Shares of Cars.com (CARS) have gained 9.5% over the past four weeks to close the last trading session at $18.49, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $24.42 indicates a potential upside of 32.1%. The mean estimate comprises six short-term price targets with a standard deviation of $2.33. While the lowest estimate of $20 indicates an 8.2% increase from the current pric ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms o ...

Gradual improvement in new inventory and consumer demand: The average new-car price remains stable at approximately $49,111, down slightly by 1.5% year over year — although prices are higher than before the semiconductor shortage, there's a notable effort by automakers to introduce more vehicles priced under $30,000, which have seen the most market share growth so far in 2024. As new-car inventory levels increase by 35% compared to 2023, consumers are experiencing fewer pressures to compromise on their vehi ...

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 March 31, 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) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No ...

Cars.com Inc. (NYSE:CARS) Q1 2024 Earnings Conference Call May 10, 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 Rajat Gupta - JPMorgan Tom White - Davidson Naved Khan - B. Riley Securities Gary Prestopino - Barrington Research Doug Arthur - Huber Research Marvin Fong - BTIG Operator Good morning, ladies and gentlemen and welcome to the Cars.com First Quarter 202 ...

Cars.com (CARS) reported $180.18 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 7.8%. EPS of $0.01 for the same period compares to $0.17 a year ago.The reported revenue represents a surprise of +0.20% over the Zacks Consensus Estimate of $179.81 million. With the consensus EPS estimate being $0.08, the EPS surprise was -87.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Revenue and Growth - Total revenue for Q1 2024 was $180.2 million, an increase of $13.1 million, or 8%, compared to the prior year period[14]. - The company expects Q2 2024 revenue to be between $181 million and $183 million, reflecting year-over-year growth of 7% to 9%[17]. - Full-year revenue growth guidance is reaffirmed at 6% to 8%[8]. - Revenue for Q1 2024 was $180.2 million, an increase of $13.1 million or 8% year-over-year[42]. Net Income and Earnings - Net income for the quarter was $0.8 million, or $0.01 per diluted share, compared to net income of $11.5 million, or $0.17 per diluted share, in the prior year[15]. - Adjusted net income for Q1 2024 was $28.7 million, or $0.43 per diluted share, compared to $26.2 million, or $0.39 per diluted share, in the prior year[15]. - Net income for the three months ended March 31, 2024, was $784,000, compared to $11,479,000 for the same period in 2023, indicating a significant decline[64]. EBITDA and Operating Performance - Adjusted EBITDA for the quarter was $52.7 million, representing 29% of revenue, up $8.3 million year-over-year[13]. - Adjusted EBITDA for the quarter totaled $52.7 million, representing 29% of revenue, compared to $44.3 million or 27% of revenue in the prior year[55]. Expenses and Cash Flow - Total operating expenses for Q1 2024 were $167.4 million, compared to $154.5 million for the prior year period[5]. - Adjusted operating expenses for the quarter were $154.9 million, a $9.2 million increase compared to the prior year[43]. - Free cash flow for Q1 2024 totaled $27.5 million, up from $22.8 million in 2023[44]. - Net cash provided by operating activities was $33.5 million, compared to $28.1 million in the prior year[44]. - Net cash provided by operating activities increased to $33,468,000 from $28,141,000 year-over-year, reflecting a growth of approximately 19.5%[64]. Shareholder Actions - The company repurchased 0.5 million shares of its common stock for $9.5 million during the quarter[7]. Traffic and User Metrics - Average Monthly Unique Visitors ("UVs") were 28.3 million, compared to 28.5 million a year ago[4]. - Traffic ("Visits") reached 171.4 million, up 4% year-over-year[42]. - Dealer Customers totaled 19,381 as of March 31, 2024, a slight decrease from 19,504 as of December 31, 2023[54]. - Average Revenue Per Dealer (ARPD) grew 5% year-over-year to $2,505, driven by the 2023 Marketplace Repackaging initiative[54]. - Monthly Average Revenue Per Dealer ("ARPD") was $2,505, up 5% year-over-year[13]. Financial Position - Cash and cash equivalents at the end of the period were $31,363,000, down from $39,198,000 at the beginning of the period, representing a decrease of about 20.0%[64]. - Total assets decreased to $1,143,131,000 from $1,172,449,000, a decline of approximately 2.5%[68]. - Total liabilities decreased to $661,681,000 from $680,341,000, reflecting a reduction of about 2.8%[68]. - Accounts receivable increased slightly to $125,670,000 from $125,373,000, showing a marginal growth of 0.2%[68]. Investment and Debt - The company reported a net cash used in investing activities of $6,013,000, compared to $5,371,000 in the previous year, indicating an increase in investment outflows[64]. - Payments of long-term debt decreased to $10,000,000 from $18,750,000, a reduction of approximately 46.7%[64]. - The Company amended and extended its existing Credit Facility to a new $350 million Revolving loan maturing in May 2029[56]. Other Financial Metrics - The company incurred stock-based compensation expenses of $8,357,000, down from $9,797,000, reflecting a decrease of about 14.7%[64]. - Cash paid for income taxes increased to $1,168,000 from $96,000, a significant rise of approximately 1,116.7%[64].

Despite Inflation and Interest Rate Concerns, Half of Americans Are Planning Major Purchases in 2024 CHICAGO, April 16, 2024 /PRNewswire/ -- In its second annual Affordability Report released today, car-shopping marketplace Cars.com® (NYSE: CARS) reveals a retail environment that is more accessible to consumers than it has been for months, and in some cases, years. Cars.com's 2024 Affordability Report is a comprehensive, data-driven resource for cost-conscious car shoppers that offers insights into consumer ...

New Cars.com Utility Puts in Data from Over Two Million Vehicle Listings in the Hands of Consumers and Allows Them to Easily Track Their Vehicle's Value Over Time1 Your Garage Launches Alongside Dynamic 30-Second Ad and Engaging Social, Radio Content CHICAGO, April 2, 2024 /PRNewswire/ -- Car-shopping marketplace Cars.comⓇ (NYSE: CARS) unveils Your Garage, a powerful tool designed to provide car owners with the ability to track the value of their vehicle over time so they can make a more informed decision. ...

Over 1 Million Consumer Reviews Show Responsiveness, Accountability Are Keys to Delivering Excellent Dealership Experience CHICAGO, March 6, 2024 /PRNewswire/ -- Car-shopping marketplace and dealer reputation site Cars.com® (NYSE: CARS) — home to more than 13 million dealership reviews, the most industrywide — today unveiled the winners of its annual Dealer of the Year Awards (DOTY), presented annually to the top automotive dealers. Out of the more than 50,000 U.S. and Canadian auto dealers with profiles, 9 ...