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Tom White, senior research analyst at D.A. Davidson, joins 'The Exchange' to discuss how online auto advertisers like cars.com and CarGurus will benefit from the ongoing auto strike, what this strike means for auto dealers and more.
Remember when every car dealer on the street had no inventory and lead times extended up to a year for specific brands? The chip shortage causing supply bottlenecks in motor vehicles is taking a back seat to catch its breath and hopefully never come back into the arena.
With the second-quarter 2023 earnings season underway, many earnings reaction trends are taking place. Companies that beat earnings estimates and raise guidance usually see their stocks gap and go higher.
Tesla Inc. TSLA, +5.34% swept Cars.com's American-Made Index for 2023, with the Model Y leading the list for the second straight year, followed by three of Elon Musk's other electric vehicles. The Tesla Model 3 Sedan took second place, followed by the Model X SUV and the Model S sedan.
Marvin Fong, BTIG analyst, and CNBC Phil LeBeau, join 'The Exchange' to discuss a slowdown in used car sales, used car prices dropping lower, and growing availability for new cars.
Cars.com Inc. (NYSE:CARS ) Q1 2023 Results Conference Call May 4, 2023 9:00 AM ET Company Participants Robbin Moore-Randolph - Director, IR Alex Vetter - CEO Sonia Jain - CFO Conference Call Participants Thomas White - D.A. Davidson Gary Prestopino - Barrington Research Marvin Fong - BTIG Doug Arthur - Huber Research Operator Good morning, and welcome to the Cars First Quarter 2023 Earnings Conference Call.
First-quarter results met management's early 2023 forecast. Cars.com isn't seeing a meaningful uptick in automotive supply.
CHICAGO , April 20, 2023 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, today announced that it expects to report its financial results for the first quarter ended March 31, 2023, on Thursday, May 4, 2023. The Company will host a conference call with a live webcast at 8:00 a.m.
The online auto marketplace continues to surpass expectations.
Cars.com Inc. (NYSE:CARS ) Q4 2022 Earnings Conference Call February 23, 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 Tom White - D.A.