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.
Cars.com Inc. (NYSE: CARS), doing business as Cars Commerce Inc., generates a steady flow of news as an audience-driven technology company serving the automotive industry. Its updates often highlight developments across its Cars Commerce platform, which includes the Cars.com automotive marketplace and review or dealer reputation site, Dealer Inspire digital retail technology and marketing services, AccuTrade trade-in and appraisal technology, the DealerClub dealer-to-dealer wholesale auction and the Cars Commerce Media Network.
Company news frequently covers financial results, with quarterly earnings releases detailing revenue, dealer customer trends, marketplace metrics such as average monthly unique visitors and traffic, and non-GAAP measures like adjusted EBITDA, adjusted net income and free cash flow. These announcements are typically accompanied by Form 8-K filings that furnish the related press releases.
Cars.com Inc. also issues news about product and technology innovation, including AI-driven features. For example, the company has announced Carson™, a multilingual AI-powered search experience on Cars.com that converts conversational queries into targeted search results and is associated with higher engagement and lead-generation metrics based on company data. Additional updates describe AI integration across the platform and the appointment of technology leadership such as a Chief Technology Officer to support innovation and scaling of the technology platform.
Other news items highlight leadership and governance changes, such as the planned transition of the Chief Executive Officer role and related inducement equity awards under a 2025 Inducement Equity Plan, as well as executive appointments and departures disclosed via press releases and Form 8-K filings. The company also reports on strategic partnerships, including content and media collaborations like its role as the first automotive content partner in Uber Advertising’s "JourneyTV Presents" in-ride entertainment experience.
Investors and observers can use the CARS news feed on Stock Titan to follow Cars.com Inc.’s earnings announcements, AI and product updates, leadership transitions, platform metrics and media partnerships, all of which provide context on how the company is positioning its technology and marketplace offerings within the automotive sector.
Cars.com (NYSE: CARS) has announced its 2025 Dealer of the Year Awards, recognizing top automotive dealers across North America based on over 1.3 million consumer reviews from 2024. The awards evaluate dealers on key metrics including average star ratings, review volume, and dealer response rates.
Winners were selected across regional categories and national brand categories, with notable achievements including:
- 90% of winning dealers actively respond to consumer reviews vs 45% of non-winners
- 60% of winning dealers use Employee Profile Pages
- Over 200,000 dealership employees received 1.4 million individual ratings
In brand reputation analysis, Subaru led overall ratings, while Acura and Volvo topped luxury brands. The evaluation considered six categories: pricing transparency, trade-in experience, transaction speed, financing experience, review responsiveness, and vehicle inquiry responsiveness.
Cars.com (NYSE: CARS) reported strong Q4 and full year 2024 results, with record annual revenue of $719.2 million, up 4% year-over-year. Q4 revenue reached $180.4 million with notable 15% growth in OEM and National revenue.
Key highlights include AccuTrade Connected reaching ~1,000 subscribers, organic traffic share increasing to 61%, and robust Q4 Adjusted EBITDA margin of 30.8%. The company reported Q4 net income of $17.3 million ($0.26 per diluted share) and full-year net income of $48.2 million ($0.72 per diluted share).
Looking ahead, Cars.com announced a $250 million share repurchase authorization and projects 2025 revenue between $745-755 million with Adjusted EBITDA margin of 29-31%. The company also completed the DealerClub acquisition in January 2025, expanding its dealer-to-dealer wholesale auction capabilities.
Cars Commerce (NYSE: CARS) has appointed Lisa Gosselin as its new Chief Commercial Officer, succeeding Doug Miller. With over 25 years of commercial leadership experience in SaaS, adtech, and data sectors, Gosselin joins from Numerator where she served as Chief Revenue Officer and achieved four consecutive years of double-digit growth.
In her new role, Gosselin will oversee the company's sales channels, optimize go-to-market strategy, deepen strategic partnerships, and drive revenue growth. Her previous experience includes senior positions at Conversant-Epsilon, Catalina Marketing, Anheuser-Busch, PepsiCo, and Suntory.
The appointment, effective immediately, aims to accelerate Cars Commerce's platform and growth strategy, focusing on simplifying automotive retail and wholesale experiences while creating long-term value for dealers, OEMs, and commercial partners.
Cars Commerce Inc (NYSE: CARS) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 27, 2025. The company will host a conference call and live webcast at 8:00 a.m. CT/9:00 a.m. ET on the same day.
The conference call will feature CEO Alex Vetter and CFO Sonia Jain. Interested parties can access the live webcast at investor.cars.com, with a replay available shortly after in the Events section of the Investor Relations website.
Cars.com has announced its Best Of Awards for 2025, with the Hyundai Santa Fe claiming the prestigious Best Car of the Year title. Starting at under $36,000, the redesigned Santa Fe impressed with its standard three-row seating, spacious cargo area, and innovative features including an ultraviolet-light sanitizing compartment.
Other category winners include: Hyundai Palisade (Best Family Car) for its safety features and sub-$40,000 price point; Kia EV9 (Best Electric Vehicle) for its balance of range, comfort, and usability; Toyota Land Cruiser (Best SUV) for street and off-road capability; Ram 1500 (Best Pickup Truck) featuring a new twin-turbo inline-six engine; and Genesis Electrified GV70 (Best Luxury Car) for its luxurious cabin and 429 horsepower performance.
The awards were determined by a seven-member editorial team who evaluated over 40 all-new and redesigned vehicles throughout the year.
Cars.com (NYSE: CARS) has acquired DealerClub, a reputation-based automotive digital wholesale auction platform, for approximately $25 million in cash with potential additional performance-based payments up to $88 million. The transaction, closed on January 23, 2025, advances Cars.com's Trade & Appraisal strategy and enables entry into the wholesale used car market valued at over $10B.
DealerClub, launched in 2024 by ACV Auctions founder Joe Neiman, serves over 650 dealer customers through a reputation-based system that promotes trust and minimizes disputes. The platform generates revenue primarily through transaction fees and will be integrated into the Cars Commerce platform to add dealer-to-dealer wholesale capabilities.
The acquisition is expected to have minimal revenue impact in 2025 and is not anticipated to be accretive to Adjusted EBITDA during the initial investment phase to scale DealerClub.
Cars Commerce (NYSE: CARS) has revealed new data highlighting the effectiveness of its connected platform. Dealers using multiple core capabilities of the platform receive up to 2x more leads and sell inventory 10% faster than those using single capabilities.
The platform's four core capabilities include: Marketplace, serving 25 million monthly shoppers; Digital Experience through Dealer Inspire, offering 40% more key events; Trade & Appraisal via AccuTrade, which completed 2.5 million appraisals in 2024 with 45% YoY growth in used-car acquisitions; and the Cars Commerce Media Network, which shows 5x higher conversion rates than Google audiences with 32% lower cost-per-click.
The company addresses dealers' top 2025 concerns: acquiring used vehicles profitably, targeting quality in-market shoppers, and differentiation from competitors.
Cars.com has released its 2025 Automotive Trends report, highlighting both challenges and opportunities in the automotive market. The average new-vehicle price has stabilized at $49,000, down from its peak of $50,300 in June 2023. While affordability remains a key concern, there's positive news as inventory of new vehicles under $30,000 increased by 42% year-over-year.
The used car market faces supply constraints due to reduced sales and leases in recent years. The definition of 'American-made' is evolving, influenced by the Inflation Reduction Act and potential new tariffs. In the EV sector, inventories grew 35% year-over-year, though new EVs remain $13,000 above average new car prices. Used EV prices have declined significantly, making them more accessible, while hybrid vehicles gain popularity as a compromise between traditional and electric vehicles.
Cars.com (NYSE: CARS) reported Q3 2024 results with revenue of $179.7 million, up 3.1% year-over-year. Net income reached $18.7 million ($0.28 per diluted share), compared to $4.5 million in Q3 2023. The company achieved notable growth in OEM and National revenue (+17% YoY) and maintained strong Adjusted EBITDA margin of 28.5%. Year-to-date net cash from operations increased 34% to $123 million. The company repurchased 1.2 million shares, representing 45% of quarterly free cash flow. Notable metrics include 19,255 dealer customers and monthly ARPD of $2,478.
Cars Commerce Inc (NYSE: CARS) announced it will release its third quarter 2024 financial results on Thursday, November 7, 2024. The company will host a conference call and live webcast at 8:00 a.m. CT/9:00 a.m. ET on the same day. CEO Alex Vetter and CFO Sonia Jain will lead the discussion. Investors can access the webcast at investor.cars.com, with a replay available afterward in the Events section of the Investor Relations website.