYSE: CARS). However, shoppers may have better luck selling their vehicle to a local car dealership.

43% of Car Shoppers Plan to Buy This Memorial Day Weekend, But It's an Even Better Time to Sell, Reports Cars.com

CHICAGO, May 19, 2021 /PRNewswire/ -- Americans are ready for the return of summer travel, according to Cars.com TM (NYSE: CARS), a leading digital automotive marketplace and solutions provider.  More than half of Americans (60%) plan to get away this Memorial Day weekend, up more than 66% compared to last year, according to Cars.com's national survey.

Cars.com Finds 89% of Memorial Day Travelers Prefer to Road-Trip Even as More Americans Become Vaccinated

CHICAGO, May 17, 2021 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, today announced that Alex Vetter, President and Chief Executive Officer, will present at the virtual J.P. Morgan Global Technology, Media and Communications Conference Monday, May 24 at approximately 4:15 p.m.

CARS to Present at the 49th Annual J.P. Morgan Global Technology, Media and Communications Conference

Cars.com, Inc. (CARS) CEO Alex Vetter on Q1 2021 Results - Earnings Call Transcript

Cars.com (CARS) delivered earnings and revenue surprises of -69.23% and 5.43%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Cars.com (CARS) Lags Q1 Earnings Estimates

CHICAGO, May 6, 2021 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" 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, 2021. Q1 2021 Financial and Key Metric Highlights Revenue of $153.3 million, up $5.2 million, or 4% year-over-year GAAP net income of $5.3 million, or $0.08 per diluted share Adjusted EBITDA of $48.1 million, or 31% of revenue, up $13.0 million year-over-year Net cash provided by operating activities of $50.4 million, up 74% year-over-year, with Free Cash Flow of $44.1 million, compared to $28.9 million of net cash provided by operating activities and $23.1 million of Free Cash Flow in the prior-year period Average Monthly Unique Visitors of 26.0 million, up 4% year-over-year Traffic of 156.6 million, down 1% year-over-year Monthly Average Revenue Per Dealer ("ARPD") of $2,268, up 8% from $2,092 in the prior-year period, representing three consecutive quarters of year-over-year growth Dealer Customers of 18,823 as of March 31, 2021, up 451, the highest number of additions since the spin-off, compared to 18,372 as of December 31, 2020 Operational Highlights Became a semi-exclusive provider of website services for FordDirect, opening up a new opportunity to sell to FordDirect's 3,000 U.S. dealers Surpassed 10 million vehicle, dealership and salesperson reviews, demonstrating a focus on continuously providing unique content to consumers through digital solutions like DealerRater Appointed auto industry veteran, Jenell Ross, to CARS' Board of Directors; Jenell is the President of Bob Ross Auto Group, a leading Midwest dealership, and was recently named to Automotive News' 100 Leading Women in the North American Auto Industry "We maintained strong momentum in our business in the first quarter, delivering continued sequential growth in dealer customers and year-over-year growth in ARPD and across all key financial measures.

CARS Reports First Quarter 2021 Results

CHICAGO, May 4, 2021 /PRNewswire/ --  Cars.com  (NYSE: CARS), a leading digital marketplace and solutions provider for the automotive industry, announced today that an astounding 10 million car buyers have left reviews for local dealers on its platform, powered by its DealerRater technology.¹ For years, Cars.com has provided a venue for consumers to voice their honest feedback about local car dealers, vehicles and even individual salespeople, making it the broadest and largest automotive review platform.

Cars.com Reaches Milestone: 10 Million Dealership Reviews From Car Buyers With Recent Growth Spurred by the Pandemic

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.

Analysts Estimate Cars.com (CARS) to Report a Decline in Earnings: What to Look Out for

NAPERVILLE, Ill., April 29, 2021 /PRNewswire/ --  Dealer Inspire (DI), a Cars.com Inc. (NYSE: CARS) company that provides disruptive technology and digital advertising solutions to the automotive industry, announced today that it was selected by FordDirect as a preferred website and technology platform provider for its approximately 3,000 local U.S. dealerships.

FordDirect Selects Dealer Inspire as Preferred Website and Technology Platform Provider for its 3,000 U.S. Dealers

CHICAGO, April 22, 2021 /PRNewswire/ -- 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 March 31, 2021 on Thursday, May 6, 2021. The Company will host a conference call with a live webcast at 9:00 a.m.

CARS to Announce First Quarter 2021 Financial Results

CHICAGO, April 13, 2021 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading digital automotive marketplace and solutions provider, today announced the appointment of Jenell Ross as a member of its Board of Directors.   Ross is an auto industry veteran, with 28 years of experience, and was recently named one of 2020's 100 Leading Women in the North American Auto Industry by Automotive News.

CARS Appoints Jenell Ross to Board of Directors

CHICAGO, March 25, 2021 /PRNewswire/ -- As the pandemic continues, Americans are ready to hit the road for spring break , reports Cars.com TM (NYSE: CARS), a leading digital automotive marketplace and solutions provider. According to the company's latest research, 57% of Americans plan to take a trip this spring, up from 32% in 2020 and 54% in 2019.

Pent-Up Demand Spikes Spring Break Travel: 70% of Travelers Opt for Road Trips as Americans' Vacation Plans Surpass Pre-Pandemic Levels

Bear Of The Day: Cars.com (CARS)

CHICAGO, March 10, 2021 /PRNewswire/ -- One year from the start of a historic worldwide pandemic that changed commerce and transportation, maybe permanently, leading automotive digital marketplace and solutions provider Cars.com Inc. (NYSE: CARS) today unveiled new insights about the pandemic's impact on car buying and selling. Shoppers logged a record 30 million hours on Cars.com over the last year as the stay-at-home economy took hold, representing a 9% increase since March 2020.1  There were also significant jumps in first-time and urban buyers entering the auto market, reflecting a shift away from public or shared transportation and a heightened demand for the freedom and security provided by car ownership.

Cars.com Shoppers Logged a Record 30 Million Hours on the Platform Last Year, as More Americans Turn to Car Ownership

Cars.com, LLC's (CARS) CEO Alex Vetter on Q4 2020 Results - Earnings Call Transcript

Cars.com (CARS) delivered earnings and revenue surprises of -74.29% and 5.11%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Cars.com (CARS) Misses Q4 Earnings Estimates

CHICAGO, Feb. 25, 2021 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, today released its financial results for the fourth quarter and year ended December 31, 2020. Q4 Financial and Key...

CARS Reports Fourth Quarter and Full Year 2020 Results

CHICAGO, Feb. 11, 2021 /PRNewswire/ -- 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 fourth quarter and full year ended...

CARS to Announce Fourth Quarter and Full Year 2020 Financial Results

CHICAGO, Feb. 9, 2021 /PRNewswire/ -- As the 2021 Virtual National Automobile Dealers Association Show kicks off this week on Feb 9-11, Cars.com (NYSE: CARS), a leading digital marketplace and solutions provider for the automotive industry, announced today that it sends three times more...

Cars.com Delivers Three Times More Dealer Website Referrals Compared to Nearest Auto Marketplace Competitors

CHICAGO, Feb. 8, 2021 /PRNewswire/ -- Besides Tampa Bay, this year's big winner was Cadillac with its Edward-Scissorhands-inspired commercial that led to a 194% traffic bump to its respective branded pages on Cars.com™ (NYSE: CARS), a leading digital automotive marketplace and solutions...

Touchdown: Cadillac Wins the Big Game on Cars.com with a 194% Spike in Traffic From Car-Shopping Football Fans

CHICAGO, Feb. 8, 2021 /PRNewswire/ -- FUEL, a Cars.com Inc. company (NYSE: CARS) and a leading automotive digital video provider, announced today impressive success rates from first-year operations. Launched at the 2020 National Automobile Dealers Association Conference , FUEL again...

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