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 |
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
Nearly 60% of In-Market Car Shoppers are Willing to Pay More for a Vehicle if it Creates More U.S. Jobs CHICAGO, June 28, 2024 /PRNewswire/ -- Ahead of the Fourth of July holiday, car-shopping marketplace Cars.com® (NYSE:CARS) has revealed its 19th annual American-Made Index. Cars.com® experts independently evaluated more than 400 vehicles to generate this year's list of 100 vehicles contributing most to the U.S. economy in manufacturing, parts sourcing and employment. Tesla's Model Y continues its reign as the most American vehicle for the third consecutive year, followed by the Alabama-built Honda Passport taking the No. 2 spot and Tennessee-built Volkswagen ID.4 at No.3.
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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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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
The Nasdaq 100 closed lower by over 1% on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Lyft The Trade: Lyft, Inc. (NASDAQ:LYFT) Chief Accounting Officer Lisa Blackwood-Kapral sold a total of 9,083 shares at an average pr
Barrington Research analyst Gary Prestopino maintains Cars.com (NYSE:CARS) with a Outperform and maintains $25 price target.
Cars.com (NYSE:CARS) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.09 by 377.78 percent. The company reported quarterly sales of $180.18 million which beat the analyst consensus estimate of $179.45 million by 0.41 percent. This is a 7.85 percent increase over sales of $167.07 million the same period last year.
Trading in U.S. index futures suggests stocks may be off to a lackluster start again on Thursday. Much of the negativity in the recent session was triggered by the lack of clarity on the Federal Reserve’s rate trajectory. The spotlight is likely to be on another slew of earnings reports and a Fed speech scheduled for the day. While bullish analysts would like to focus on the resilience shown by the market amid the uncertainty, others warn of a challenging outlook following the breakdown of the broader uptrend in early April. FuturesPerformance (+/-)Nasdaq 100-0.21%S&P 500-0.16%Dow-0.16%R2K-0.54%In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) moved down 0.12% to $51
Barrington Research analyst Gary Prestopino reiterates Cars.com (NYSE:CARS) with a Outperform and maintains $25 price target.
Earnings reports and a dovish stance from the Federal Reserve lifted stocks last week. Major indices reacted positively, particularly to earnings from high-profile companies that hold significant weight in the indexes. Tech Giants Lead Charge: Apple, Inc. (NASDAQ:AAPL) and Amazon, Inc. (NASDAQ:AMZN) were top performers. Apple impressed investors with a record $110 billion stock buyback plan and better-than-expected guidance for the June quarter. According to FactSet, a financial data analytics firm, 80% of S&P 500 companies have reported earnings so far. These reports have shown a higher-than-average percentage of companies exceeding earnings expectations and by a larger margin than us
Barrington Research analyst Gary Prestopino reiterates Cars.com (NYSE:CARS) with a Outperform and maintains $25 price target.
Barrington Research analyst Gary Prestopino reiterates Cars.com (NYSE:CARS) with a Outperform and maintains $25 price target.