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 |
Delivered Q1 Revenue of $179 Million, Driven by OEM and National Revenue Growth of 6% YoYReached 19,250 Dealer Customers, Reflecting Strong Solutions AdoptionAchieved New Quarterly Record of 29 Million Average Monthly Unique VisitorsRepurchased 1.6 Million Shares CHICAGO, May 8, 2025 /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, 2025. "We were encouraged to see growing momentum across ou
CHICAGO, April 24, 2025 /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, 2025, on Thursday, May 8, 2025. 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
Record Full Year Revenue of $719 Million, up 4% Year-Over-Year AccuTrade Connected Expands to ~1,000 Subscribers Generated $153MM of Annual Net Cash Provided by Operating Activities, up 12% Year-Over-Year Announces $250 Million Share Repurchase Authorization CHICAGO, Feb. 27, 2025 /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, 2024. "Our fourth quarter was highlighted by stron
CHICAGO, Feb. 13, 2025 /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 fourth quarter and full year ended December 31, 2024, on Thursday, February 27, 2025. 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 J
CHICAGO, Jan. 24, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce" or the "Company"), an audience-driven technology company empowering automotive, today announced the acquisition of (DealerClub), a reputation-based automotive digital wholesale auction. The Company paid approximately $25 million in cash at closing. There is the potential for an additional performance-based consideration of up to $88 million based on achievement of certain financial thresholds. The transaction closed on January 23, 2025. Transaction Highlights: Advances the Company's Trade &
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
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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
Accomplished commercial leader brings proven track record of accelerating organic revenue growth and transforming go-to-market strategies across SaaS, adtech and data CHICAGO, Feb. 27, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce"), an audience-driven technology company empowering automotive, announced today the appointment of Lisa Gosselin as its Chief Commercial Officer, succeeding Doug Miller. Gosselin brings more than 25 years of commercial leadership experience within SaaS, adtech and data across key verticals including retail and automotive. The move helps accelerate the Company's platform and growth strategy.
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
CHICAGO, May 8, 2025 /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 Alex Vetter, Chief Executive Officer of Cars Commerce and Sonia Jain, Chief Financial Officer of Cars Commerce will participate at the following investor conference: J.P. Morgan 53rd Annual Global Technology, Media and Communications ConferenceDate: May 13, 2025Presentation Time: 3:30 p.m. CT / 4:30 p.m. ET The presentation will be available as a live webcast accessible on the
Delivered Q1 Revenue of $179 Million, Driven by OEM and National Revenue Growth of 6% YoYReached 19,250 Dealer Customers, Reflecting Strong Solutions AdoptionAchieved New Quarterly Record of 29 Million Average Monthly Unique VisitorsRepurchased 1.6 Million Shares CHICAGO, May 8, 2025 /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, 2025. "We were encouraged to see growing momentum across ou
CHICAGO, April 24, 2025 /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, 2025, on Thursday, May 8, 2025. 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
Despite soft start, March auto sales soar to sixth-highest in 50 years1 as looming tariffs fuel early demand CHICAGO, April 17, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce Inc."), an audience-driven technology company empowering the automotive industry, reveals notable changes to the automotive industry in its Industry Insights Q1 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. The auto industr
Nissan and Ford Offer Consumers the Most Vehicles in 'Best Value' Category CHICAGO, April 1, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce Inc."), an audience-driven technology company powering automotive, today unveiled its 2025 Affordability Report: Best Value New Cars, offering a timely guide to help car shoppers get the most for their money in an ever-changing market. The current administration's pending 25% tariffs on all vehicles assembled outside the U.S. — alongside increases on automotive materials and parts from Mexico, Canada and China — could
Largest Dealership Review Platform Reveals Best Dealers Across North America; Subaru, Acura and Volvo Stand Out as Highest-Rated Brands CHICAGO, March 11, 2025 /PRNewswire/ -- Car-shopping marketplace and dealer reputation site Cars.com® (NYSE:CARS) today announced the winners of its Dealer of the Year Awards, presented annually to the top automotive dealers across North America. Auto dealers were honored as Cars.com Dealer of the Year recipients based on more than 1.3 million online consumer reviews submitted in 2024. Winners were chosen according to key drivers of repeat and referral business, including average star rating, total number of reviews and dealer response to those reviews.
Record Full Year Revenue of $719 Million, up 4% Year-Over-Year AccuTrade Connected Expands to ~1,000 Subscribers Generated $153MM of Annual Net Cash Provided by Operating Activities, up 12% Year-Over-Year Announces $250 Million Share Repurchase Authorization CHICAGO, Feb. 27, 2025 /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, 2024. "Our fourth quarter was highlighted by stron
Accomplished commercial leader brings proven track record of accelerating organic revenue growth and transforming go-to-market strategies across SaaS, adtech and data CHICAGO, Feb. 27, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce"), an audience-driven technology company empowering automotive, announced today the appointment of Lisa Gosselin as its Chief Commercial Officer, succeeding Doug Miller. Gosselin brings more than 25 years of commercial leadership experience within SaaS, adtech and data across key verticals including retail and automotive. The move helps accelerate the Company's platform and growth strategy.
CHICAGO, Feb. 13, 2025 /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 fourth quarter and full year ended December 31, 2024, on Thursday, February 27, 2025. 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 J
This year's awards showcase exceptional vehicles across six categories, including the rugged Toyota Land Cruiser, innovative Kia EV9, luxurious Genesis Electrified GV70, versatile Hyundai Palisade and reimagined Ram 1500 CHICAGO, Feb. 6, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce Inc."), an audience-driven technology company powering automotive, today announced the winners of its annual Best Of Awards, which honor top-rated vehicles in six categories: Best Family Car, Best Luxury Car, Best SUV, Best Electric Vehicle, Best Pickup Truck and the highest recognition: Best Car of the Year. From an evaluation pool of more than 40 all-new and redesigned vehicles, this year