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]

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Cars.com Inc. (NYSE:CARS) Q3 2024 Results Conference Call November 7, 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 Tom White - Davidson Zach Walljasper - UBS Gary Prestopino - Barrington Research Marvin Fong - BTIG Operator Good morning, ladies and gentlemen, and welcome to the Cars Third Quarter 2024 Conference Call. [Operator Instructions ...

j 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 September 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. ...

Cars.com (CARS) reported $179.65 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 3.1%. EPS of $0.41 for the same period compares to $0.07 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $179.37 million, representing a surprise of +0.16%. The company delivered an EPS surprise of -6.82%, with the consensus EPS estimate being $0.44.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

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 ...