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Ahead of Cars.com (CARS) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
ZACKS· 2025-02-26 15:15
Core Insights - Analysts expect Cars.com (CARS) to report quarterly earnings of $0.52 per share, reflecting a year-over-year increase of 333.3% [1] - Revenue is projected to be $182.51 million, which is a 1.6% increase from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, indicating a stable outlook from analysts [1] Revenue Estimates - The consensus estimate for 'Revenue- Dealer' is $161.83 million, showing a year-over-year change of +0.3% [4] - 'Revenue- OEM and National' is estimated at $16.68 million, suggesting an increase of +8.2% year over year [4] - The 'Monthly Average Revenue Per Dealer (ARPD)' is projected to be $2,496.50, slightly down from $2,523 in the previous year [4] Customer Metrics - Analysts project that 'Dealer Customers' will reach 19,332, a decrease from 19,504 reported in the same quarter last year [5] Stock Performance - Shares of Cars.com have declined by -17.7% in the past month, contrasting with a -2.3% change in the Zacks S&P 500 composite [6] - Cars.com holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near future [6]
Is Cars.com (CARS) Stock Undervalued Right Now?
ZACKS· 2025-02-14 15:45
Core Viewpoint - The article emphasizes the importance of value investing and highlights Cars.com (CARS) as a strong value stock based on its favorable valuation metrics and earnings outlook [2][3][6] Valuation Metrics - Cars.com has a Price-to-Book (P/B) ratio of 2.25, which is significantly lower than the industry average of 5.62, indicating it may be undervalued [4] - The stock's P/B ratio has fluctuated between 1.99 and 2.85 over the past year, with a median of 2.37 [4] - Additionally, Cars.com has a Price-to-Cash Flow (P/CF) ratio of 7.83, compared to the industry average of 16.77, further suggesting undervaluation [5] - The P/CF ratio has ranged from 5.03 to 10.36 in the past year, with a median of 7.56 [5] Investment Outlook - Cars.com holds a Zacks Rank of 2 (Buy) and an "A" grade in the Value category, making it one of the strongest value stocks currently available [3][6] - The combination of its attractive valuation metrics and strong earnings outlook positions Cars.com as an impressive value stock [6]
CARS to Announce Fourth Quarter and Full Year 2024 Financial Results
Prnewswire· 2025-02-13 22:00
Group 1 - Cars.com Inc. expects to report its financial results for Q4 and the full year ended December 31, 2024, on February 27, 2025 [1] - A conference call will be hosted by CEO Alex Vetter and CFO Sonia Jain to discuss the results, available via live webcast [2] - Cars Commerce is an audience-driven technology company that simplifies the buying and selling of cars, offering a range of services including a marketplace, digital marketing technology, and AI-driven retail operations [3]
CARS.COM NAMES KIA EV9 'BEST ELECTRIC VEHICLE OF 2025'
Prnewswire· 2025-02-06 19:12
Group 1 - The 2025 Kia EV9 has been awarded Cars.com's 'Best Electric Vehicle of 2025' for its exceptional range, style, and comfort, appealing to a diverse audience [1][2] - The EV9 features ultrafast recharging capabilities, allowing it to charge from 10% to 80% in under 25 minutes using high-speed DC chargers [2][5] - The vehicle offers a spacious three-row interior, seating for up to six or seven passengers, and advanced technology such as the ultra-wideband-based Digital Key and Onboard Power Generator (V2L) functionality [2][3] Group 2 - Kia America is headquartered in Irvine, California, and is recognized for its automotive quality, being listed among TIME World's Most Sustainable Companies of 2024 [3] - The company serves as the "Official Automotive Partner" of the NBA and WNBA, and offers a range of vehicles including gasoline, hybrid, plug-in hybrid, and electric models through over 775 dealers in the U.S. [3][4]
Affordable Excellence: Hyundai Santa Fe Named Best Car of 2025 by Cars.com
Prnewswire· 2025-02-06 12:30
Core Insights - Cars.com announced the winners of its annual Best Of Awards for 2025, recognizing top-rated vehicles across six categories, with the Hyundai Santa Fe being named Best Car of the Year [1][2] Award Categories Summary - **Best Family Car**: 2025 Hyundai Palisade, praised for safety features and spacious interior, starting at under $40,000 [5] - **Best Electric Vehicle**: 2025 Kia EV9, noted for its balance of range, comfort, and usability, featuring standard driver-assistance technologies [5] - **Best SUV**: 2025 Toyota Land Cruiser, recognized for its nimbleness and off-road capability while being comfortable for street driving [5] - **Best Pickup Truck**: 2025 Ram 1500, highlighted for its new twin-turbo inline-six engine that offers improved performance over the previous V-8 [5] - **Best Luxury Car**: 2025 Genesis Electrified GV70, commended for its luxurious materials and exceptional driving experience, along with advanced features [5] Methodology - The winners were selected by a team of seven editors who evaluated new vehicles throughout the year, with each award category having specific criteria guiding the nomination and voting process [3]
BROAD ARROW PRESENTS A CENTURY OF MOTORING ICONS AT RETROMOBILE
GlobeNewswire News Room· 2025-02-05 09:30
Core Viewpoint - Broad Arrow, a Hagerty company, is showcasing historically significant collector cars at Retromobile 2025, highlighting their inaugural sale at the Concorso d'Eleganza Villa d'Este in May 2025, in partnership with BMW AG [1][2]. Company Performance - Broad Arrow experienced exceptional year-over-year growth of 75% in 2024, totaling $316 million in transactions across auctions, private sales, and financing [2]. Featured Cars - The 1948 Ferrari 166 Spyder Corsa is estimated to sell for €5.5 million to €7.5 million and is considered one of the most original early Ferrari examples [3][4]. - The 1988 Porsche 911 TAG Turbo, with an asking price of £2.2 million, is one of only 11 produced and features a genuine F1 engine raced by Alain Prost [5][7]. - The 1930 Bentley Speed Six 'Old No.3' is a significant piece of racing history, known for its exploits at the 24 Hours of Le Mans [8][9]. - The 1949 Talbot-Lago T26 Grand Sport Coupe is estimated between €1.2 million and €1.5 million and is the sole survivor of its kind [10][11]. - The 1965 Ferrari 275 GTS is estimated to sell for €1.5 million to €1.8 million and is recognized for its engineering and design [12][13]. Memorabilia and Events - Broad Arrow will also feature highly collectible memorabilia, including Formula 1 driver helmets, in their Spring 2025 Memorabilia Online Auction [14]. - Retromobile takes place from February 5-9, 2025, at Paris Expo - Porte de Versailles, providing a platform for collectors and enthusiasts to engage with the showcased cars [5].
Cars.com Inc. Acquires DealerClub, Expanding Trade & Appraisal Platform Capabilities With Reputation-Based Dealer-to-Dealer Digital Wholesale Auction
Prnewswire· 2025-01-24 12:30
CHICAGO, Jan. 24, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce" or the "Company"), an audience-driven technology company empowering automotive, today announced the acquisition of (DealerClub), a reputation-based automotive digital wholesale auction. The Company paid approximately $25 million in cash at closing. There is the potential for an additional performance-based consideration of up to $88 million based on achievement of certain financial thresholds. The transaction closed on ...
Cars Commerce Platform Helps Retailers Sell More Cars, Faster
Prnewswire· 2025-01-22 12:30
Core Insights - Cars.com Inc. (d/b/a "Cars Commerce") showcases its connected platform at the 2025 NADA Show, emphasizing its value in enhancing dealer performance through its four core capabilities [1][5] - Dealers utilizing multiple capabilities of the platform experience up to 2x more leads and sell inventory at least 10% faster compared to those using only one capability [1][6] Dealer Concerns and Platform Solutions - A recent survey indicates that auto retailers' top concerns in 2025 include acquiring used cars more profitably, with this concern increasing by 20 percentage points year over year [2][6] - The Cars Commerce platform addresses these concerns by providing technology and solutions for advertising inventory, targeting in-market shoppers, managing reputation, and acquiring used inventory efficiently [2][3] Core Capabilities of the Cars Commerce Platform - The platform's four core capabilities include: 1. Acquiring more used vehicles with higher profitability 2. Targeting higher quality in-market shoppers 3. Differentiating dealerships from competitors [3][4] Marketplace and Digital Experience - Cars.com is recognized as the No. 1 automotive marketplace, attracting approximately 25 million unique shoppers each month, allowing dealers to showcase their inventory beyond just price [4][6] - Retailers using the Dealer Inspire website in conjunction with the Cars.com marketplace can sell inventory four days faster and see a 10% improvement in inventory turn time [4][6] Trade & Appraisal Insights - In 2024, retailers completed over 2.5 million appraisals through AccuTrade, resulting in a 45% increase in used-car acquisitions year over year [4][6] - The combination of AccuTrade's technology with the Cars.com marketplace leads to a 90% increase in total leads, with higher conversion rates to sales [4][6] Media Network Performance - The Cars Commerce Media Network offers four media solutions that significantly improve dealer performance metrics, with Cars.com shoppers converting 5x higher than Google's audiences and a 32% lower cost-per-click [5][6] - Dealers who add a media package consistently see double-digit improvements in connections [5][6] Company Overview - Cars Commerce is an audience-driven technology company that simplifies the buying and selling of cars, offering a comprehensive platform that includes an automotive marketplace, digital marketing technology, trade-in and appraisal technology, and predictive AI technologies [7][8]
2025 Trends: Car Prices Remain Stubbornly High in New Year and Potential Tariffs Could Add Pressure, But Shoppers May Find Silver Lining in New Affordable Inventory, According to Cars.com
Prnewswire· 2024-12-17 12:30
Core Insights - The automotive industry is facing a mix of optimism and challenges as it enters 2025, with supply and demand dynamics continuing to shape retail [1] - Affordability is improving but remains a significant challenge, with high average new car prices and financial struggles among consumers [2] - The definition of "American-made" is evolving, influenced by the Inflation Reduction Act and potential tariffs, impacting both traditional and electric vehicle markets [3][4] Automotive Market Trends - The average new vehicle price has stabilized at $49,000, down from a peak of $50,300 in June 2023, while new vehicle inventory priced under $30,000 has increased by 42% year over year [2] - There is a potential shift towards new cars as late-model used inventory is limited, leading to inflated prices for used vehicles [3] - The electric vehicle (EV) market is adjusting to consumer demand, with used EV prices dropping significantly and new EV inventories increasing by 35% year over year [5] Economic Factors - Loan delinquencies are high, and while inflation is cooling, affordability remains a key challenge in the auto market for 2025 [2] - The potential implementation of tariffs in 2025 could complicate the definition of "American-made" and raise manufacturing costs for new cars [3] Electric Vehicle Landscape - Domestic EV battery production is reshaping the market, increasing the presence of hybrids and EVs on Cars.com's American-Made Index [4] - The overproduction of EVs has led to excess inventory, prompting automakers to slow production to better align with consumer demand [5]
Cars.com Contends With Uneven Dealer Demand (Downgrade)
Seeking Alpha· 2024-11-19 19:53
Group 1 - The article discusses the services provided by IPO Edge, which includes actionable information on growth stocks through first-look S-1 filings, previews on upcoming IPOs, an IPO calendar, a database of U.S. IPOs, and a comprehensive guide to IPO investing [1]