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Cars.Com Stock Price, News & Analysis

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Welcome to our dedicated page for Cars.Com news (Ticker: CARS), a resource for investors and traders seeking the latest updates and insights on Cars.Com stock.

Cars.com Inc. (NYSE: CARS) is a leading automotive technology platform connecting car shoppers with dealers through innovative digital solutions. This news hub provides investors and industry professionals with centralized access to official company announcements, financial updates, and strategic developments.

Our curated collection features timely press releases covering quarterly earnings, dealer partnership expansions, technology innovations, and market insights. Users gain direct access to primary source materials that inform investment decisions and track the company's progress in transforming automotive commerce.

The repository includes updates on Cars.com's integrated brands like Dealer Inspire and AccuTrade, along with initiatives in AI-driven marketing tools and data analytics. Each entry is verified for accuracy, offering a reliable resource for understanding the company's operational milestones and industry impact.

Bookmark this page to stay informed about Cars.com's evolving role in digital automotive solutions. Check back regularly for new developments affecting dealer services, consumer experiences, and the broader online vehicle marketplace.

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Cars.com (NYSE: CARS) announced significant end-of-year car deals with discounts reaching up to 19% off select new vehicles, driven by increased consumer interest in car ownership amid the COVID-19 pandemic. A recent survey shows that 85% of shoppers plan to purchase a car in the next six months, with 51% intending to buy within one month. To assist buyers, Cars.com emphasizes affordability, noting that 72% of shoppers seek vehicles under $20,000. Popular models include the 2020 Ford F-150 with discounts up to $12,000.

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Cars.com (CARS) reports that 46% of Americans plan to travel for the December holidays, with 66% preferring personal vehicles over other modes due to COVID-19 safety concerns. The survey shows a decrease in New Year's travel plans, dropping to 33% from 41%. Major cities like New York and Los Angeles are seeing increased travel, contrasting with Thanksgiving when 44% avoided large cities. December's travel plans are more affected by the pandemic, with 66% of respondents indicating changes compared to 54% during Thanksgiving.

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Cars.com, a top digital automotive marketplace, reports a surge in car buying interest as Black Friday approaches, with 83% of shoppers intending to purchase a vehicle in the next six months. Notably, 35% plan to buy during the Black Friday to Cyber Monday window. The study highlights a shift towards new car purchases, with searches for new vehicles rising to 22% in October, up from 19% in August. The pandemic has also prompted 18% of buyers to enter the market, with many utilizing digital services for vehicle purchases.

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Dealer Inspire, a Cars.com company, announced a partnership with FordDirect, marking its 30th OEM program. This collaboration allows US-based Ford dealerships to utilize DI's comprehensive digital marketing solutions. CEO Joe Chura emphasized the need for dealers to have innovative advertising technologies to optimize operations and capture market share. DI offers a suite of services, including a proprietary AdTech platform, creative managed services, and an advanced reporting platform called PRIZM™. This initiative aims to drive traffic and qualified leads to dealerships through data-driven efforts.

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The latest Cars.com survey shows that 47% of Americans plan to travel for Thanksgiving, down from 68% in 2019. Of non-travelers, 59% cite COVID-19 impact. Most travelers (72%) will drive, with 66% staying within 100 miles. Major cities suffer, with 44% avoiding them due to COVID. Traffic is expected to peak the weekend before Thanksgiving. Cars.com emphasizes the need for safe travel in light of ongoing pandemic conditions.

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Cars.com Inc. (CARS) reported Q3 2020 financial results with revenue of $144.4 million, a decline of 5% year-over-year. However, the net loss significantly improved to $12.3 million, or $0.18 per diluted share, compared to a prior-year loss of $426.2 million, which included a goodwill impairment charge. Adjusted net income rose to $34.6 million, up 63% from last year. Average monthly unique visitors increased by 10% to 25.3 million. Free cash flow reached $84.3 million, up 29% year-over-year, indicating strong operational cash generation and robust dealer retention amidst heightened demand for digital solutions.

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Cars.com Inc. (NYSE: CARS) announced the successful closing of a $400 million offering of 6.375% senior unsecured notes due in 2028. The proceeds will be used to repay $235 million and $163 million of borrowings under its revolving facility and term loan, respectively. Additionally, CARS amended its credit facility, extending the maturity to May 31, 2025, and creating a $230 million undrawn revolving facility and a $200 million term loan. The notes are offered to qualified institutional buyers only and are not registered under U.S. securities laws.

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Cars.com Inc (NYSE: CARS) will report its third-quarter financial results for the period ending September 30, 2020, on November 9, 2020. A conference call will be held at 9:00 a.m. CT to discuss these results. The call will be hosted by CEO Alex Vetter and CFO Sonia Jain, with a live webcast available at investor.cars.com. Cars.com provides a leading digital marketplace for automotive shoppers and sellers, enhancing connections with innovative solutions and data-driven tools.

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Cars.com Inc. (NYSE: CARS) announced the pricing of its offering of $400 million in senior unsecured notes with a fixed interest rate of 6.375%, maturing on November 1, 2028. The offering is set to close on October 30, 2020, subject to customary conditions. The proceeds will be utilized to repay borrowings under its existing credit facility. These notes will not be registered under the Securities Act and are offered only to qualified institutional buyers. This financial move aims to enhance liquidity and strengthen the company's balance sheet.

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Cars.com Inc. (NYSE: CARS) announced plans to offer $400 million in senior unsecured notes due 2028. The offering is contingent on market conditions and will be backed by guarantees from the company's subsidiaries. Proceeds will be utilized for repaying existing credit facility borrowings. The notes will only be sold to qualified institutional buyers and specific non-U.S. persons, thus they won't be registered under U.S. securities laws. Cars.com operates as a digital marketplace, enhancing connections between car shoppers and sellers.

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FAQ

What is the current stock price of Cars.Com (CARS)?

The current stock price of Cars.Com (CARS) is $10.05 as of May 8, 2025.

What is the market cap of Cars.Com (CARS)?

The market cap of Cars.Com (CARS) is approximately 749.6M.
Cars.Com

NYSE:CARS

CARS Rankings

CARS Stock Data

749.57M
57.42M
8.66%
94.86%
3.31%
Auto & Truck Dealerships
Services-computer Processing & Data Preparation
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United States
CHICAGO