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Cars.com Inc. - CARS STOCK NEWS

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

News

Cars.com Inc. Reports Third Quarter 2023 Results

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Cars.com Inc., now known as Cars Commerce, reported a 6% increase in total revenue and a 9% growth in average monthly revenue per dealer (ARPD) in Q3 2023. The company also acquired D2C Media Inc., expanding its presence in Canada. Additionally, Cars Commerce united its B2B brands under one platform and increased its website customers and upsells.
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Cars.com Inc. Acquires D2C Media Inc., Expanding Cars Commerce Platform into Canada in Accretive Transaction

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Cars.com Inc. has announced the acquisition of D2C Media Inc., a leading automotive technology and digital solutions provider in Canada. The acquisition was valued at CAD $105 million in cash, with the potential for an additional CAD $35 million based on financial thresholds. This acquisition expands Cars.com's geographic footprint, supports its growth trajectory, and creates cross-selling opportunities. D2C Media serves approximately 1,000 dealer customers in Canada and generates revenue through subscription fees.
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Cars.com to Announce Third Quarter 2023 Financial Results

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Cars.com Inc. expects to report its Q3 financial results on November 2, 2023. A conference call will be held on the same day to discuss the results.
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CARS Rebrands Commercial Enterprise as Cars Commerce, the First Connected Platform for Automotive That Spans Pretail, Retail and Post-Sale

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Cars.com announces new enterprise brand name, Cars Commerce, and doubles down on platform strategy to simplify car buying and selling. The platform aims to connect the industry and reduce dealer turn time by up to 20%. Cars Commerce focuses on pretail, retail, and post-sale activities, offering a streamlined and interconnected portfolio with four core capabilities: Marketplace, Digital Experience, Trade & Appraisal, and Media.
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CARS.COM FINDS AMERICANS PAY A PREMIUM FOR PICKUP TRUCK 'COOL FACTOR'

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Truck prices grew 50% faster than average vehicle prices YoY. Pickup trucks offer versatility and utility, becoming great family vehicles. Used pickup truck prices surged 9% YoY. Electric pickup trucks have limited towing range and high price, with 58% of shoppers unlikely to purchase due to cost. Average price of new electric pickup was over $94,000.
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CARS Reports Second Quarter 2023 Results

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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

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CARS to Announce Second Quarter 2023 Financial Results

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

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

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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 24, 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.

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Cars.com Inc.

NYSE:CARS

CARS Rankings

#2451 Ranked by Market Cap
N/A Ranked by Dividends

CARS Stock Data

1.12B
59.14M
8.64%
91.92%
2.43%
Auto & Truck Dealerships
Services-computer Processing & Data Preparation
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United States of America
CHICAGO