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.

CHICAGO , Jan. 28, 2022 /PRNewswire/ -- Work-from-anywhere culture, inventory shortages and expanding technology both in the car-buying process and the cars themselves — these are the forces defining the automotive landscape for 2022 according to  Cars.com TM (NYSE: CARS), a leading car-shopping marketplace. Despite a double-digit increase1 in overall prices and a narrowing market value gap between new and used cars, consumers are using what leverage they have to get the car they want, the way they want it.

2022 Auto Trends: Preorders Go Mainstream, Consumer Interest in EVs Doubles and Digital Car Buying Accelerates Amid Ongoing Inventory Shortages

CHICAGO , Dec. 22, 2021 /PRNewswire/ -- The first winter holiday season since the widespread availability of the COVID-19 vaccine still carries the shadow of the virus and its variants, driving 61% of winter travelers to reach for their car keys to get to holiday celebrations, according to  a national survey by  Cars.com TM (NYSE: CARS), a leading car-shopping marketplace. Some 42% of Americans choose to hit the road by car because they don't want to take other forms of public transportation.

Holiday Road Trips on the Rise: 20% of Winter Travelers Canceled Flight to Drive Instead

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Several factors have contributed to market-trouncing gains for Cars.com since the start of November.

Why Cars.com Shares Soared in November

CHICAGO, Dec. 6, 2021 /PRNewswire/ -- Sponsored by leading car-shopping marketplace Cars.com TM (NYSE: CARS) and hosted by Dealer Inspire (DI), a Cars.com Inc. company, " REFUEL " is a FREE one-day, virtual and in-person event featuring world-class speakers that will teach attendees new ways to grow their professional and personal lives in 2022 and inspire them to take action. This year, REFUEL attendees have the option of attending either in person or virtually.

Your Best Self, REFUELED: Cars.com's Free REFUEL Event Will Inspire, Invigorate and Activate Attendees' Mental, Physical and Emotional Well-Being for 2022

On a big down day for the overall markets, the online automotive retailer's shares are soaring.

Here's Why Cars.com Stock Is Bucking the Trend Today

The stock price of Cars.com Inc (NYSE: CARS) increased by over 7% pre-market today. This is why it happened.

Cars.com (CARS) Stock: Why The Price Jumped Today

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.

Why Are Cars.com Shares Trading Higher Today?

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NEW YORK, Nov. 24, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 2: Bruker BioSciences Corp. (NASD:BRKR) will replace KAR Auction Services Inc. (NYSE:KAR) in the S&P MidCap 400, and KAR Auction Services will replace Meredith Corp. (NYSE:MDP) in the S&P SmallCap 600. Meredith is being acquired in a two-step transaction that is expected to be completed on or about December 1.

Bruker BioSciences Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

CHICAGO, Nov. 15, 2021 /PRNewswire/ -- The era of remote work will allow many Americans to spend more time with family this Thanksgiving weekend. With increased flexibility, 65% of remote or hybrid workers will drive over flying to their destinations this holiday and are staying longer than usual,   according to a national survey by  Cars.com TM (NYSE: CARS), a leading car shopping marketplace.

Cars.com Finds 84% of Travelers Will Drive This Thanksgiving Holiday, Steered by Flight Disruptions, Flexible Work Schedules and Lingering COVID-19 Concerns

CHICAGO, Nov. 9, 2021 /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, has closed the acquisition of CreditIQ, announced last week. CreditIQ is a cutting-edge automotive fintech platform that provides instant online loan screening and approvals to facilitate online car buying.

CARS Closes Acquisition of CreditIQ Automotive Fintech Platform, Enabling Instant Financing for Consumers, Dealers And Lenders

Cars.com Inc. (CARS) CEO Alex Vetter on Q3 2021 Results - Earnings Call Transcript

CHICAGO, Nov. 4, 2021 /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 released its financial results for the quarter ended September 30, 2021.

CARS Reports Third Quarter 2021 Results

CHICAGO, Nov. 4, 2021 /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, announces it has signed a definitive agreement to acquire CreditIQ, a cutting edge automotive fintech platform that provides instant online loan screening and approvals to facilitate online car buying. Consideration for the transaction will be $30 million at closing, funded using cash on hand, with the potential for up to an additional $50 million in performance-based cash consideration to be earned over the next three years.

CARS Acquires CreditIQ Automotive Fintech Platform, Enabling Instant Financing For Consumers, Dealers and Lenders

CHICAGO, Oct. 28, 2021 /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 third quarter ended September 30, 2021, on Thursday, November 4, 2021. The Company will host a conference call with a live webcast at 9:00 a.m.

CARS to Announce Third Quarter 2021 Financial Results

CHICAGO, Oct. 25, 2021 /PRNewswire/ -- Leading online car-shopping marketplace  Cars.com  (NYSE: CARS) will help shoppers explore electric vehicle (EV) ownership with Cars.com's Guide for the EV Curious , a free, live virtual event with the company's team of automotive experts on Oct. 28 at noon CDT. Cars.com experts will share information about EV ownership and answer live questions from consumers interested in EVs, which can also be submitted in advance.

Cars.com Hosts Free, Live Virtual Education Session on Electric Vehicles as EV-Curious Population Grows

CHICAGO, Sept. 27, 2021 /PRNewswire/ -- Leading car shopping marketplace Cars.com (NYSE: CARS) today released its 2021 Car Seat Fit Report Card, providing parents and caregivers with essential information on which family vehicles best fit car seats for infants, toddlers and young children.

Making the Grade: Cars.com Releases 2021 Car Seat Fit Report Card, Rating the Best Vehicles on the Market for Car Seat Safety -- Only Four Make the Honor Roll

GURUGRAM, India--(BUSINESS WIRE)--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 m

Clicbrics Appoints Scott Forbes to Board of Directors

CHICAGO, Sept. 2, 2021 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, today announced it would present at the following two virtual conferences in September: Conference: D.A.

CARS to Present at Two Virtual Investor Conferences in September

CHICAGO, Aug. 25, 2021 /PRNewswire/ -- Even with the delta variant increasing COVID-19 cases across the country, Americans remain determined to get out this upcoming Labor Day 2021 weekend. Sixty percent of Americans plan to travel, up 17% compared to last year at this time, according to a national survey from Cars.com TM (NYSE: CARS), a leading digital automotive marketplace and solutions provider.1 Of those who planned to take to the skies, more than 20% canceled their flights and are driving instead due to rising concerns.2 The majority of travelers (62%) state they are concerned about the delta variant while traveling, with nearly 1 in 4 (24%) stating they have changed their destination due to an uptick of COVID-19 cases in a particular area.

Cars.com Finds Delta Variant Impacts Labor Day Travel Destinations and Flight Plans With More Than 1 in 5 Travelers Canceling Flights in Favor of Driving

CHICAGO, Aug. 19, 2021 /PRNewswire/ --  Cars.com  (NYSE: CARS), a leading digital automotive marketplace and solutions provider, finds that 67% of parents in a recent national survey conducted by Cars.com say they will send their kids to in-person school in the fall, compared to just 39% in 2020. For those returning to the classroom, school buses and public transit continue to take a backseat as many parents opt to transport their children to school by car, citing COVID-19 concerns as the primary decision driver.

School Bus Ridership Continues to Lag as 54% of Parents Choose to Drive Kids to School This Year

Cars.com Inc. (CARS) CEO Alex Vetter on Q2 2021 Results - Earnings Call Transcript

CHICAGO, Aug. 5, 2021 /PRNewswire/ --  Cars.com Inc . (NYSE: CARS) ("CARS" or the "Company"), a leading digital marketplace and solutions provider for the automotive industry, announced that Alex Vetter, President and Chief Executive Officer of CARS, will present at the virtual J.P.

CARS to Present at the 2021 J.P. Morgan Auto Conference

CHICAGO, Aug. 5, 2021 /PRNewswire/ --  Cars.com Inc . (NYSE: CARS) ("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, 2021.

CARS Reports Second Quarter 2021 Results

CHICAGO, July 21, 2021 /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 June 30, 2021 on Thursday, August 5, 2021. The Company will host a conference call with a live webcast at 9:00 a.m.

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