Cars.com Inc. (CARS)

NYSE: CARS · IEX Real-Time Price · USD
18.47
0.00 (0.00%)
At close: May 17, 2024, 4:00 PM
18.25
-0.22 (-1.19%)
After-hours: May 17, 2024, 7:43 PM EDT
0.00%
Market Cap 1.22B
Revenue (ttm) 702.29M
Net Income (ttm) 107.75M
Shares Out 66.12M
EPS (ttm) 1.58
PE Ratio 11.69
Forward PE 33.08
Dividend n/a
Ex-Dividend Date n/a
Volume 212,505
Open 18.53
Previous Close 18.47
Day's Range 18.23 - 18.63
52-Week Range 14.82 - 22.84
Beta 2.05
Analysts Buy
Price Target 24.00 (+29.94%)
Earnings Date May 9, 2024

About CARS

Cars.com Inc., an audience-driven technology company, that provides solutions for the automotive industry in the United States. Its Cars Commerce platform connects car shoppers with sellers. The company, enable dealers and automotive manufacturers; connect sellers with ready-to-buy shoppers that provide financing tools with instant online loan screening and approvals; and empower shoppers with the resources and digital tools needed to make car buying decisions. It also offers marketplace products, such as marketplace subscription advertising pa... [Read more]

IPO Date May 18, 2017
Employees 1,700
Stock Exchange NYSE
Ticker Symbol CARS
Full Company Profile

Financial Performance

In 2023, Cars.com's revenue was $689.18 million, an increase of 5.40% compared to the previous year's $653.88 million. Earnings were $118.44 million, an increase of 588.38%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for CARS stock is "Buy." The 12-month stock price forecast is $24.0, which is an increase of 29.94% from the latest price.

Price Target
$24.0
(29.94% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Cars Commerce April Industry Insights Report Reveals New-Car Inventory Up 35% YoY but Remains a Million Units Below 2019 Levels With Prices Up 30% in the Same Time Frame

Used-Car Market Moderates; Demand Drops 8%, Prices Decline 6% CHICAGO , May 16, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc ."), an audience-driven technology company em...

2 days ago - PRNewsWire

Cars.com (CARS) CEO on Shifts in E.V. Demand Among Carbuyers

Cars.com (CARS) CEO Alex Vetter joins Oliver Renick to discuss Cars.com and its 1Q earnings. He talks about how 1Q dealer websites rose 22% year-over-year.

8 days ago - Schwab Network

Cars.com Reports First Quarter 2024 Results

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...

9 days ago - PRNewsWire

Cars.com to Announce First Quarter 2024 Financial Results

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 announ...

23 days ago - PRNewsWire

KIA FORTE, SOUL, ALL-ELECTRIC EV6 AWARDED AS CARS.COM "2024 BEST VALUE NEW CARS"

2024 Forte and 2024 Soul received first and second place honors in the Compact Car segment, respectively All-electric 2024 EV6 recognized as top-three pick among leading electric vehicles IRVINE, Cali...

4 weeks ago - PRNewsWire

Market Prices, Consumer Budgets Inch Closer Together, According to Cars.com's 2024 Affordability Report

Despite Inflation and Interest Rate Concerns, Half of Americans Are Planning Major Purchases in 2024 CHICAGO , April 16, 2024 /PRNewswire/ -- In its second annual Affordability Report released today, ...

4 weeks ago - PRNewsWire

Tax Season Turbocharges Car Market: Dealers and Buyers Gear Up for a Surge in Shopping Activity, According to Cars Commerce March Industry Insights Report

Used-Car Bonanza: Supply Climbs, Prices Plummet to 32-Month Low CHICAGO , April 11, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc ."), an audience-driven technology compan...

5 weeks ago - PRNewsWire

Cars.com's Your Garage Gives Car Owners Market Power for Trade-Ins and New Purchases, Showcased in Latest 'Possibilities' Ad

New Cars.com Utility Puts in Data from Over Two Million Vehicle Listings in the Hands of Consumers and Allows Them to Easily Track Their Vehicle's Value Over Time1 Your Garage Launches Alongside Dynam...

6 weeks ago - PRNewsWire

The Reviews Are In: Cars.com 2024 Dealer of the Year Awards Recognize the Best Local Car-Shopping Experiences Across America

Over 1 Million Consumer Reviews Show Responsiveness, Accountability Are Keys to Delivering Excellent Dealership Experience CHICAGO , March 6, 2024 /PRNewswire/ -- Car-shopping marketplace and dealer r...

2 months ago - PRNewsWire

Cars.com (CARS) CEO On Earnings & Auto Industry Trends

Cars.com (CARS) CEO Alex Vetter joins Nicole Petallides to discuss the company's 4Q earnings. He talks about the auto industry trends, as well as the role technology plays in the auto industry.

3 months ago - Schwab Network

Cars.com Reports Fourth Quarter and Full Year 2023 Results

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 F...

3 months ago - PRNewsWire

Cars.com to Announce Fourth Quarter and Full Year 2023 Financial Results

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 exp...

3 months ago - PRNewsWire

Volkswagen's 'An American Love Story' Ad Zooms Ahead With 394% Surge in Traffic on Cars.com During the Big Game

Automotive Advertisers Volkswagen, Kia, Toyota and BMW See an Average Traffic Spike of 235% on Cars.com During Last Night's Big Game CHICAGO , Feb. 12, 2024 /PRNewswire/ -- Automakers that bet big on ...

3 months ago - PRNewsWire

New 2024 Jeep® Wrangler Named Best SUV of 2024 by Cars.com

AUBURN HILLS, Mich., Feb. 7, 2024 /PRNewswire/ -- Jeep® Wrangler, the most iconic and recognized SUV ever, earns prestigious Best SUV of 2024 from Cars.com Award applies to new 2024 Wrangler lineup, i...

3 months ago - PRNewsWire

KIA TELLURIDE NAMED 'BEST FAMILY CAR OF 2024' BY CARS.COM

-  The 2024 Seltos was named a finalist for the overall Best Car of 2024 category -  The 2024 Sorento and Telluride were both nominated for the Best SUV of 2024 IRVINE, Calif. , Feb. 7, 2024 /PRNewswi...

3 months ago - PRNewsWire

Cars.com Reveals 2024 Best Of Awards: Budget-Friendly Chevrolet Trax Takes Top Spot as Best Car of the Year

Cars.com Automotive Experts Call This Year's Feature-Filled Winners "Pin-You-to-Your-Seat Fun," "Massive Marriage Saver" and "A New Bar for What Consumers Should Expect" CHICAGO , Feb. 7, 2024 /PRNews...

3 months ago - PRNewsWire

Cars Commerce Addresses Automotive Retailers' Top Three Pain Points to Help Them Unleash Growth in 2024

CHICAGO , Jan. 30, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc. "), an audience-driven technology company empowering automotive, today shared the top three dealer pain p...

3 months ago - PRNewsWire

FordDirect Selects AccuTrade as its Preferred Vehicle Acquisition and Trade and Appraisal Solution For Its 3000+ U.S. Ford Dealers and Lincoln Retailers to Turn More Cars for More Profit

CHICAGO , Jan. 24, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc. "), an audience-driven technology company empowering automotive, today announced that FordDirect has sele...

4 months ago - PRNewsWire

2024 Automotive Trends: Cars Commerce Explores Driving Forces Transforming Car Buying and Selling

Affordable, Available and American-Made Stand Out as Key Themes Heading Into New Year CHICAGO , Jan. 3, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc. "), an audience-driv...

4 months ago - PRNewsWire

13 Million Reviews Don't Lie: Cars.com Reveals Top Automakers With the Best Reputation

Cars.com Experience Report Emphasizes Crucial Role of Dealership Engagement in Building Auto Brand Reputation CHICAGO , Nov. 30, 2023 /PRNewswire/ --  Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce"...

6 months ago - PRNewsWire

Cars.com to Participate in Three Investor Conferences in November

CHICAGO , Nov. 9, 2023 /PRNewswire/ -- Cars.com Inc. d/b/a Cars Commerce (NYSE: CARS) ("Cars Commerce"), an audience-driven technology company empowering the automotive industry, today announced that ...

6 months ago - PRNewsWire

Cars.com stock rises after online automobile marketplace swings to Q3 profit

Cars.com Inc. CARS, -1.18% stock rose 2.3% in premarket trades Thursday after the online automobile marketplace swung to a third-quarter profit. The company reported third-quarter net income of $4.5 m...

7 months ago - Market Watch

Cars.com Inc. Reports Third Quarter 2023 Results

Launched Cars Commerce, Uniting the Company's B2B Brands Delivered 6% Total Revenue Growth and 9% ARPD Year-Over-Year Growth Acquired D2C Media Inc., Further Expanding the Cars Commerce Platform Into ...

7 months ago - PRNewsWire

Cars.com Inc. Acquires D2C Media Inc., Expanding Cars Commerce Platform into Canada in Accretive Transaction

CHICAGO , Nov. 2, 2023 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce" or the "Company"), an audience-driven technology company empowering the automotive industry, today announced th...

7 months ago - PRNewsWire

Cars.com to Announce Third Quarter 2023 Financial Results

CHICAGO , Oct. 25, 2023 /PRNewswire/ -- Cars.com Inc.  (NYSE: CARS) (d/b/a "Cars Commerce" or "the "Company"), an audience-driven technology company empowering the automotive industry, today announced...

7 months ago - PRNewsWire