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.

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.

Is Cars.com (CARS) a Great Value Stock Right Now?

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Why Cars.com Stock Jumped 12% This Morning

CHICAGO, Aug. 31, 2020 /PRNewswire/ -- The latest research from Cars.com (NYSE: CARS), a leading digital automotive marketplace and solutions provider, found that 60% of Americans plan to travel this Labor Day weekend,1 nearly double the amount compared to Memorial Day (34%),2 and 88% are.

Car Shoppers Put Pedal to the Metal Labor Day Weekend: 51% Ready to Buy, Even More Hit The Road for Holiday Travel, According to Cars.com

Q2 2020 results were much better than expected. The stock rallies to reflect investors' change of sentiment.

Cars.com Surpasses Investors' Expectation, Still Upside Potential

Is Cars.com (CARS) Stock Undervalued Right Now?

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Cars.com: Because Used Car Sales Are Back, But Online

Cars.com Inc. (CARS) CEO Alex Vetter on Q2 2020 Results - Earnings Call Transcript

The digital car marketplace posted better-than-expected results in the second quarter.

Why Cars.com Stock Was Soaring Today

Cars.com (CARS) delivered earnings and revenue surprises of 119.35% and 8.16%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Cars.com (CARS) Surpasses Q2 Earnings and Revenue Estimates

CHICAGO, July 30, 2020 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("Cars.com," "CARS" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, today released its financial results for the quarter ended June 30, 2020.

CARS Reports Second Quarter 2020 Results

CHICAGO, July 21, 2020 /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 second quarter ended on June 30, 2020 on.

CARS to Announce Second Quarter 2020 Financial Results

If you are an investor in Cars.com Inc, there are three things you should care about: (1) Why has the stock dropped a massive 53% this year (as of July 14, 2020)? (2) Can it recover from here?

Cars.com Could Be A Good Investment Now

Cars.com: Why I'm Long This Stock

CHICAGO, June 29, 2020 /PRNewswire/ -- Recent research by Cars.com (NYSE: CARS), a leading digital automotive marketplace and solutions provider, found 44% of in-market car shoppers plan to buy a car this Fourth of July weekend.1 Of those ready to buy, top reasons include wanting...

Cars.com Shares the Best Fourth of July Deals on American-Made Cars as Survey Reveals 44% of Shoppers Plan to Buy This Weekend

Investors need to pay close attention to Cars.com (CARS) stock based on the movements in the options market lately.

Do Options Traders Know Something About Cars.com (CARS) Stock We Don't?

CHICAGO, June 23, 2020 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS), a leading digital automotive marketplace and solutions provider, today released its 2020 American-Made Index (AMI). Now in its 15th year, the AMI is an independent annual list that ranks the new vehicles that contribute...

Cars.com Releases Expanded 2020 American-Made Index®: Ford Ranger Takes Top Ranking, While Tesla and Honda Each Earn Three Spots in the Top 10

CHICAGO, June 18, 2020 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company") today announced it has concluded its search for chief financial officer and has appointed Sonia Jain to the role effective July 6, 2020. Sonia joins CARS from Redbox and has more than 10 years of...

CARS Appoints Sonia Jain as Chief Financial Officer

Cars.com (NYSE: CARS) shares are trading higher on Tuesday after the company announced an amendment to its existing credit facility, providing the company with increased flexibility.

Why Cars.Com's Stock Is Trading Higher Today

CHICAGO, June 16, 2020 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company") today announced an amendment to its existing credit facility providing the Company with increased covenant flexibility through the end of the facility in May 2022. The amendment includes a covenant...

CARS Announces Amendment to its Credit Agreement Including Waiver of Net Leverage and Interest Coverage Covenants Through 2020

CHICAGO, June 15, 2020 /PRNewswire/ -- Digital automotive marketplace and solutions provider Cars.com (NYSE: CARS) released new research today revealing that 42% of in-market car shoppers plan to visit a drive-in movie theater this summer1. With in-home entertainment losing its luster as...

Cars.com Reveals the 5 Best Cars to Take to the Drive-In This Summer

NAPERVILLE, Ill., June 11, 2020 /PRNewswire/ -- Dealer Inspire (DI), a Cars.com Inc. (NYSE: CARS) company that provides disruptive technology and digital marketing solutions to the automotive industry, announced today a new OEM agreement with American Honda Motor Co. DI has been selected...

Honda Selects Dealer Inspire® as a Preferred Website and Technology Platform Provider for its Nearly 1,000 US Dealerships

CHICAGO, May 20, 2020 /PRNewswire/ -- 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...

Cars.com Reports the Top 10 Memorial Day Car Deals for Americans Ready to Buy This Weekend

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News for Cars.com Stock (CARS)