Why Are Cars.com Shares Trading Higher Today?

11/26/21 7:40:37 AM ET

$CARS

$DSPG

$SYNA

EDP Services

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Cars.com Inc (NYSE:CARS) will replace DSP Group Inc (NASDAQ:DSPG) in the S&P SmallCap 600 before the opening of trading on December 2.
S&P MidCap 400 constituent Synaptics Inc (NASDAQ:SYNA) is acquiring DSP Group in a deal likely to be completed by December 2.
Cars.com is an online destination for buying and selling new and used vehicles.
Recently, Cars.com reported third-quarter FY21 revenue of $156.55 million, up 8% year-on-year, above the consensus of $156.28 million. EPS was $0.03 versus $(0.18) last year.
Cars.com sees Q4 revenue of $157.5 million - $159.5 million versus the consensus of $159.15 million.
Price Action: CARS shares traded higher by 7.44% at $14.30 in the premarket session on the last check Friday.

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Recent Analyst Ratings for
$CARS
$DSPG
$SYNA

Company	Date	Price Target	Rating	Analyst
Synaptics Incorporated $SYNA	11/8/2024	$90.00 → $100.00	Buy	TD Cowen
Synaptics Incorporated $SYNA	10/8/2024		Overweight → Sector Weight	KeyBanc Capital Markets
Synaptics Incorporated $SYNA	8/9/2024	$115.00 → $90.00	Buy	TD Cowen
Cars.com Inc. $CARS	8/9/2024	$25.00 → $19.00	Overweight → Neutral	JP Morgan
Synaptics Incorporated $SYNA	5/10/2024	$135.00 → $115.00	Buy	TD Cowen
Synaptics Incorporated $SYNA	2/9/2024	$105.00	Buy → Hold	Craig Hallum
Synaptics Incorporated $SYNA	2/9/2024	$115.00 → $135.00	Outperform	TD Cowen
Synaptics Incorporated $SYNA	12/8/2023	$130.00	Overweight	JP Morgan

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Press Releases

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Synaptics Incorporated Prices $400.0 Million Convertible Senior Notes Offering
SAN JOSE, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced the pricing of its offering of $400.0 million aggregate principal amount of 0.75% convertible senior notes due 2031 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The issuance and sale of the notes are scheduled to settle on November 19, 2024, subject to customary closing conditions. Synaptics also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the n
11/14/24 11:46:36 PM ET
$SYNA
Semiconductors
Technology
Synaptics Incorporated Announces Proposed Convertible Senior Notes Offering
SAN JOSE, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced its intention to offer, subject to market and other conditions, $400.0 million aggregate principal amount of convertible senior notes due 2031 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Synaptics also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $50.0 million aggregate principal amount of
11/13/24 4:01:00 PM ET
$SYNA
Semiconductors
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Synaptics Reports First Quarter Fiscal 2025 Results
Q1'25 Financial Results and Recent Business Highlights Revenue of $257.7 millionGAAP gross margin of 46.9 percentNon-GAAP gross margin of 53.9 percentGAAP loss per share of $0.58Non-GAAP diluted earnings per share of $0.81 SAN JOSE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ:SYNA), today reported financial results for its first quarter of fiscal 2025 ended September 28, 2024. Net revenue for the first quarter of fiscal 2025 was $257.7 million. GAAP net loss for the first quarter of fiscal 2025 was $23.1 million, or a loss of $0.58 per basic share. Non-GAAP net income for the first quarter of fiscal 2025 was $32.5 million, or $0.81 per dilu
11/7/24 4:05:00 PM ET
$SYNA
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$CARS
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Financials

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Synaptics Reports First Quarter Fiscal 2025 Results
Q1'25 Financial Results and Recent Business Highlights Revenue of $257.7 millionGAAP gross margin of 46.9 percentNon-GAAP gross margin of 53.9 percentGAAP loss per share of $0.58Non-GAAP diluted earnings per share of $0.81 SAN JOSE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ:SYNA), today reported financial results for its first quarter of fiscal 2025 ended September 28, 2024. Net revenue for the first quarter of fiscal 2025 was $257.7 million. GAAP net loss for the first quarter of fiscal 2025 was $23.1 million, or a loss of $0.58 per basic share. Non-GAAP net income for the first quarter of fiscal 2025 was $32.5 million, or $0.81 per dilu
11/7/24 4:05:00 PM ET
$SYNA
Semiconductors
Technology
Cars.com Reports Third Quarter 2024 Results
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.
11/7/24 7:30:00 AM ET
$CARS
EDP Services
Technology
CARS to Announce Third Quarter 2024 Financial Results
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
10/24/24 7:30:00 AM ET
$CARS
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Leadership Updates

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Synaptics Appoints Ken Rizvi as Chief Financial Officer
SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced Ken Rizvi will join the company as Senior Vice President and Chief Financial Officer, effective July 15, 2024. Ken will report to Synaptics President and CEO Michael Hurlston and serve on the company's leadership team. He will be responsible for all the aspects of the company's global finance function including accounting, corporate development and investor relations. "I am pleased to have Ken join Synaptics at this stage in our journey as we continue to drive towards becoming a leading provider of IoT connectivity and processor solutions. Ken is a seasoned finance leader with vast and
5/14/24 4:15:00 PM ET
$SYNA
Semiconductors
Technology
Synaptics Strengthens Leadership Team with the Addition of Lisa Bodensteiner as Senior Vice President, Chief Legal Officer, and Secretary
SAN JOSE, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced the appointment of Lisa Bodensteiner as Senior Vice President, Chief Legal Officer and Secretary, strengthening its leadership team. Ms. Bodensteiner joined in November to guide Synaptics' legal strategy, ensure regulatory compliance, and oversee corporate governance. "Lisa's track record and incredibly diverse experience as a legal executive for high-growth companies makes her an invaluable sounding board for me and the rest of the executive team," said Michael Hurlston, President and CEO of Synaptics. "I intend to work with her as a true business partner as we accelerate our pu
3/7/24 4:04:00 AM ET
$SYNA
Semiconductors
Technology
Murchinson Issues Letter to Fellow Shareholders Regarding the Urgent Need for Boardroom Change at Nano Dimension
Believes the Stern-Controlled Board's Decision to Challenge Our Special Meeting Demand – Without Any Valid Justification – Reinforces the Need for Objective and Independent Perspectives in the Boardroom Contends the Company is Making Misleading Claims About Murchinson to Distract from Mr. Stern Having Presided Over a More Than 77% Share Price Decline Since Becoming Chairman Puts Forward Proposals to Remove Four Incumbents and Appoint Two Highly Qualified, Independent Director Candidates with Sorely Needed Capital Allocation Acumen and Corporate Governance Expertise Sees a Clear Opportunity to Optimize Nano Dimension's Overcapitalized Balance Sheet, Explore Strategic Options to Maximize V
2/2/23 5:25:00 PM ET
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Why Are Cars.com Shares Trading Higher Today?

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Recent Analyst Ratings for $CARS$DSPG$SYNA

$CARS$DSPG$SYNA Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Synaptics Incorporated

Amendment: SEC Form SC 13G/A filed by Cars.com Inc.

SEC Form SC 13G filed by Synaptics Incorporated

$CARS$DSPG$SYNA Analyst Ratings

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TD Cowen reiterated coverage on Synaptics with a new price target

Synaptics downgraded by KeyBanc Capital Markets

TD Cowen reiterated coverage on Synaptics with a new price target

$CARS$DSPG$SYNA Press Releases

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Synaptics Incorporated Prices $400.0 Million Convertible Senior Notes Offering

Synaptics Incorporated Announces Proposed Convertible Senior Notes Offering

Synaptics Reports First Quarter Fiscal 2025 Results

$CARS$DSPG$SYNA SEC Filings

Synaptics Incorporated filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

Synaptics Incorporated filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Unregistered Sales of Equity Securities, Other Events, Financial Statements and Exhibits

Synaptics Incorporated filed SEC Form 8-K: Other Events

$CARS$DSPG$SYNA Financials

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Synaptics Reports First Quarter Fiscal 2025 Results

Cars.com Reports Third Quarter 2024 Results

CARS to Announce Third Quarter 2024 Financial Results

$CARS$DSPG$SYNA Market Insights

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$CARS$DSPG$SYNA Insider Purchases

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Kelly Michael Joseph bought $24,949 worth of shares (2,510 units at $9.94), increasing direct ownership by 19% to 15,685 units (SEC Form 4) (Amendment)

$CARS$DSPG$SYNA Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Officer Ganesan Satish was granted 67 shares and covered exercise/tax liability with 962 shares, decreasing direct ownership by 2% to 40,715 units (SEC Form 4)

Officer Gupta Vikram covered exercise/tax liability with 1,312 shares and was granted 96 shares, decreasing direct ownership by 3% to 42,029 units (SEC Form 4)

Officer Song Esther was granted 13 shares and covered exercise/tax liability with 165 shares, decreasing direct ownership by 1% to 14,257 units (SEC Form 4)

$CARS$DSPG$SYNA Leadership Updates

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Synaptics Appoints Ken Rizvi as Chief Financial Officer

Synaptics Strengthens Leadership Team with the Addition of Lisa Bodensteiner as Senior Vice President, Chief Legal Officer, and Secretary

Murchinson Issues Letter to Fellow Shareholders Regarding the Urgent Need for Boardroom Change at Nano Dimension

Recent Analyst Ratings for
$CARS
$DSPG
$SYNA

$CARS
$DSPG
$SYNA
Large Ownership Changes

$CARS
$DSPG
$SYNA
Analyst Ratings

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$DSPG
$SYNA
Press Releases

$CARS
$DSPG
$SYNA
SEC Filings

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$DSPG
$SYNA
Financials

$CARS
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$SYNA
Market Insights

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$DSPG
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Insider Purchases

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Insider Trading

$CARS
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Leadership Updates