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Cars.com Inc (CARS.N)

CARS.N on New York Stock Exchange

20.01USD
19 Jul 2019
Change (% chg)

$-0.14 (-0.69%)
Prev Close
$20.15
Open
$20.16
Day's High
$20.95
Day's Low
$20.00
Volume
203,620
Avg. Vol
268,909
52-wk High
$31.21
52-wk Low
$19.05

Latest Key Developments (Source: Significant Developments)

Cars.Com Reports Q1 Loss Per Share $0.13
Friday, 10 May 2019 

May 10 (Reuters) - Cars.com Inc ::CARS.COM REPORTS FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.31.Q1 LOSS PER SHARE $0.13.Q1 REVENUE $154.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $152.3 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.04 -- REFINITIV IBES DATA.QTRLY AVERAGE MONTHLY UNIQUE VISITORS OF 22.4 MILLION, UP 16% YEAR-OVER-YEAR.STRATEGIC ALTERNATIVES REVIEW PROCESS ONGOING.QTRLY DIRECT MONTHLY AVERAGE REVENUE PER DEALER ("ARPD") WAS $2,102, UP 3%.CONTINUES TO EXPECT A REVENUE RANGE IN 2019 BETWEEN A 5% DECLINE AND 2% GROWTH WITH ADJUSTED EBITDA MARGINS BETWEEN 30% AND 31%.CONTINUES TO EXPECT 2019 REVENUE RANGE IN 2019 BETWEEN A 5% DECLINE AND 2%.SEES 2019 ADJUSTED EBITDA MARGINS BETWEEN 30% AND 31%..PROCESS TO EXPLORE STRATEGIC ALTERNATIVES TO ENHANCE SHAREHOLDER VALUE IS ONGOING.ENGAGED WITH MULTIPLE PARTIES.FY2019 REVENUE VIEW $648.9 MILLION -- REFINITIV IBES DATA.  Full Article

Cars.Com Q4 Adjusted Earnings Per Share $0.50
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Cars.com Inc ::CARS.COM REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.50.Q4 REVENUE $164.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $166.8 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.23 -- REFINITIV IBES DATA.QTRLY NET INCOME $0.14 PER DILUTED SHARE.SEES FY 2019 REVENUE DOWN 5 PERCENT TO UP 2 PERCENT.IN 2020, 2021 EXPECTS TO ACHIEVE YEAR-OVER-YEAR REVENUE GROWTH BETWEEN 5% AND 12%.SEES 2019 ADJUSTED EBITDA MARGINS BETWEEN 30% AND 31%.FY2019 REVENUE VIEW $696.6 MILLION -- REFINITIV IBES DATA.STRATEGIC ALTERNATIVES REVIEW PROCESS ONGOING.  Full Article

Cars.com Says Shares Starboard's View That Co Had Constructive Dialogues With Them
Tuesday, 11 Dec 2018 

Dec 10 (Reuters) - Cars.com Inc ::CARS.COM ISSUES STATEMENT.CARS.COM - BOARD, MANAGEMENT OF CO ARE COMMITTED TO ACTING IN BEST INTERESTS OF COMPANY AND ITS STAKEHOLDERS TO ENHANCE SHAREHOLDER VALUE.REMAIN OPEN TO DIALOGUE WITH CO'S SHAREHOLDERS, INCLUDING STARBOARD, AS CO DEVELOPS LONG-TERM FINANCIAL GUIDANCE.CARS.COM - "WE SHARE STARBOARD'S VIEW THAT WE HAVE HAD A CONSTRUCTIVE DIALOGUE WITH THEM OVER PAST YEAR".  Full Article

Starboard Value LP Delivers Letter To Cars.com Board
Tuesday, 11 Dec 2018 

Dec 10 (Reuters) - Cars.com Inc ::STARBOARD DELIVERS LETTER TO CARS.COM BOARD OF DIRECTORS.STARBOARD VALUE LP - URGES CARS.COM BOARD TO TAKE ALL NECESSARY ACTIONS, INCLUDING EXPLORING POTENTIAL SALE OF CO .STARBOARD VALUE LP SAYS BELIEVES CARS.COM SHOULD GENERATE ABOUT $4 PER SHARE OF ADJUSTED FREE CASH FLOW BY END OF 2020.STARBOARD VALUE LP - BELIEVES CARS.COM IS "DEEPLY UNDERVALUED" AND HAS SUBSTANTIAL OPPORTUNITY FOR OPERATIONAL IMPROVEMENT.STARBOARD VALUE LP - TOGETHER WITH ITS AFFILIATES CURRENTLY OWNS SLIGHTLY LESS THAN 10.0% OF SHARES OUTSTANDING OF CARS.COM, INC..  Full Article

Cars.Com Announces $200 Million Share Repurchase Program
Thursday, 22 Mar 2018 

March 22 (Reuters) - Cars.Com Inc ::CARS.COM ANNOUNCES $200 MILLION SHARE REPURCHASE PROGRAM.CARS.COM INC - CO INTENDS TO FUND SHARE REPURCHASE PROGRAM WITH CASH FROM OPERATIONS​.CARS.COM INC - REPURCHASE PROGRAM HAS A TWO-YEAR DURATION, DOES NOT REQUIRE PURCHASE OF ANY MINIMUM NUMBER OF SHARES.  Full Article

Cars.Com Reports Q4 Adjusted Earnings Per Share of $0.48
Tuesday, 6 Mar 2018 

March 6 (Reuters) - Cars.Com Inc ::CARS.COM REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.48.Q4 EARNINGS PER SHARE $2.11.Q4 REVENUE $156.6 MILLION VERSUS $161.7 MILLION.EXPECTS TO ACHIEVE APPROXIMATELY 10% TO 11% REVENUE GROWTH IN 2018.EXPECTS TO ACHIEVE APPROXIMATELY 10% TO 11% REVENUE GROWTH IN 2018.CONTINUES TO EXPECT ACQUISITION OF DEALER INSPIRE AND LDM TO BE ACCRETIVE TO ADJUSTED NET INCOME PER SHARE IN 2018 AND TO GAAP EPS IN 2019.EXCLUDING ACQUISITION, ADJUSTED EBITDA MARGIN IS EXPECTED TO BE APPROXIMATELY 35% IN 2018.NET INCOME FOR 2017 INCLUDES TAX BENEFIT OF $131.0 MILLION PRIMARILY ASSOCIATED WITH ADJUSTMENT OF DEFERRED TAX LIABILITIES.  Full Article

Starboard Value Sent Letter To Cars.Com Nominating 4 Director Candidates‍​
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Cars.Com Inc ::STARBOARD VALUE LP SAYS ON FEB 22, STARBOARD V&O FUND DELIVERED LETTER TO CARS.COM NOMINATING 4 DIRECTOR CANDIDATES‍​ - SEC FILING.  Full Article

Starboard Value Reports 8.9 Pct Stake In Cars.Com Inc
Saturday, 17 Feb 2018 

Feb 16 (Reuters) - Cars.Com Inc ::STARBOARD VALUE LP REPORTS 8.9 PERCENT STAKE IN CARS.COM INC AS OF FEB 14 VERSUS A STAKE OF 7.0 PERCENT AS OF JAN 9 - SEC FILING.  Full Article

Cars.Com Inc Expects 2017 Annual Revenue Of About $626 Mln
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Cars.Com Inc ::‍CARS.COM EXPECTS 2017 ANNUAL REVENUE OF APPROXIMATELY $626 MILLION, NET INCOME OF APPROXIMATELY $242 MILLION​.‍COMPANY EXPECTS TO ACHIEVE APPROXIMATELY 10 TO 11 PERCENT REVENUE GROWTH IN 2018​.‍2018 ADJUSTED EBITDA MARGIN IS EXPECTED TO BE APPROXIMATELY 34 PERCENT (EXCLUDING ACQUISITION​.‍2018 ADJUSTED EBITDA MARGIN IS EXPECTED TO BE APPROXIMATELY 35 PERCENT​.‍DEALER INSPIRE AND LDM ARE EXPECTED TO DELIVER APPROXIMATELY 15 PERCENT ADJUSTED EBITDA MARGIN IN 2018​.FY2017 REVENUE VIEW $627.2 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $639.4 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Cars.Com Announces The Acquisition Of Dealer Inspire And Launch Digital Marketing
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Cars.Com Inc ::CARS.COM ANNOUNCES THE ACQUISITION OF DEALER INSPIRE AND LAUNCH DIGITAL MARKETING.CARS.COM INC - DEAL FOR $165 MILLION IN CASH.CARS.COM INC - DEAL INCLUDES POTENTIAL ADDITIONAL CONSIDERATION BASED ON FUTURE PERFORMANCE.CARS.COM - ADDITIONAL INCENTIVES UP TO $40 MILLION FOR OVER-PERFORMANCE OVER THREE-YEAR PERIOD AVAILABLE AS PART OF DEAL.CARS.COM INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO ADJUSTED NET INCOME PER SHARE IN 2018.CARS.COM INC - EXPECTS TO ACHIEVE ABOUT 10 TO 11 PERCENT REVENUE GROWTH IN 2018.CARS.COM - CO EXPECTS TO SELL BETWEEN $25 MILLION AND $30 MILLION OF ANNUAL INCREMENTAL REVENUE THROUGH ITS EXISTING SALES TEAM.CARS.COM INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO GAAP EPS IN 2019.CARS.COM INC - DEALER INSPIRE AND LDM ARE EXPECTED TO DELIVER APPROXIMATELY 15 PERCENT ADJUSTED EBITDA MARGIN IN 2018.  Full Article