Welcome to our dedicated page for Cars.com news (Ticker: $CARS), a resource for investors and traders seeking the latest updates and insights on Cars.com stock.
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. (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
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End-of-Day
-1.4%
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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.
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End-of-Day
-2.94%
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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.
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Rhea-AI Sentiment
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-0.53%
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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.
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Rhea-AI Sentiment
End-of-Day
-0.59%
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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.
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Rhea-AI Sentiment
End-of-Day
11.69%
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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.
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Rhea-AI Sentiment
End-of-Day
11.69%
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Cars.com Inc. expects to report its Q3 financial results on November 2, 2023. A conference call will be held on the same day to discuss the results.
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-2.97%
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Cars.com announces new enterprise brand name, Cars Commerce, and doubles down on platform strategy to simplify car buying and selling. The platform aims to connect the industry and reduce dealer turn time by up to 20%. Cars Commerce focuses on pretail, retail, and post-sale activities, offering a streamlined and interconnected portfolio with four core capabilities: Marketplace, Digital Experience, Trade & Appraisal, and Media.
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1.19%
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Truck prices grew 50% faster than average vehicle prices YoY. Pickup trucks offer versatility and utility, becoming great family vehicles. Used pickup truck prices surged 9% YoY. Electric pickup trucks have limited towing range and high price, with 58% of shoppers unlikely to purchase due to cost. Average price of new electric pickup was over $94,000.
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Rhea-AI Sentiment
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2.11%
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Rhea-AI Summary
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Rhea-AI Sentiment
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-5.39%
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Cars.com Inc.
NYSE:CARS
CARS Rankings
CARS Stock Data
1.15B
56.33M
8.9%
90.88%
2.47%
Software Publishers
Information
United States of America
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.