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), also known as Cars Commerce Inc., is a leading automotive digital marketing company based in Chicago. The company empowers automotive by simplifying the car buying and selling process through innovative technology and data-driven insights. As the flagship automotive marketplace, Cars.com connects nearly 30 million in-market consumers with local and national car dealerships every month.
The company offers a comprehensive suite of products and services, including the dealer reputation site Cars.com, digital marketing solutions from Dealer Inspire, trade-in and appraisal technology from AccuTrade, and efficient AI-driven tools. These offerings help dealers capture higher-quality shoppers, turn inventory faster for higher profit, and differentiate themselves in a competitive market.
Recent achievements include FordDirect selecting AccuTrade as the preferred vehicle acquisition solution for its newly launched e-commerce platform for over 3000 Ford dealers and Lincoln retailers. In 2023, AccuTrade generated more than 275,000 instant offers and completed over 1 million appraisals, significantly enhancing inventory acquisition and profitability for dealerships.
Furthermore, Cars.com has demonstrated its prowess in digital marketing with initiatives like the
FAQ
What is the current stock price of Cars.com (CARS)?
The current stock price of Cars.com (CARS) is $17.36 as of December 27, 2024.
What is the market cap of Cars.com (CARS)?
The market cap of Cars.com (CARS) is approximately 1.1B.
What is Cars.com Inc.?
Cars.com Inc., also known as Cars Commerce Inc., is a leading automotive digital marketing company that simplifies buying and selling cars through innovative technology and data-driven insights.
What services does Cars.com offer?
Cars.com offers a suite of services including a dealer reputation site, digital marketing solutions from Dealer Inspire, trade-in and appraisal technology from AccuTrade, and AI-driven tools for efficient retail operations.
Who selected AccuTrade as a preferred solution?
FordDirect selected AccuTrade as the preferred vehicle acquisition and trade appraisal solution for its e-commerce platform for over 3000 Ford dealers and Lincoln retailers.
How many instant offers did AccuTrade generate in 2023?
In 2023, AccuTrade generated more than 275,000 instant offers and completed over 1 million appraisals, enhancing inventory acquisition and profitability for dealerships.
What recent achievements has Cars.com made in digital marketing?
Cars.com introduced VIN Performance Media at the 2024 NADA Show, demonstrating its ability to connect dealers with in-market shoppers and achieving a record total traffic in 2023.
What was Cars.com's revenue for Q1 2024?
Cars.com reported a revenue of $180.2 million for Q1 2024, marking an 8% increase compared to the prior year.
What is Cars.com's strategy for future growth?
Cars.com aims to leverage its robust traffic, innovative solutions, and strategic partnerships to drive further growth and value for consumers, dealers, and shareholders.
Where can I find more information about Cars.com?
More information about Cars.com can be found on their website at www.carscommerce.inc.