Cars.com, LLC, through its subsidiaries, operates as a digital marketplace, and provides solutions for the automotive industry. Its platform connects car shoppers with sellers. The company, through its marketplace, dealer websites, and other digital products, showcases dealer inventory, elevate and amplify dealers' and automotive manufacturers' (OEMs) brands, connect sellers with ready-to-buy audience, and empower shoppers with the resources and information needed to make car buying decisions. It also offers marketplace products, such as marketplace subscription advertising and social selling services; digital solutions, including Website platform hosting, AI chat tool, digital retailing, and review and reputation management; and advertising comprising display advertising, digital advertising, and in-market audio services. As of December 31, 2020, the company served 18,372 dealer customers in 50 states, which included franchise and independent dealers, with digital and brick-and-mortar stores; and primary automakers selling vehicles in the United States. Its customers are local car dealers, OEMs, and other national advertisers. Cars.com, LLC was founded in 1998 and is based in Chicago, Illinois.
IPO Year: 2017
Exchange: NYSE
Website: cars.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2024 | $25.00 → $19.00 | Overweight → Neutral | JP Morgan |
| 9/15/2023 | $20.00 | Neutral | UBS |
| 7/20/2023 | $26.00 | Buy | B. Riley Securities |
| 7/20/2023 | $28.00 | Buy | B. Riley Securities |
| 6/27/2023 | $23.00 | Overweight | JP Morgan |
| 6/21/2022 | $19.00 → $16.00 | Buy | BTIG Research |
| 2/2/2022 | Neutral | Northcoast | |
| 11/15/2021 | $19.00 → $20.00 | Buy | DA Davidson |
| 8/27/2021 | $18.00 | Buy | Truist Securities |
New year brings tightening used-car supply, a shifting definition of "American-made," and new strategies for electric cars CHICAGO, Dec. 17, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce Inc."), an audience-driven technology company powering automotive, today released its 2025 Automotive Trends. The industry is entering the new year with a mix of optimism and challenges as shifts in supply and demand continue to shape automotive retail. "Affordability is improving, but we're not out of the woods. Two interest rate cuts in late 2024 eased borrowing pressu
Revenue Grew 3% Year-over-Year, with OEM and National Revenue Achieving 17% Year-over-Year GrowthPlatform Growth Driven by AccuTrade, D2C Media, and VIN Performance Media ProductsGenerated $123MM of Year-To-Date Net Cash Provided by Operating Activities, up 34% Year-over-YearRepurchased 1.2 Million Shares, Representing 45% of Quarterly Free Cash Flow CHICAGO, Nov. 7, 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 third quarter ended September 30, 2024.
CHICAGO, Oct. 24, 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 third quarter ended September 30, 2024, on Thursday, November 7, 2024. The Company will host a conference call with a live webcast at 8:00 a.m. CT/9:00 a.m. ET on the same day to discuss the results. The conference call will be hosted by Chief Executive Officer, Alex Vetter and Chief Financial Officer, Sonia Jain. Those inte
The Automotive Market Sees a Shift as Stellantis Brands Cut Prices While Toyota and Honda Face Strong Demand CHICAGO, Oct. 21, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce."), an audience-driven technology company empowering the automotive industry, outlines shifts in the automotive industry in its September Industry Insights Report. This comprehensive report, crafted by Cars Commerce's expert data analysts, delves into macro and micro automotive market insights by analyzing supply, demand, pricing and consumer behavior data from across the company's platform, including Cars.com®, Dealer Inspire® and Accu-Trade®.
Used-Car Market Levels Out Amid Softening Trade-In Values and Increased Inventory CHICAGO, Sept. 19, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce."), an audience-driven technology company empowering the automotive industry, outlines shifts in the automotive industry in its August Industry Insights Report. This comprehensive report, crafted by Cars Commerce's expert data analysts, delves into macro and micro automotive market insights by analyzing supply, demand, pricing and consumer behavior data from across the company's platform, including Cars.com®, Dealer Inspire® and Accu-Trade®.
Used-Car Market Struggles With Shortage of Low-Mileage Vehicles, Leading to Price Decline and Influx of High-Mileage Inventory CHICAGO, Aug. 16, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce."), an audience-driven technology company empowering the automotive industry, outlines shifts in the automotive industry in its July Industry Insights Report. This comprehensive report, crafted by Cars Commerce's expert data analysts, delves into macro and micro automotive market insights by analyzing supply, demand, pricing and consumer behavior data from across the company's platform, including Cars.com®, Dealer Inspire® and Accu-Trade®.
Only Six Vehicles — All SUVs — Take Top Spots in Cars.com's 2024 Best Cars for Car Seats Report, With Half From Volkswagen CHICAGO, Aug. 13, 2024 /PRNewswire/ -- Car-shopping marketplace Cars.com™ (NYSE:CARS) reports over 60% of parents say car seats play a pivotal role in their purchase decision, with some going as far as to bring a car seat to the dealership for a test fit before buying.1 Of parents who brought a car seat to the dealership, 84% said their questions were answered effectively, making the process smoother and more reassuring.1 To further aid parents, Cars.com's 2024 Best Cars for Car Seats Report provides current and expecting parents with a resource that evaluates which vehi
Revenue Grew 6% Year-over-Year and OEM and National Revenue Achieved Record 28% Year-Over-Year Growth Dealer Base Grew to 19,390 Customers While Sustaining Robust Average Revenue Per Dealer Generated $69MM of Year-To-Date Cash Flows From Operating Activities Targets Returning 50% of Second Half 2024 Free Cash Flow to Shareholders Through Share Repurchases Reaffirms Full Year Adjusted EBITDA Outlook and Updates Revenue Outlook CHICAGO, Aug. 8, 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 second quarter ended June 30, 2024.
A Turning Point for Electrification: Since 2019, New-EV Demand Up 930%, Supply Soars 825%, Prices Up 56% CHICAGO, July 26, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce Inc."), an audience-driven technology company empowering the automotive industry, reveals the first half of 2024 has brought notable changes to the automotive industry in its Industry Insights Report. This comprehensive report, crafted by Cars Commerce's expert data analysts, delves into macro and micro automotive market insights by analyzing supply, demand, pricing and consumer behavior data from across the company's platform, including Cars.com®, Dealer Inspire and AccuTrade.
CHICAGO, July 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 second quarter ended June 30, 2024, on Thursday, August 8, 2024. The Company will host a conference call with a live webcast at 8:00 a.m. CT/9:00 a.m. ET on the same day to discuss the results. The conference call will be hosted by Chief Executive Officer, Alex Vetter and Chief Financial Officer, Sonia Jain. Those interested
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10-Q - Cars.com Inc. (0001683606) (Filer)
8-K - Cars.com Inc. (0001683606) (Filer)
10-Q - Cars.com Inc. (0001683606) (Filer)
8-K - Cars.com Inc. (0001683606) (Filer)
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10-Q - Cars.com Inc. (0001683606) (Filer)
8-K - Cars.com Inc. (0001683606) (Filer)
ARS - Cars.com Inc. (0001683606) (Filer)
JP Morgan downgraded Cars.com from Overweight to Neutral and set a new price target of $19.00 from $25.00 previously
UBS initiated coverage of Cars.com with a rating of Neutral and set a new price target of $20.00
B. Riley Securities initiated coverage of Cars.com with a rating of Buy and set a new price target of $26.00
B. Riley Securities initiated coverage of Cars.com with a rating of Buy and set a new price target of $28.00
JP Morgan initiated coverage of Cars.com with a rating of Overweight and set a new price target of $23.00
BTIG Research reiterated coverage of Cars.com with a rating of Buy and set a new price target of $16.00 from $19.00 previously
Northcoast initiated coverage of Cars.com with a rating of Neutral
DA Davidson reiterated coverage of Cars.com with a rating of Buy and set a new price target of $20.00 from $19.00 previously
Truist Securities initiated coverage of Cars.com with a rating of Buy and set a new price target of $18.00
DA Davidson reiterated coverage of Cars.com with a rating of Buy and set a new price target of $18.00 from $16.00 previously
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4 - Cars.com Inc. (0001683606) (Issuer)
4 - Cars.com Inc. (0001683606) (Issuer)
4 - Cars.com Inc. (0001683606) (Issuer)
4 - Cars.com Inc. (0001683606) (Issuer)
Revenue Grew 3% Year-over-Year, with OEM and National Revenue Achieving 17% Year-over-Year GrowthPlatform Growth Driven by AccuTrade, D2C Media, and VIN Performance Media ProductsGenerated $123MM of Year-To-Date Net Cash Provided by Operating Activities, up 34% Year-over-YearRepurchased 1.2 Million Shares, Representing 45% of Quarterly Free Cash Flow CHICAGO, Nov. 7, 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 third quarter ended September 30, 2024.
CHICAGO, Oct. 24, 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 third quarter ended September 30, 2024, on Thursday, November 7, 2024. The Company will host a conference call with a live webcast at 8:00 a.m. CT/9:00 a.m. ET on the same day to discuss the results. The conference call will be hosted by Chief Executive Officer, Alex Vetter and Chief Financial Officer, Sonia Jain. Those inte
Revenue Grew 6% Year-over-Year and OEM and National Revenue Achieved Record 28% Year-Over-Year Growth Dealer Base Grew to 19,390 Customers While Sustaining Robust Average Revenue Per Dealer Generated $69MM of Year-To-Date Cash Flows From Operating Activities Targets Returning 50% of Second Half 2024 Free Cash Flow to Shareholders Through Share Repurchases Reaffirms Full Year Adjusted EBITDA Outlook and Updates Revenue Outlook CHICAGO, Aug. 8, 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 second quarter ended June 30, 2024.
CHICAGO, July 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 second quarter ended June 30, 2024, on Thursday, August 8, 2024. The Company will host a conference call with a live webcast at 8:00 a.m. CT/9:00 a.m. ET on the same day to discuss the results. The conference call will be hosted by Chief Executive Officer, Alex Vetter and Chief Financial Officer, Sonia Jain. Those interested
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. Q1 2024 Financial Highlights Revenue of $180.2 mi
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. CT/9:00 a.m. ET on the same day to discuss the results. The conference call will be hosted by Chief Executive Officer, Alex Vetter and Chief Financial Officer, Sonia Jain. Those interested a
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. Q4 2023 Financial and Key Metric Highlights Revenue of $179.6 million, u
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. CT/9:00 a.m. ET on the same day to discuss the results. The conference call will be hosted by Chief Executive Officer, Alex Vetter and Chief Financial Officer, Sonia Jain. Those int
Delivered Second Quarter Guidance Achieved 6% ARPD and 5% Traffic Year-Over-Year Growth Generated $56 Million of Year-To-Date Cash Flow From Operations CHICAGO, Aug. 3, 2023 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) ("CARS" or the "Company"), the leading digital automotive platform that provides a robust set of digital solutions, today released its financial results for the second quarter ended June 30, 2023. Q2 2023 Financial and Key Metric Highlights Revenue of $168.2 million, up $5.3 million, or 3% year-over-yearNet income of $94.1 million, or $1.37 per diluted share, comp
CHICAGO, July 20, 2023 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, today announced that it expects to report its financial results for the second quarter ended June 30, 2023, on Thursday, August 3, 2023. The Company will host a conference call with a live webcast at 8:00 a.m. CT/9:00 a.m. ET on the same day to discuss the results. The conference call will be hosted by Chief Executive Officer, Alex Vetter and Chief Financial Officer, Sonia Jain.
Convoy, the nation's leading digital freight network, today announced that Sonia Jain has been appointed Chief Financial Officer, effective April 25, 2022. Jain will assume the role from Convoy's President & Chief Operating Officer, Mark Okerstrom, who has served as acting CFO since December 2020. In this role, Jain will leverage her 15+ years of experience in finance leadership and strategy roles to oversee Convoy's finance function. Jain will report directly to Mark Okerstrom. Jain joins Convoy from Cars.com (NYSE:CARS), where she has been Chief Financial Officer since 2020. Sonia has extensive expertise in accounting, finance & analytics, treasury, investor relations and strategic plann
CHICAGO, March 10, 2022 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) ("CARS" or the "Company"), the leading automotive marketplace platform that provides a robust set of digital solutions, today announced the retirement of Chief Legal Officer (CLO) James F. "Jim" Rogers, effective April 29, 2022. Jim has served as CLO since October 2016. "On behalf of the CARS team, I want to extend my deepest thanks to Jim for his many contributions to the Company over the past five years," said Alex Vetter, Chief Executive Officer of CARS. "During his years of service, Jim built a strong Legal
Online marketplace veteran partners with Clicbrics founders to expand reach across India Clicbrics, India's most advanced digital residential real estate platform, today announced that it has appointed Mr. Scott Forbes, Chairman of Ascential plc. and Cars.com, senior independent director of Auction Technology Group and former Chairman of Rightmove, to the company's Board of Directors. Mr. Forbes has significant board and leadership experience across online marketplaces and digital commerce as well as the property, travel, hospitality, auction and media sectors. His extensive experience includes developing and co-developing business strategy, undertaking strategic transformation and growin
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