Cars.Com Stock Price, News & Analysis

Cars.com (NYSE: CARS) is hosting a free virtual event, Cars.com's Guide for the EV Curious, on Oct. 28 at noon CDT. The event aims to educate consumers about electric vehicle (EV) ownership as interest in EVs surges. With over 100 new EV options expected by 2025, 32% of shoppers are considering their first EV. Although EV searches on Cars.com have nearly doubled, actual sales growth remains slower. Only 37% of local dealerships currently sell EVs, but 63% plan to. The event will address consumer concerns about EV ownership, including range and charging.

Cars.com (NYSE: CARS) has released its 2021 Car Seat Fit Report Card, evaluating 51 vehicles for their suitability for car seats used by infants and children. The evaluation, conducted by certified child-passenger safety technicians, resulted in four vehicles, including the 2021 Nissan Sentra and the 2021 Genesis GV80, earning straight A's. A Cars.com survey revealed 56% of parents have installed car seats incorrectly, highlighting the need for vehicle evaluations that ease the purchasing process.

Clicbrics, India's leading digital residential real estate platform, has appointed Scott Forbes, Chairman of Ascential plc and Cars.com, to its Board of Directors. Forbes brings extensive experience in digital commerce and real estate markets, having previously led strategic transformations at several firms, including Rightmove. His appointment aims to enhance Clicbrics' offerings in India's booming real estate sector, leveraging innovative technologies to streamline home-buying processes. The company, founded in 2017, focuses on transparency and efficiency in property transactions.

Cars.com Inc. (NYSE: CARS) announced its participation in two virtual investor conferences in September 2021. CEO Alex Vetter will present at D.A. Davidson's 20th Annual Software and Internet Conference on September 9 at 9:30 am CT, and at the Citi Virtual Global Technology Conference on September 14 at 7:50 am CT. Live audio webcasts will be available on the Investor Relations section of their website, with replays accessible post-presentation.

On August 25, 2021, Cars.com released findings from a national survey indicating a 17% increase in Americans planning to travel for Labor Day compared to the previous year, despite concerns over the Delta variant of COVID-19. Sixty percent of respondents intend to travel, with many choosing to drive instead of flying due to rising apprehensions, leading to over 20% of travelers canceling flights. The survey also revealed that 62% of travelers are worried about the Delta variant, with significant impacts on travel plans and destinations.

Cars.com (NYSE: CARS) reports that 67% of parents plan to send their children to in-person school this fall, a significant increase from 39% in 2020. COVID-19 concerns have led 54% of parents to drive their kids to school, while only 38% will use school buses. The survey also reveals that 90% of parents are worried about the delta variant, impacting transportation choices. Key features for safe rides include vehicles with captain's seats and hands-free sliding doors. The survey conducted in July 2021 gathered 1,050 responses.

Cars.com Inc (NYSE: CARS) announced that CEO Alex Vetter will present at the virtual J.P. Morgan Auto Conference on August 11, 2021, at approximately 9:30 a.m. ET. A live audio webcast will be accessible on the Company's website, with a replay available afterward. Cars.com is a leading digital marketplace for the automotive industry, connecting car shoppers with sellers since 1998. Its brands include Dealer Inspire, FUEL, and DealerRater, providing innovative solutions to automotive retailers.

Cars.com Inc. (NYSE: CARS) reported Q2 2021 revenue of $155.5 million, a 52% increase year-over-year. Excluding prior-year invoice credits, revenue rose 11%. The company achieved a GAAP net income of $6.0 million or $0.08 per diluted share. Adjusted EBITDA was $48.5 million, representing 31% of revenue. Operating cash flow surged to $79.6 million, up 38%, while free cash flow reached $66.5 million, up 36%. The outlook for Q3 2021 anticipates revenue between $155 million to $157 million.

Cars.com Inc. (NYSE: CARS) announced it will report its financial results for Q2 2021 on August 5, 2021. A conference call to discuss these results will occur at 9:00 a.m. CT the same day, featuring CEO Alex Vetter and CFO Sonia Jain. Cars.com is a digital marketplace for the automotive industry, launched in 1998. The company provides resources to connect car shoppers with sellers, with additional brands like Dealer Inspire and DealerRater under its umbrella.