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Cars.com (CARS) CEO Alex Vetter joins Nicole Petallides to discuss the company's 4Q earnings. He talks about the auto industry trends, as well as the role technology plays in the auto industry.
The headline numbers for Cars.com (CARS) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Cars.com (CARS) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.15 per share a year ago.
CHICAGO , Feb. 12, 2024 /PRNewswire/ -- Cars.com Inc.(NYSE: CARS) (d/b/a "Cars Commerce Inc" or the "Company"), an audience-driven technology company empowering automotive, today announced that it expects to report its financial results for the fourth quarter and full year ended December 31, 2023, on Thursday, February 22, 2024. The Company will host a conference call with a live webcast at 8:00 a.m.
Cars.com Inc. (NYSE:CARS ) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Robbin Moore-Randolph - Director of Investor Relations Alex Vetter - Chief Executive Officer Sonia Jain - Chief Financial Officer Conference Call Participants Thomas White - D.A. Davidson Rajat Gupta - JPMorgan Naved Khan - B.
The headline numbers for Cars.com (CARS) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Cars.com Inc. CARS, -1.18% stock rose 2.3% in premarket trades Thursday after the online automobile marketplace swung to a third-quarter profit. The company reported third-quarter net income of $4.5 million, or 7 cents a share, after a net loss of $2.9 million, or 4 cents a share, in the prior year's quarter.
Cars.com is a leading automotive platform that has been facing challenges as a result of inventory shortages and long delays. However, with improving inventory, growing value-added services, and repricing initiatives, there is better visibility on CARS' ability to drive mid-single-digit growth and sustainable margins. We initiate at Buy and ascribe a target price of $19 at 9.3x EV/ Fwd EBITDA.
Cars.com Improves Guidance As Car Market Shifts (Rating Upgrade)
It should not be new information that, when the underlying business cycle turns for the better - or worse - certain groups of stocks tend to anticipate the turn and make their moves, large ones at that, before other pockets of the economy.