Cars.com (CARS) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.82%. A quarter ago, it was expected that this online automotive marketplace would post earnings of $0.47 per share when it actually produced earnings of $0.38, delivering a surprise of -19.15%.Over the last four quarte ...

Exhibit 99.1 Cars.com Reports Third Quarter 2024 Results Revenue Grew 3% Year-over-Year, with OEM and National Revenue Achieving 17% Year-over-Year Growth Platform Growth Driven by AccuTrade, D2C Media, and VIN Performance Media Products Generated $123MM of Year-To-Date Net Cash Provided by Operating Activities, up 34% Year-over-Year Repurchased 1.2 Million Shares, Representing 45% of Quarterly Free Cash Flow CHICAGO, November 7, 2024 -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc." or the "Company ...

CHICAGO, Oct. 24, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc" or the "Company"), an audience-driven technology company empowering the automotive industry, today announced that it expects to report its financial results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024. The Company will host a conference call with a live webcast at 8:00 a.m. CT/9:00 a.m. ET on the same day to discuss the results.The conference call will be hosted by Chief Executive O ...

The Automotive Market Sees a Shift as Stellantis Brands Cut Prices While Toyota and Honda Face Strong DemandCHICAGO, Oct. 21, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce."), an audience-driven technology company empowering the automotive industry, outlines shifts in the automotive industry in its September Industry Insights Report. This comprehensive report, crafted by Cars Commerce's expert data analysts, delves into macro and micro automotive market insights by analyzing supply, ...

Used Car Buyers Need to be Aware and Watch for Signs of Flood-Damaged Cars CENTREVILLE, Va., Oct. 17, 2024 /PRNewswire/ -- Hurricane Helene left as many as 138,000 vehicles flood damaged after it tore through at least six states, CARFAX estimates. Floodwaters swamped communities in Florida, Georgia, North and South Carolina, Virginia and Tennessee. That's on top of the estimated up to 89,000 vehicles already hit with water damage so far this year, according to CARFAX estimates. Thousands of these flood dama ...

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 ...