Cars.com Inc. (CARS)
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]
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 StatementsAnalyst 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.
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...
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.
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...
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...
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...
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, ...
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...
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...
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...
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.
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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"...
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 ...
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...
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 ...
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...
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...