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Cars com Inc   (CARS)
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Price: $16.8500 $0.13 0.778%
Day's High: $17.07 Week Perf: -0.88 %
Day's Low: $ 16.64 30 Day Perf: -5.66 %
Volume (M): 455 52 Wk High: $ 22.84
Volume (M$): $ 7,665 52 Wk Avg: $18.56
Open: $16.85 52 Wk Low: $14.82



 Market Capitalization (Millions $) 1,154
 Shares Outstanding (Millions) 69
 Employees 1,100
 Revenues (TTM) (Millions $) 678
 Net Income (TTM) (Millions $) 120
 Cash Flow (TTM) (Millions $) 17
 Capital Exp. (TTM) (Millions $) 21

Cars Com Inc

Cars.com is a leading two-sided digital automotive marketplace that creates meaningful connections between consumers (individuals researching cars or looking to purchase a car) and partners or customers (car dealerships and automotive original equipment manufacturers (“OEMs”). While connecting advertising partners with in-market car shoppers and providing data-driven intelligence to increase inventory turn and gain market share, the Company empowers consumers with resources and information to assist them in making better informed buying decisions around The 4Ps of Automotive MarketingTM: Product, Price, Place and Person. The Company has evolved into one of the largest digital automotive platforms, connecting tens of thousands of local dealers across the country with millions of consumers. Through trusted expert content, on-the-lot mobile features and intelligence, millions of new and used vehicle listings, a comprehensive set of pricing and research tools, and the largest database of consumer reviews in the industry, we believe Cars.com is transforming the car shopping experience.

We generate revenues primarily through the sale of online subscription advertising products targeting car dealerships through our own direct sales force, as well as through our affiliate sales channels. We host approximately 4.9 million new and used vehicle listings at any given time and serve over 20,000 franchise and independent car dealers throughout all 50 states. We also generate revenue through the sale of digital advertising products to national advertisers.

Cars.com was established in 1998 as a division of Classified Ventures, LLC, a joint venture formed by eight leading media companies, to provide nationally branded online services for classified advertising marketplaces. On October 1, 2014, TEGNA Inc. (“TEGNA”), our former parent company, purchased 73% of the equity interests in Classified Ventures, LLC it did not previously own for $1.8 billion in cash. In August 2016, we expanded our editorial presence through the acquisition of DMR Holdings, Inc. (“DealerRater”) which provided us with new solutions to help car dealerships and OEMs manage, measure and harness the power of social media. On May 31, 2017, we completed a spin-off from TEGNA and on June 1, 2017, our common stock began trading “regular way” on the New York Stock Exchange (the “NYSE”). In February 2018, we completed the acquisition of privately held Dealer Inspire Inc. (“DI”) and Launch Digital Marketing (“LDM”). DI is an innovative technology leader that has been rapidly increasing its market share by providing progressive dealer websites, digital retailing and messaging platform products. LDM is a provider of digital automotive marketing services, including paid, organic, social and creative services. These proprietary solutions are complementary extensions of the Company’s online marketplace platform and current suite of dealer solutions. We now have broader capabilities and even more data-driven tools to create deeper connections between car dealerships and in-market car shoppers. Cars.com, DI and LDM thrive on a culture of innovation, and are in pursuit of a common mission to enable the dealer retail system with sophisticated digital tools that transform the car shopping experience for consumers. The 2017 financial results reported in this report do not include the impacts from the acquisitions of DI and LDM.

In 2005, we added a direct sales team to join our affiliate sales team, which was on board as a result of our media partners. To better serve our growing consumer audience and drive more traffic, we developed an editorial team made up of industry experts who launched robust, objective automotive information for car shoppers. By 2010, all major OEMs selling vehicles in the United States were advertising on Cars.com.

We were the first in our industry to launch a mobile application (“application” or “app”) in 2007 and we continue to outpace the industry in mobile today. The Cars.com app is rated #1 for both iOS and Android devices and our active app users are the highest in the competitive set. It is not uncommon that with media and technology businesses, user behavior and migration typically precedes advertiser rewards, and we are positioned well to win. Over half of all auto advertising is spent on traditional media where proof of impact is relatively scarce. Traditionally, dealers rely solely on lead-generation metrics where consumers provide their contact information. Today, consumers are using mobile devices to shop anonymously. Accordingly, we track traditional leads, which are connections from consumers to dealers in the form of phone calls, emails and text messages, traffic to dealers in OEM websites and, most recently, mobile walk-ins through our Lot Insights reporting tool, which is the first of its kind in the industry. Using geo-fencing technology, we are able to track Cars.com consumers on or near a dealer’s lot which delivers valuable insights and demonstrable value of the influence that we have on mobile shoppers to dealer advertisers. It will take time for us to educate the industry and transition forward to measuring consumer behavior in this manner.

The automotive industry is a massive market for the U.S. economy. The U.S Census Bureau estimates the industry to have been $1.2 trillion in 2017, with dealers accounting for at least 85% of all vehicles sold according to the Borrell Associates’ 2017 Automotive Outlook report. The automotive industry represents over 20% of the U.S. retail economy. In 2017, according to research conducted by the National Automobile Dealers Association (“NADA”), new vehicle sales were 17.1 million units. However, the core of the U.S. auto economy is the used vehicles market. In 2017, according to NADA and other industry research, used vehicle sales are projected to have exceeded 44 million units.

We offer a suite of digital solutions targeting buyers and sellers of automobiles and automobile services. Our flagship product is our digital automotive marketplace that connects buyers and sellers on Cars.com™. Our automotive marketplace products provide a compelling destination for consumers through extensive inventory, intelligent pricing tools and credible user and expert automotive and dealer reviews, which further empower consumer decision-making. This unique content garners a highly-engaged audience that is open to influence from automotive advertisers. We also operate Auto.com™, DealerRater.com®, NewCars.com® and PickupTrucks.com™, which are specialized websites directed toward different consumer segments. With the acquisition of DI and LDM in February 2018, we now also have DealerInspire.com® and LaunchDigitalMarketing.com® as part of our portfolio.

We primarily generate revenues through the sale of online subscription advertising products to car dealerships by our own direct sales force (retail revenue), as well as through our affiliate sales channels (wholesale revenue). Additionally, we generate revenue through the sale of display advertising to national advertisers.

Consumer Value Propositions

Car buyers and car owners interface with us primarily through the Cars.com sites and mobile applications, where we strive to provide a best-in-class car search and shopping experience. Our real-time behavioral data, and insights from nearly 20 years of consumer data enable us to deliver an experience that is defined by relevance for the user. We are continually optimizing our platform to deliver intelligent search functionality and guided navigation that helps users find the right car faster. We also feature contextual, dynamic filters that help consumers better search inventory based on their needs. Powered by a custom algorithm, we offer “Best Match” sorting that weights multiple factors to arrive at search recommendations most relevant for each specific user.

At our core, we provide car shoppers with access to information critical to making a buying decision based on the 4P’s of Automotive Marketing™: Product, Price, Place and Person. We are creating market-leading innovations to enhance the consumer experience and empower consumers with all the information they require — what to buy (product), what to pay (price), where to buy (place) and who to buy from (person).

Product

Considering 70% of our shoppers are undecided on what to buy, we give them access to inventory. Consumers can browse through nearly 5 million new and used vehicle listings and learn more about each vehicle listed through the VDP. Shoppers can gather more in-depth information on our research pages. Our editorial team tests, reviews and photographs more than 100 different car makes and models every year and creates independent and unbiased coverage of the automotive landscape by focusing on consumer advice, trends and analysis. We provide expert advice on a wide array of car buying topics, such as incentive information, financing options and fuel economy, thereby allowing consumers to choose their future vehicles based on the automobile characteristics that are most important to them.

Price

Approximately 61% of car shoppers cite pricing as the most useful content from third-party websites. Considering a vehicle is the second largest purchase most consumers will make in their lifetime, consumers want to know whether they are getting a fair deal. Our Price Comparison Graphs provide context around the price of a new or used vehicle and educate shoppers on how factors such as trim, mileage and certification impact the price of a vehicle in their market. Our price badges take this one step further by featuring badge icons on the inventory pages to help provide more context behind why a vehicle is priced the way it is. Badging leverages machine learning to assess the closest comparable vehicle and considers vehicle features either in high-demand for the region or those that impact the price beyond year, make, model and trim.

Place

Almost all of our shoppers (approximately 94%) have not yet decided on a dealer. We create meaningful connections between buyers and sellers. We offer millions of dealer reviews for consumers to select the best dealership to do business with based on their preferred experience.

Person

The two most crucial people in the automotive purchase decision are the shopper and the salesperson. People buy from people. Even as consumers have access to more digital research tools, the final decision about buying and servicing a car still comes down to a shopper’s interaction with a person. As the purchase decision becomes more complicated, this personal interaction is more essential than ever. Each year, car manufacturers launch more than a thousand make, model and trim combinations. These factors help explain why car buyers would prefer to select their salesperson before walking into the dealership. These person-to-person interactions are so critical to the purchase decision that our VDPs were recently updated to include Salesperson Connect, a feature that showcases salespeople profiles which are populated from the DealerRater network. Through Salesperson Connect, we have now made it possible for shoppers to select and connect with salespeople directly through our marketplace before they walk onto a car dealership sales lot. As a result, shoppers enjoy a more personalized experience with the dealership and dealers are better connected with in-market shoppers who are motivated to buy.

Advertiser Services

Our network of approximately 20,000 dealerships produce listings of approximately 4.9 million vehicles across the Cars.com sites and mobile applications. Our brand and products offer dealerships access to more than 33 million monthly visits from consumers who are looking to buy, sell or service a vehicle. Our integrated consumer product offerings on the Cars.com sites and mobile applications target not only car buyers, but also car sellers and car owners. Through these product offerings, dealers can advertise both their inventory of new and used vehicles, as well as their service departments, while gaining access to an audience of motivated consumers looking for a convenient way to sell a car.

Dealerships.

We offer a monthly online subscription enabling dealers to showcase their new and used vehicle inventory to in-market shoppers. Vehicles for sale are highlighted with multiple photos, videos and vehicle specifications and consumers are but a few clicks away from contacting a dealer and moving further into the car buying process. To enhance their vehicle listings, dealers can purchase premium advertising that can be uniquely tailored to an individual dealer’s current needs. For example, Event Positions promote dealership events to all car shoppers in each market during a specific time frame. Our recently developed Lot Insights tool uses innovative geo-fencing to measure the influence that we have in connecting local in-market car shoppers to local dealers by tracking our mobile users on or near a dealer’s lot.



   Company Address: 300 S. Riverside Plaza Chicago 60606 IL
   Company Phone Number: 601-5000   Stock Exchange / Ticker: NYSE CARS
   


   

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Cars Com Inc

Cars Com Inc Reports Strong Earnings Boosted by $1.85 Million in Income Tax Provisions


As the third quarter of 2023 comes to an end, Cars Com Inc has reported positive financial results, showing promising signs of growth. Despite some challenges and areas for improvement, the company's performance over the past year has been commendable.
One notable highlight is Cars Com Inc's positive income of $0.07 per share for the July to September 2023 financial span, compared to a loss of $-0.04 per share the previous year. This signifies a significant turnaround and speaks to the company's ability to adapt and capitalize on market opportunities.

Cars Com Inc

Cars Com Inc Skyrockets with $93.08 Million Tax Refund and Soaring 1612.5% EPS Boost!



Cars Com Inc, a leading Cloud Computing & Data Analytics company, has recently achieved remarkable financial results, with its shares recording a solid gain of 5.26% in the past five trading days. Moreover, the company's shares have surged by 64.81% in 2023, reaching their 52-week high. These achievements can be attributed to the company's admirable bottom-line earnings and moderate revenue growth during the April to June 30, 2023 period. However, a closer analysis of the financial results raises questions about the potential future impact on Cars Com Inc.
Impressive Bottom-Line Earnings:
During the April to June 30, 2023 period, Cars Com Inc experienced a staggering surge in its earnings per share (EPS) by 1612.5%, reaching $1.37 per share. This exceptional growth reflects the company's ability to successfully monetize its operations and generate robust profitability. The net income for the fiscal time-frame ending June 30, 2023, stood at $94.126 million, indicating a remarkable 1597.49% increase compared to the previous year. These impressive bottom-line earnings signify the company's strong financial position and its potential for sustained growth.

Cars Com Inc

Cars Com Inc. Sees Impressive 5.601% Revenue Growth, Bolstering Investor Confidence

Cars Com Inc. has reported impressive financial results in its first quarter of 2023, and investors have every reason to be bullish about the company's future prospects. The company's earnings per share have seen a significant improvement of 183.33% to $0.17 per share compared to $0.06 a year ago, and earnings per share have advanced by 10.2% from $0.15 per share in the previous quarter. These figures clearly indicate that Cars Com Inc. is heading in the right direction and delivering value to its customers and shareholders.
The company's revenue grew by 5.601% to $167.07 million from $158.21 million in the comparable quarter a year ago, and sequentially revenue decreased by -0.674% from $168.20 million. Despite this slight decrease, Cars Com Inc has demonstrated its ability to navigate changes in the market and maintain strong financial performance. The net income of $11.479 million in the financial first quarter of 2023 increased by 164.49% from net earnings of $4.340 million reported in the financial first quarter of 2023 a year ago. These figures are a testament to the company's ability to generate revenue and manage costs effectively.






 

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