CARS Stock Recent News

Cars.com (CARS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Nearly 60% of In-Market Car Shoppers are Willing to Pay More for a Vehicle if it Creates More U.S. Jobs CHICAGO , June 28, 2024 /PRNewswire/ -- Ahead of the Fourth of July holiday, car-shopping marketplace  Cars.com ® (NYSE: CARS) has revealed its 19th annual American-Made Index . Cars.com® experts independently evaluated more than 400 vehicles to generate this year's list of 100 vehicles contributing most to the U.S. economy in manufacturing, parts sourcing and employment.

I wasn't keen on writing about used car stocks to buy. But then I read an article from early June in the Wall Street Journal that was an interesting take on used car sales.

Over 50% of Vehicles on Index Assembled in Non-UAW-Represented Facilities in Southern U.S. U.S.-Based Auto Production Facilities Are Up 144% Since 2020 CHICAGO , June 18, 2024 /PRNewswire/ -- Car-shopping marketplace  Cars.com ™ (NYSE: CARS) today revealed its 19th annual American-Made Index . Cars.com experts independently evaluated more than 400 vehicles to generate this year's list of 100 vehicles contributing most to the U.S. economy in manufacturing, parts sourcing and employment.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Cars.com (CARS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

The mean of analysts' price targets for Cars.com (CARS) points to a 32.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Used-Car Market Moderates; Demand Drops 8%, Prices Decline 6% CHICAGO , May 16, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc ."), an audience-driven technology company empowering the automotive industry, today launched its April Industry Insights Report.

Cars.com (CARS) CEO Alex Vetter joins Oliver Renick to discuss Cars.com and its 1Q earnings. He talks about how 1Q dealer websites rose 22% year-over-year.