Cars.com Inc. (CARS)

NYSE: CARS · IEX Real-Time Price · USD
16.86
-0.13 (-0.77%)
Sep 29, 2023, 4:00 PM EDT - Market closed
-0.77%
Market Cap 1.12B
Revenue (ttm) 668.04M
Net Income (ttm) 112.93M
Shares Out 66.47M
EPS (ttm) 1.65
PE Ratio 10.22
Forward PE 35.55
Dividend n/a
Ex-Dividend Date n/a
Volume 212,705
Open 17.18
Previous Close 16.99
Day's Range 16.71 - 17.25
52-Week Range 11.38 - 22.84
Beta 2.02
Analysts Strong Buy
Price Target 23.43 (+38.97%)
Earnings Date Nov 2, 2023

About CARS

Cars.com Inc. operates as a digital marketplace and provides solutions for the automotive industry. Its 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 and digital tools needed to make car buying decisions. It also offers marketplace products, such as Marketplace subscription advertising; digital solutions, including website cr... [Read more]

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

Financial Performance

In 2022, Cars.com's revenue was $653.88 million, an increase of 4.84% compared to the previous year's $623.68 million. Earnings were $17.21 million, an increase of 59.45%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for CARS stock is "Strong Buy." The 12-month stock price forecast is $23.43, which is an increase of 38.97% from the latest price.

Price Target
$23.43
(38.97% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

CARS.COM FINDS AMERICANS PAY A PREMIUM FOR PICKUP TRUCK 'COOL FACTOR'

Truck prices grew 50% faster than average vehicle prices year over year, but for many consumers, the real value is in the perks CHICAGO , Sept. 27, 2023 /PRNewswire/ -- Car-shopping marketplace Cars.c...

4 days ago - PRNewsWire

Small Caps That Have Priced In A Hard Landing For Big Upside

It should not be new information that, when the underlying business cycle turns for the better - or worse - certain groups of stocks tend to anticipate the turn and make their moves, large ones at tha...

Other symbols: SPWRSXIVTWO
6 days ago - MarketBeat

How UAW strike will benefit online auto advertisers like CarGurus and Cars.com

Tom White, senior research analyst at D.A. Davidson, joins 'The Exchange' to discuss how online auto advertisers like cars.com and CarGurus will benefit from the ongoing auto strike, what this strike ...

Other symbols: CARG
12 days ago - CNBC Television

Why Analysts Love These 2 Car Sales Platforms, And Avoid Dealers

Remember when every car dealer on the street had no inventory and lead times extended up to a year for specific brands? The chip shortage causing supply bottlenecks in motor vehicles is taking a back ...

Other symbols: CARG
4 weeks ago - MarketBeat

2 Stocks that Doubled Earnings Estimates and Sold Off

With the second-quarter 2023 earnings season underway, many earnings reaction trends are taking place. Companies that beat earnings estimates and raise guidance usually see their stocks gap and go hig...

Other symbols: IOT
7 weeks ago - MarketBeat

KIA EV6 RECEIVES STRAIGHT A'S ON CARS.COM'S 2023 CAR SEAT FIT REPORT CARD

-  2023 Kia EV6 was one of only seven vehicles to receive perfect scores from the Cars.com's child passenger safety technicians IRVINE, Calif. , Aug. 3, 2023 /PRNewswire/ -- The 2023 Kia EV6 straight ...

2 months ago - PRNewsWire

CARS Reports Second Quarter 2023 Results

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 ...

2 months ago - PRNewsWire

A Third Child Means a New Ride for 40% of Parents; Cars.com's Car Seat Fit Report Card Shares the Best Family-Friendly Vehicles for Growing Families

It's Not Easy: 60% of Parents Have Incorrectly Installed a Car Seat, With Nearly Half Not Noticing for Over a Week CHICAGO , Aug. 1, 2023 /PRNewswire/ -- Car-shopping marketplace  Cars.com™ (NYSE: CAR...

2 months ago - PRNewsWire

CARS to Announce Second Quarter 2023 Financial Results

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 solutio...

2 months ago - PRNewsWire

CARS.COM AMERICAN-MADE INDEX SEES 260% JUMP IN ELECTRIFIED VEHICLES SINCE 2020, TESLA LANDS TOP SPOTS

GM, Ford, Honda and Toyota Claim Most Vehicles on 2023 Index CHICAGO , June 21, 2023 /PRNewswire/ -- Fresh off a rebrand , car-shopping marketplace  Cars.com ™ (NYSE: CARS) today revealed the 100 vehi...

3 months ago - PRNewsWire

Cars.com consistently offers the highest price for used cars, says BTIG's Marvin Fong

Marvin Fong, BTIG analyst, and CNBC Phil LeBeau, join 'The Exchange' to discuss a slowdown in used car sales, used car prices dropping lower, and growing availability for new cars.

4 months ago - CNBC Television

CARS.COM'S NEWEST MODEL: A MODERN BRAND, FRESH AD CAMPAIGN AND ENDLESS 'POSSIBILITIES'

For 25th Anniversary, Brand Upgrade Stakes a Claim on Where Car Buying and Selling Is Going Next CHICAGO , June 1, 2023 /PRNewswire/ -- Car-shopping marketplace Cars.com ™ (NYSE: CARS) is launching a ...

4 months ago - PRNewsWire

CARS to Participate in Two Investor Conferences in May

CHICAGO , May 11, 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 announced th...

5 months ago - PRNewsWire

CARS Reports First Quarter 2023 Results

Continued Growth in Revenue and ARPD Achieved First Quarter Guidance and Reaffirms Full-Year 2023 Guidance Repaid Revolving Loan CHICAGO , May 4, 2023 /PRNewswire/ --  Cars.com Inc. (NYSE: CARS) ("CAR...

5 months ago - PRNewsWire

CARS to Announce First Quarter 2023 Financial Results

CHICAGO , April 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 solutio...

5 months ago - PRNewsWire

CARS.COM RELEASES ITS 2023 TOP PICKS FOR ELECTRIC VEHICLES

Searches for EVs on Cars.com Have Grown 84% Since 2022; As EV Interest Accelerates, Cars.com's 2023 EV Buying Guide and Top Picks Help Consumers Transition from EV Curious to EV Owner CHICAGO , March ...

6 months ago - PRNewsWire

FROM AFFORDABILITY TO CAPABILITY, CARS.COM'S 2023 EV BUYING GUIDE NAVIGATES SHOPPERS THROUGH THE EVER EV-OLVING ELECTRIC VEHICLE FRONTIER

More Car-Shopping Americans Are Considering Making the Move to Electrics as Searches for New and Used EVs on Cars.com Have Increased 84%, With Middle America Jumping on the EV Bandwagon CHICAGO , Marc...

6 months ago - PRNewsWire

DealerRater Celebrates 2023 Dealer of the Year Award Winners: More Than 1 Million Car Buyers Last Year Rated Dealerships on the Best Customer Experience

"Responsiveness" and "Accountability" Give Award-Winning Dealers a Boost to the Top of This Year's List WALTHAM, Mass. , March 9, 2023 /PRNewswire/ --  DealerRater , a leading reputation management an...

7 months ago - PRNewsWire

CARS Reports Fourth Quarter and Full Year 2022 Results

Exceeded Fourth Quarter Revenue Guidance Realized Meaningful Revenue Growth and ARPD from Dealer Solutions Generated $129MM of Operating Cash Flow, Driving Financial Flexibility CHICAGO , Feb. 23, 202...

7 months ago - PRNewsWire

AUTOMAKERS GET A 'BIG GAME BOOST' ON CARS.COM FOLLOWING PRIMETIME ADS, GAINING A COLLECTIVE 81% SPIKE IN TRAFFIC TO THEIR INVENTORY

Kia Is the MVP of the Night as Traffic Spiked 230% to Its Branded Pages on Cars.com 75% of Big Game's Car Ads Featured EVs, Leading to a 21% Increase Overall in EV Page Views on Cars.com CHICAGO , Feb...

8 months ago - PRNewsWire

CARS to Announce Fourth Quarter and Full Year 2022 Financial Results

CHICAGO, Feb. 9, 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,...

8 months ago - PRNewsWire

KIA CLINCHES TOP SPOT IN CARS.COM'S 2023 'BEST OF' AWARDS

Second-Gen Kia Niro Hits the Sweet Spot of Style, Value and Performance; List Boasts First-Ever 'Best SUV' Category CHICAGO , Feb. 7, 2023 /PRNewswire/ -- Car-shopping marketplace  Cars.com ™ (NYSE: C...

8 months ago - PRNewsWire

FIVE KIA MODELS NAMED TO CARS.COM 2023 BEST VALUE NEW CARS REPORT

Rio S (with Technology Package) Received Top Honors in the New Car Segment IRVINE, Calif. , Jan. 25, 2023 /PRNewswire/ -- Five select Kia models have been named to Cars.com's 2023 Best Value New Cars ...

8 months ago - PRNewsWire

NEW DATA-DRIVEN, PERSONALIZED INSIGHTS REPORTS FROM CARS AVAILABLE AT THE 2023 NADA SHOW THIS WEEK, EMPOWER DEALERS WITH A COMPETITIVE EDGE

Using Platform-Connected Data, CARS Offers Dealers a Free Preview of How to Maximize Their Trade-in Process, Brand Reputation and Targeted Marketing Efforts CHICAGO , Jan. 24, 2023 /PRNewswire/ -- Wit...

8 months ago - PRNewsWire

CARS.COM'S FIRST-EVER AFFORDABILITY REPORT PROVIDES GUIDANCE FOR VALUE-CONSCIOUS BUYERS

Kia, Chevy and Ford Offer Most Affordable New Cars for 2023; Chevy Leads for Trade-In Value 1 in 4 Shoppers Expect to Spend Less Than $20,000 on a New Car; the Median Price of New Cars Is More Than Do...

8 months ago - PRNewsWire