STOCK TITAN

Cars.com - CARS STOCK NEWS

Welcome to our dedicated news page for Cars.com (Ticker: CARS), a resource for investors and traders seeking the latest updates and insights on Cars.com.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cars.com's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cars.com's position in the market.

Rhea-AI Summary
Cars.com Inc. (CARS) to report Q4 and full-year 2023 financial results on February 22, 2024, with a live webcast hosted by CEO Alex Vetter and CFO Sonia Jain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.82%
Tags
earnings
-
Rhea-AI Summary
Automotive giants Volkswagen, Kia, Toyota, and BMW experienced a substantial surge in consumer traffic on Cars.com following their prime-time commercials during the Big Game. Volkswagen led the pack with a 394% spike, followed by Kia, Toyota, and BMW with 265%, 223%, and 158% increases respectively. The event proved to be a lucrative opportunity for automakers to engage with a captivated audience, translating into significant traffic boosts on Cars.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.63%
Tags
none
-
Rhea-AI Summary
Cars.com announced the winners of its annual Best Of Awards, recognizing the top vehicles in six categories and the Best Car of the Year. This year, Chevrolet's 2024 Trax earned the coveted Best Car of 2024 honor. Priced from $21,495, the Trax comes with user-friendly technology features, increased spaciousness, and sleek styling, all while bringing a lower starting price than the 2023 model.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
none
Rhea-AI Summary
Cars.com Inc. shared the top three dealer pain points in 2024 and how the company plans to help its customers solve these challenges. The pain points are capturing higher-quality shoppers, acquiring more used inventory, and differentiating a dealership from its competitors. The company will debut new advertising solutions, offer instant cash offers for in-market consumers, and provide a data-driven report for reputation management. The CEO emphasized the need to adapt to the digital-first generation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.13%
Tags
none
-
Rhea-AI Summary
Cars.com Inc. (NYSE: CARS) announces that FordDirect has chosen AccuTrade as its preferred vehicle acquisition and trade solution for The Shop, a new e-commerce platform for 3000+ Ford dealers and Lincoln retailers. AccuTrade's technology allows for digital instant offers and transparent acquisition solutions, generating over 275,000 Instant Offers in 2023 and unlocking new growth for retailers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
acquisition
-
Rhea-AI Summary
Cars Commerce Inc. (CARS) releases 2024 Automotive Trends, highlighting economic uncertainty, tight inventory levels, and Gen Z's impact on automotive retail. American shoppers support American workers, with almost 50% willing to spend more on locally made vehicles. Consumers eye EVs, but few are committing. Cars Commerce predicts five trends influencing the auto industry in 2024 and beyond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
Tags
none
Rhea-AI Summary
Cars.com Inc. (NYSE: CARS) released the Experience Report, highlighting the crucial role of dealership engagement in building auto brand reputation. The report showcases the major automotive brands with the best consumer reputation based on data from Cars.com's exclusive marketplace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
none
-
Rhea-AI Summary
Cars.com Inc. (CARS) to host investor meetings at three upcoming conferences in November, including RBC Capital Markets Global Technology, D.A. Davidson Technology Summit, and Needham 3rd Annual Consumer Tech/ECommerce Virtual Conference. CEO Alex Vetter and CFO Sonia Jain will be participating, with webcasts available for the RBC event. Contact respective representatives to schedule one-on-one meetings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
conferences
-
Rhea-AI Summary
Cars.com Inc., now known as Cars Commerce, reported a 6% increase in total revenue and a 9% growth in average monthly revenue per dealer (ARPD) in Q3 2023. The company also acquired D2C Media Inc., expanding its presence in Canada. Additionally, Cars Commerce united its B2B brands under one platform and increased its website customers and upsells.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.69%
Tags
earnings
Rhea-AI Summary
Cars.com Inc. has announced the acquisition of D2C Media Inc., a leading automotive technology and digital solutions provider in Canada. The acquisition was valued at CAD $105 million in cash, with the potential for an additional CAD $35 million based on financial thresholds. This acquisition expands Cars.com's geographic footprint, supports its growth trajectory, and creates cross-selling opportunities. D2C Media serves approximately 1,000 dealer customers in Canada and generates revenue through subscription fees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.69%
Tags
acquisition
Cars.com

NYSE:CARS

CARS Rankings

CARS Stock Data

1.20B
56.90M
8.53%
90.09%
2.26%
Software Publishers
Information
Link
US
Chicago

About CARS

cars.com is a leading automotive digital marketing company offering advertisers the opportunity to reach more than 18 million in-market car shoppers each month. through data-driven insights we move the industry forward, helping local and national partners align with modern car shopping behavior. advertiser customers gain access to a variety of innovative online and mobile marketing solutions that help them connect with and influence consumers everywhere they are shopping.