Cars.com Inc. (CARS)

NYSE: CARS · Real-Time Price · USD
19.33
+0.86 (4.66%)
Nov 22, 2024, 4:00 PM EST - Market closed
4.66%
Market Cap 1.25B
Revenue (ttm) 718.33M
Net Income (ttm) 39.23M
Shares Out 64.74M
EPS (ttm) 0.59
PE Ratio 32.75
Forward PE 8.07
Dividend n/a
Ex-Dividend Date n/a
Volume 832,765
Open 18.55
Previous Close 18.47
Day's Range 18.52 - 19.36
52-Week Range 15.05 - 21.24
Beta 2.10
Analysts Buy
Price Target 23.00 (+18.99%)
Earnings Date Nov 7, 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 $23.0, which is an increase of 18.99% from the latest price.

Price Target
$23.0
(18.99% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Cars.com Contends With Uneven Dealer Demand (Downgrade)

Cars.com recently reported Q3 2024 results, matching revenue estimates but missing earnings projections. Financial trends show slight revenue growth, improved operating income, and strong free cash fl...

3 days ago - Seeking Alpha

Cars.com Inc. (CARS) Q3 2024 Earnings Call Transcript

Cars.com Inc. (NYSE:CARS) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Catherine Chen - Vice President, Investor Relations Alex Vetter - Chief Executive Officer So...

14 days ago - Seeking Alpha

Cars.com Reports Third Quarter 2024 Results

Revenue Grew 3% Year-over-Year, with OEM and National Revenue Achieving 17% Year-over-Year Growth Platform Growth Driven by AccuTrade, D2C Media, and VIN Performance Media Products Generated $123MM of...

15 days ago - PRNewsWire

2024 KIA EV9 AWARDED "TOP PICK: 3-ROW ELECTRIC SUV" BY CARS.COM

-  EV9 praised for driving performance, value and capability IRVINE, Calif. , Oct. 25, 2024 /PRNewswire/ -- The all-electric 2024 Kia EV9 has been named Cars.com's "Top Pick: 3-Row Electric SUV.

4 weeks ago - PRNewsWire

CARS to Announce Third Quarter 2024 Financial Results

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 annou...

4 weeks ago - PRNewsWire

Surplus Inventory Slightly Drives Down New-Car Prices as Used-Car Market Stabilizes, According to Cars Commerce's September Industry Insights Report

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 ....

4 weeks ago - PRNewsWire

Cars Commerce's Industry Insights Report Shows a Stabilizing Market; Ford, Chevrolet and Honda Drive Balanced New-Car Inventory Levels in August

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.

2 months ago - PRNewsWire

New-Car Market Sees Sharp Decline in Sub-$30,000 Vehicles, According to Cars Commerce Industry Insights Report

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...

3 months ago - PRNewsWire

Family First: Cars.com Survey Finds Over 60% of Parents Purchase a Vehicle Based on Car Seat Needs

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™  ...

3 months ago - PRNewsWire

Cars.com Inc. (CARS) Q2 2024 Earnings Call Transcript

Cars.com Inc. (NYSE:CARS) Q2 2024 Results Conference Call August 8, 2024 9:00 AM ET Company Participants Catherine Chen - Vice President, Investor Relations Alex Vetter - Chief Executive Officer Soni...

3 months ago - Seeking Alpha

Cars.com Reports Second Quarter 2024 Results

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 ...

3 months ago - PRNewsWire

Auto Industry Sees Significant Shifts in First Half of 2024; Nearly Unrecognizable From Five Years Ago, According to Cars Commerce Industry Insights Report

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 ....

4 months ago - PRNewsWire

Cars.com to Announce Second Quarter 2024 Financial Results

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 announc...

4 months ago - PRNewsWire

Foreign Automakers Lead the Charge in Cars.com's American-Made Index

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 market...

5 months ago - PRNewsWire

Incumbent Tesla is the Only Domestic Automaker in Cars.com's 2024 American-Made Index Top 10

Over 50% of Vehicles on Index Assembled in Non-UAW-Represented Facilities in Southern U.S. U.S.-Based Auto Production Facilities Are Up 144% Since 2020 CHICAGO , June 18, 2024 /PRNewswire/ -- Car-shop...

5 months ago - PRNewsWire

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...

6 months 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.

7 months ago - Schwab Network

Cars.com Inc. (CARS) Q1 2024 Earnings Call Transcript

Cars.com Inc. (NYSE:CARS) Q1 2024 Earnings Conference Call May 10, 2024 9:00 AM ET Company Participants Catherine Chen - Vice President, Investor Relations Alex Vetter - Chief Executive Officer Sonia...

7 months ago - Seeking Alpha

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...

7 months 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...

7 months 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...

7 months 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, ...

7 months 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...

8 months 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...

8 months 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...

9 months ago - PRNewsWire