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Cars.com Inc (CARS.N)

CARS.N on New York Stock Exchange

8.60USD
18 Sep 2020
Change (% chg)

$-0.12 (-1.38%)
Prev Close
$8.72
Open
$8.79
Day's High
$8.81
Day's Low
$8.26
Volume
673,898
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319,074
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$13.55
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$3.25

Latest Key Developments (Source: Significant Developments)

Cars Reports Q2 Adjusted Earnings Per Share $0.12
Thursday, 30 Jul 2020 

July 30 (Reuters) - Cars.com Inc ::CARS REPORTS SECOND QUARTER 2020 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.12.Q2 LOSS PER SHARE $0.37.Q2 REVENUE $102 MILLION VERSUS REFINITIV IBES ESTIMATE OF $95.3 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $-0.38 -- REFINITIV IBES DATA.QTRLY TRAFFIC (VISITS) OF 144.0 MILLION, UP 10% YEAR OVER YEAR.QTRLY MONTHLY AVERAGE REVENUE PER DEALER WAS $1,442, DOWN 33% YEAR OVER YEAR.  Full Article

CARS Reports First Quarter 2020 Results
Wednesday, 6 May 2020 

May 6 (Reuters) - Cars.com Inc ::CARS REPORTS FIRST QUARTER 2020 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.32.Q1 GAAP LOSS PER SHARE $11.76.Q1 REVENUE $148.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $144.3 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.24 -- REFINITIV IBES DATA.PRODUCT AGILITY & ORGANIC TRAFFIC BENEFIT DEALERS DURING COVID-19 RESTRICTIONS.INCREASED LIQUIDITY TO PROVIDE FINANCIAL FLEXIBILITY.AVERAGE MONTHLY UNIQUE VISITORS OF 24.9 MILLION IN QUARTER, UP 11% YEAR OVER YEAR.DREW DOWN $165 MILLION ON CO'S REVOLVING CREDIT FACILITY FOR ADDITIONAL LIQUIDITY AND FLEXIBILITY.EFFECTS OF COVID-19 RESTRICTIONS HAVE AND WILL NEGATIVELY IMPACT RESULTS OF OPERATIONS, CASH FLOW AND FINANCIAL POSITION.  Full Article

Cars.Com Says To Suspend 2020 Guidance
Tuesday, 24 Mar 2020 

March 23 (Reuters) - Cars.com Inc ::PRUDENT TO SUSPEND OUR 2020 GUIDANCE AT THIS TIME.TAKEN IMMEDIATE ACTIONS TO MITIGATE IMPACT ON OUR FINANCIAL PERFORMANCE.PRUDENT DRAW DOWN ON OUR REVOLVING CREDIT FACILITY TO PROVIDE ADDITIONAL LIQUIDITY OF $165 MILLION.  Full Article

Cars.com Posts Q4 GAAP Loss Per Share Of $0.06
Wednesday, 26 Feb 2020 

Feb 26 (Reuters) - Cars.com Inc ::CARS REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 GAAP LOSS PER SHARE $0.06.Q4 REVENUE $152.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $152.9 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.37 -- REFINITIV IBES DATA.2020 EXIT RATE ANTICIPATED TO YIELD SOLID GROWTH IN REVENUE AND ADJUSTED EBITDA.QTRLY ADJUSTED EARNINGS PER SHARE $0.63.  Full Article

Goldman Sachs Asset Management LP Reports 5.1% Passive Stake In Cars.Com Inc
Friday, 31 Jan 2020 

Jan 31 (Reuters) - Cars.com Inc ::GOLDMAN SACHS ASSET MANAGEMENT LP REPORTS 5.1% PASSIVE STAKE IN CARS.COM INC AS OF DECEMBER 31, 2019 - SEC FILING.  Full Article

Cars.com Announces CFO Resignation, Jandy Tomy Named Interim finance chief
Tuesday, 17 Dec 2019 

Dec 16 (Reuters) - Cars.com Inc ::. ANNOUNCES CFO RESIGNATION; JANDY TOMY NAMED INTERIM CHIEF FINANCIAL OFFICER.SAYS CFO BECKY SHEEHAN RESIGNED.COMPANY REITERATES 2019 GUIDANCE.FY2019 EARNINGS PER SHARE VIEW $1.31, REVENUE VIEW $607.4 MILLION -- REFINITIV IBES DATA.A SEARCH FIRM HAS BEEN RETAINED TO FILL PERMANENT CFO POSITION..CARS.COM - BECKY SHEEHAN WILL LEAVE COMPANY TO PURSUE NEW OPPORTUNITY WITH A PRIVATE EQUITY PORTFOLIO CO.  Full Article

Cars.com Names Dean Evans As Executive Vice President
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - Cars.com Inc ::CARS NAMES PROVEN AUTOMOTIVE AND MARKETING INNOVATOR DEAN EVANS AS EXECUTIVE VICE PRESIDENT.CARS.COM INC - PRIOR TO JOINING CARS, EVANS WAS CMO OF HYUNDAI MOTOR AMERICA.  Full Article

Cars.Com Q3 Loss Per Share $6.38
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - Cars.com Inc ::CARS.COM REPORTS THIRD QUARTER 2019 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.32.Q3 LOSS PER SHARE $6.38.Q3 REVENUE $152.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $149.9 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.36 -- REFINITIV IBES DATA.SEES FY 2019 REVENUE DOWN 6 TO 9 PERCENT.QTRLY AVERAGE MONTHLY UNIQUE VISITORS OF 23.1 MILLION.QTRLY TRAFFIC (VISITS) OF 144.4 MILLION.QTRLY MOBILE TRAFFIC WAS 73% OF TOTAL TRAFFIC.RECORDED A NON-CASH GOODWILL AND INTANGIBLE ASSET IMPAIRMENT CHARGE OF $461.5 MILLION IN Q3.DOES NOT EXPECT Q3 IMPAIRMENT CHARGE TO HAVE ANY IMPACT ON FUTURE OPERATIONS.REAFFIRMS PREVIOUSLY COMMUNICATED 2019 OUTLOOK.FY2019 REVENUE VIEW $605.6 MILLION -- REFINITIV IBES DATA.  Full Article

Cars.Com Q2 Adjusted Earnings Per Share $0.30
Monday, 5 Aug 2019 

Cars.com Inc ::CARS.COM REPORTS SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.30.Q2 EARNINGS PER SHARE ESTIMATE $0.09 -- REFINITIV IBES DATA.Q2 LOSS PER SHARE $0.09.Q2 REVENUE $148.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $160.1 MILLION.SEES FY 2019 REVENUE DOWN 6 TO 9 PERCENT.2019 OUTLOOK REVISED.ON TRACK TO DELIVER MORE THAN $30 MILLION OF ANNUALIZED COST EFFICIENCIES.SEES FY ADJUSTED EBITDA MARGIN BETWEEN 27% AND 29%.FY2019 REVENUE VIEW $645.5 MILLION -- REFINITIV IBES DATA.QTRLY AVERAGE MONTHLY UNIQUE VISITORS OF 21.6 MILLION, UP 13% YEAR-OVER-YEAR.QTRLY MOBILE TRAFFIC WAS 71% OF TOTAL TRAFFIC, COMPARED TO 67% IN Q2 OF 2018.CARS.COM - REDUCTIONS IN OEM ADVERTISING, DELAYED OEM CERTIFICATIONS THAT FACILITATE SALES TO FRANCHISE DEALERS ON PREFERRED BASIS, IMPACTED 2019 OUTLOOK.CARS.COM - STRATEGY TO RETURN TO REVENUE GROWTH & ACHIEVE DOUBLE-DIGIT ADJUSTED EBITDA GROWTH IN 2020.  Full Article

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

BRIEF-Cars.Com Says To Suspend 2020 Guidance

* TAKEN IMMEDIATE ACTIONS TO MITIGATE IMPACT ON OUR FINANCIAL PERFORMANCE