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Best of 2026: Cars.com Names Nissan Leaf Top Vehicle of the Year
Prnewswire· 2026-02-05 12:30
Nissan Takes Two Spots While Ram Goes Back-to-Back Years as Best Truck in Cars.com Best Of Awards CHICAGO, Feb. 5, 2026 /PRNewswire/ -- Car-shopping marketplace Cars.com Inc., (NYSE: CARS) today announced the winners of its annualBest Of Awards, recognizing the top-rated 2026 vehicles across six categories. As shoppers navigate elevated vehicle prices, evolving electric-vehicle incentives and tighter used- car supply, this year's winners chosen by Cars.com's trusted experts stand out for delivering real-wor ...
Cars Commerce and Del Grande Dealer Group Unveil New Solution for Dealers Built on Salesforce's Agentforce Automotive CRM
Prnewswire· 2026-02-04 22:00
DealerCloud LLC Delivers Powerful AI and Unified Data to Drive Efficiencies in a Secure and Scalable System for Dealers Join Julien Schneider, Cars Commerce chief strategy officer, Jeremy Beaver, CEO of DGDG, and Connor Marsden, president of sales for Salesforce, at NADA 2026 to learn more about how DealerCloud LLC, built on Agentforce Automotive, delivers the agentic enterprise to automotive dealerships. More Information LAS VEGAS, Feb. 4, 2026 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commer ...
Is Cars.com Inc. (CARS) One of the Best Used Car Stocks To Buy According to Hedge Funds?
Yahoo Finance· 2026-02-04 10:44
Cars.com Inc. (NYSE:CARS) is one of the best used-car stocks to buy, according to hedge funds. Analysts remain bullish on Cars.com Inc. (NYSE:CARS). Over the past three months, five Wall Street firms set 12‑month targets averaging $17.75, ranging from $13 to $25, implying a potential 56% upside from the current price of $11.36. Is Cars.com Inc. (CARS) One of the Best Used Car Stocks To Buy According to Hedge Funds? On January 29, Cars.com Inc. (NYSE:CARS) launched a new powerful tech and advertising solu ...
AccuTrade Launches a Single Solution for Smarter Appraisals and Inventory Management
Prnewswire· 2026-02-02 12:30
Core Insights - AccuTrade has launched a new Inventory Management System (IMS) designed to enhance gross profit in the used-car sector by providing precise appraisals and integrated solutions for dealers [1][2][3] Group 1: Technology Features - The AccuTrade IMS offers instant online visibility and a streamlined process from acquisition to retail or wholesale, integrating with Cars.com, Dealer Inspire, and DealerClub [1][3] - New features include AI-powered vehicle descriptions, real-time inventory updates, and automated SMS texting for service lane acquisitions [4][5] - The system utilizes a precise appraisal engine that provides VIN-specific deductions and real-time competitive data, eliminating manual guessing [5] Group 2: Risk Management and Profitability - AccuTrade IMS evaluates vehicles based on risk rather than age, using a proprietary intelligence score that considers factors like vehicle pedigree and projected days on market [5] - The platform offers profit forecasting at the VIN level, allowing dealers to make informed decisions on retail versus wholesale strategies [5] - Built-in accountability features provide insights into appraisal efficiency and gross profit, enabling dealerships to measure effectiveness [5] Group 3: Market Opportunity - The used-car market presents significant profitability opportunities in 2026, and AccuTrade aims to equip dealers with the necessary tools to capitalize on this potential [3] - The connected workflow of AccuTrade IMS maximizes efficiency by allowing dealers to manage all aspects of vehicle appraisal, pricing, and merchandising on a single platform [5]
Cars.com Launches Powerful New Solutions, Helping Dealers Turn Smarter Technology into Real Profit
Prnewswire· 2026-01-29 12:30
Leading Automotive Marketplace Unveils New Tech to Better Enable its Dealer Partners in 2026 CHICAGO, Jan. 29, 2026 /PRNewswire/ -- Car shopping marketplace Cars.com Inc. (NYSE: CARS) today announced new powerful tech and advertising solutions for its dealer customers built to drive efficient growth and profitability. The news comes ahead of the National Automobile Dealers Association Conference (NADA) on Feb. 4-6 in Las Vegas, where the company will showcase its offerings in booth #3723W. With strong marke ...
Cars Commerce Announces Inducement Awards Under NYSE Listing Rule 303A.08
Prnewswire· 2025-12-23 12:30
Group 1 - Cars.com Inc. granted performance-based stock unit awards (PSUs) covering 155,885 shares and restricted stock units (RSUs) covering 233,827 shares to Tobias Hartmann as part of his hiring as Chief Executive Officer-Designate [1] - The RSUs will vest ratably over three years, while the PSUs will vest over a three-year performance period based on specified stock price targets [1] - The awards were approved by a majority of the independent members of the Company's Board of Directors and are part of the Cars.com Inc. 2025 Inducement Equity Plan [1][2] Group 2 - Cars Commerce is a technology company focused on the automotive industry, providing solutions that enhance car buying and selling processes [3] - The company operates a platform that includes various brands such as Cars.com, Dealer Inspire, AccuTrade, DealerClub, and Cars Commerce Media Network [3] - The company's offerings are designed to improve retail operations through AI-driven technologies and efficient solutions across different stages of the automotive sales process [3]
Cars Commerce Names Tobias Hartmann as Next Chief Executive Officer, Succeeding CEO Alex Vetter Effective January 15, 2026
Prnewswire· 2025-12-18 21:05
Core Viewpoint - Cars.com Inc. has announced the appointment of Tobias Hartmann as the new CEO, effective January 15, 2026, succeeding Alex Vetter, who will step down from his role and serve as an advisor until March 31, 2026 [1][2]. Company Leadership Transition - Tobias Hartmann brings over 25 years of experience in B2C and B2B technology, eCommerce, and marketplace companies, having previously served as CEO of Scout24 SE Group and President of HelloFresh SE [2][3]. - Alex Vetter has been with Cars.com since its inception in 1998 and has played a crucial role in transforming the company into a vertical SaaS platform for the automotive industry [3][4]. Strategic Vision - Hartmann aims to leverage digital tools, data, and AI to enhance customer competitiveness in the automotive retail and wholesale sectors [3]. - The Board of Directors expressed confidence in Hartmann's ability to accelerate growth and guide the company into the future [3][4]. Company Background - Cars Commerce is a technology company focused on empowering the automotive industry through innovative solutions and AI-driven technologies that enhance car buying and selling processes [5][6]. - The platform includes various brands such as Cars.com, Dealer Inspire, AccuTrade, DealerClub, and Cars Commerce Media Network, which collectively support efficient and profitable retail operations [6].
Cars Commerce Appoints Seasoned SaaS and Marketplace Technologist Cormac Twomey as Chief Technology Officer
Prnewswire· 2025-12-04 12:30
Core Insights - Cars.com Inc. has appointed Cormac Twomey as the new Chief Technology Officer (CTO) to enhance innovation and scale the technology platform [1][2] - Twomey brings extensive experience in SaaS and digital marketplace technologies, having previously served as CTO at OpenTable, where he successfully transitioned the company to a SaaS-based model [2][3] - His appointment is expected to drive the company's growth in AI and improve automotive retail and wholesale capabilities [1][2] Company Overview - Cars Commerce is a technology company focused on empowering the automotive industry through innovative products and AI-driven solutions [4] - The company operates a platform that includes various brands such as Cars.com, Dealer Inspire, AccuTrade, DealerClub, and Cars Commerce Media Network, aimed at streamlining car buying and selling processes [4] - The platform supports local retail operations by providing essential tools for trade-in, appraisal, and marketing services [4]
Cars.Com: Flailing Stock With Zero Growth (NYSE:CARS)
Seeking Alpha· 2025-11-30 17:11
Core Viewpoint - The stock market is experiencing a rebound rally as it approaches the end of 2025, with a notable widening gap between large-cap growth stocks and small- and mid-cap value stocks, which have been the primary drivers of the S&P 500's gains this year [1] Group 1: Market Trends - The stock market is enjoying a rebound rally as it heads into the final weeks of 2025 [1] - There is a widening gap between large-cap growth stocks and small- and mid-cap value stocks [1] - Large-cap growth stocks have significantly contributed to the S&P 500's gains this year [1] Group 2: Analyst Background - Gary Alexander has extensive experience covering technology companies on Wall Street and working in Silicon Valley [1] - He has served as an outside adviser to several seed-round startups, providing insights into industry themes [1] - Alexander has been a contributor on Seeking Alpha since 2017 and has been quoted in various web publications [1]
Cars.com Survey Reveals AI's Growing Influence on Car Shopping: 97% of AI Users Say it Will Impact Purchase Decisions and Almost Half Have Already Leveraged the Tech for Car Shopping
Prnewswire· 2025-11-20 20:24
Core Insights - The article highlights that 44% of consumers are using AI-powered car search tools, indicating a significant shift in how Americans shop for vehicles [1][2] - The survey results show that 97% of consumers believe AI will influence their purchase decisions, marking a new era in auto retail [2] Consumer Behavior and Preferences - Approximately 73% of AI users find it saves time by converting conversational queries into targeted search results, while two-thirds desire an AI-powered personal car shopping assistant [2] - 71% of respondents trust AI tools for unbiased and accurate vehicle information, but 63% express concerns about potential biases in AI recommendations [3] Post-AI Search Actions - After using AI tools, 41% of shoppers are likely to visit a dealer or manufacturer's website, and 64% are open to additional recommendations from salespeople [4] - Most consumers prefer transitioning from AI tools to direct dealer interaction for budget and financing discussions when nearing a purchase [4] Impact of Carson - Carson, the AI tool launched by Cars.com, has shown strong engagement, with users returning to the site twice as often as other shoppers and saving three times more vehicles [5] - Carson currently assists about 15% of web and mobile searches on Cars.com and is continuously evolving with new features [5] Industry Positioning - Cars.com is positioned as a leader in automotive innovation, promising a more efficient and user-friendly experience for consumers and dealerships [6]