Release Date: August 08, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Cars.com Inc (CARS, Financial) reported a 6% year-over-year increase in Q2 revenue, marking the 15th consecutive quarter of revenue growth. OEM and national performance was particularly strong, with a 28% year-over-year increase, driven by increased demand from both new and existing partners. The company achieved record free cash flow of $56 million for the first ...

Used Car Shoppers Need to Watch for Telltale Signs of Water Damage CENTREVILLE, Va., Sept. 24, 2024 /PRNewswire/ -- We're halfway through Hurricane Season for 2024 and already tens of thousands of cars are at risk of suffering extensive water damage, CARFAX data shows. After a series of tropical storms and hurricanes hit the U.S. from June through August, CARFAX estimates that extensive flooding from Texas to Vermont has left as many as 89,000 vehicles with water damage. That's on top of the estimated 454,0 ...

UNLOCK THE "PEPSI CHASE CARS" DEAL ON DOORDASH: Tomorrow, September 13, when pizza cravings peak, Pepsi is upping the takeout order ante with a craveable deal too good to pass on. Pizza lovers who purchase Pepsi, Pepsi Zero Sugar, Diet Pepsi, or Pepsi Wild Cherry in 2L or 20 oz. bottles will have the chance to enjoy a delicious FREE* pizza (any size, any number of toppings!) with minimum order amount, from one of America's most famed eateries: Little Caesars - With minimum order amount of $30 including a 2L ...

Investors in Cars.com Inc. (CARS) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $15 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mea ...

Cars.com ((CARS) is a small-cap operator of an online automotive platform. The company offers new and used vehicle listings, expert and consumer reviews, and research tools. The Chicago-based firm is also engaged in the sale of display advertising to national advertisers. The reason CARS fell into the cellar of the Zacks Rank is because EPS estimates dropped recently with the Zacks Consensus for this year slid 12% from $1.98 to $1.74. The catalyst for this downward revision was the company's August 8 earnin ...

Only Six Vehicles — All SUVs — Take Top Spots in Cars.com's 2024 Best Cars for Car Seats Report, With Half From Volkswagen CHICAGO, Aug. 13, 2024 /PRNewswire/ -- Car-shopping marketplace Cars.com™ (NYSE: CARS) reports over 60% of parents say car seats play a pivotal role in their purchase decision, with some going as far as to bring a car seat to the dealership for a test fit before buying.1 Of parents who brought a car seat to the dealership, 84% said their questions were answered effectively, making the p ...

Cars.com Inc. (NYSE:CARS) Q2 2024 Results Conference Call August 8, 2024 9:00 AM ET Company Participants Catherine Chen - Vice President, Investor Relations Alex Vetter - Chief Executive Officer Sonia Jain - Chief Financial Officer Conference Call Participants Naved Khan - B. Riley Securities Gary Prestopino - Barrington Research Rajat Gupta - JPMorgan Marvin Fong - BTIG Tom White - Davidson Joseph Spak - UBS Doug Arthur - Huber Research Operator Ladies and gentlemen, and welcome to the Cars Second Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 b For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37869 Cars.com Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 81-3693660 (State or other jurisdiction of incorporation or organization) (I.R.S. Employe ...

Cars.com (CARS) reported $178.89 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 6.4%. EPS of $0.38 for the same period compares to $1.37 a year ago. The reported revenue represents a surprise of -1.44% over the Zacks Consensus Estimate of $181.51 million. With the consensus EPS estimate being $0.47, the EPS surprise was -19.15%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Cars.com (CARS) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -19.15%. A quarter ago, it was expected that this online automotive marketplace would post earnings of $0.08 per share when it actually produced earnings of $0.01, delivering a surprise of -87.50%. Over the last four quar ...