Cars.com Inc. and tronc Agree to Early Conversion of Affiliate Markets (2024)

CARS.COM INC.

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Cars.com Inc.

Equities

CARS

US14575E1055

Internet Services

Market Closed - Nyse Other stock markets 16:00:02 2024-04-26 EDT			5-day change	1st Jan Change
17.02 ^USD	+0.77%		+3.53%	-10.28%

03-11	Cars.com Insider Sold Shares Worth $299,663, According to a Recent SEC Filing	MT
03-07	Cars.com Insider Sold Shares Worth $293,431, According to a Recent SEC Filing	MT

January 30, 2018 at 08:00 am

Cars.com Inc. announced an agreement to convert tronc's eight affiliate markets into Cars.com's direct retail channel, effective February 1, 2018. The converting markets include Los Angeles and Chicago, the nation's second and new vehicle sales in 2017, according to Cars.com's data, which is aligned with Nielsen's household DMA statistics. More than 2,000 dealer customers will convert from tronc's affiliate network into Cars.com's direct sales channel. Upon conversion, tronc's sales and support teams will also join Cars.com, facilitating an accelerated and seamless transition of the markets and the opportunity for Cars.com to directly offer its full suite of digital solutions for the benefit of dealer customers.

Latest news about Cars.com Inc.

Cars.com Insider Sold Shares Worth $299,663, According to a Recent SEC Filing	03-11	MT
Cars.com Insider Sold Shares Worth $293,431, According to a Recent SEC Filing	03-07	MT
Tranche Update on Cars.com Inc.'s Equity Buyback Plan announced on February 24, 2022.	02-22	CI
Cars.com Shares Down After Q4 Earnings Fall	02-22	MT
Transcript : Cars.com Inc., Q4 2023 Earnings Call, Feb 22, 2024	02-22
Earnings Flash (CARS) CARS COMMERCE Reports Q4 Revenue $179.6M, vs. Street Est of $178.4M	02-22	MT
Cars.com Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024	02-22	CI
Cars.com Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	02-22	CI
Cars.com Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	02-22	CI
Cars.com Insider Sold Shares Worth $335,654, According to a Recent SEC Filing	02-16	MT
Cars.com Insider Sold Shares Worth $335,654, According to a Recent SEC Filing	02-14	MT
Cars.com Insider Sold Shares Worth $745,538, According to a Recent SEC Filing	11-15	MT
Cars.com Insider Sold Shares Worth $267,254, According to a Recent SEC Filing	11-13	MT
Cars.com Insider Sold Shares Worth $183,703, According to a Recent SEC Filing	11-13	MT
UBS Trims Cars.com Price Target to $19 From $20, Maintains Neutral Rating	11-03	MT
B. Riley Lifts Cars.com's PT to $27 From $26 After Better-Than-Expected Q3 Results, Q4 Margin View; Keeps Buy Rating	11-03	MT
Cars.com Buys D2C Media	11-02	MT
Transcript : Cars.com Inc., Q3 2023 Earnings Call, Nov 02, 2023	11-02
Tranche Update on Cars.com Inc.'s Equity Buyback Plan announced on February 24, 2022.	11-02	CI
Cars.Com Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023	11-02	CI
Earnings Flash (CARS) CARS.COM Posts Q3 Revenue $174.3M, vs. Street Est of $173M	11-02	MT
Cars.com Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-02	CI
Cars.com Inc. acquired D2C Media Inc. for approximately $110 million.	11-01	CI
Cars.com Rebrands Itself as Cars Commerce	23-10-17	MT
JPMorgan Adjusts Price Target on Cars.com to $25 From $24, Maintains Overweight Rating	23-10-16	MT

Chart Cars.com Inc.

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Company Profile

Cars.com Inc., doing business as Cars Commerce Inc., is an audience-driven technology company. It is engaged in car buying and selling with products, solutions and artificial intelligence (AI)-driven technologies that span pretail, retail and post-sale activities. The Cars Commerce platform is organized around four brands: the flagship automotive marketplace and dealer reputation site Cars.com, digital retail technology and marketing services from Dealer Inspire, essential trade-in and appraisal technology from AccuTrade, and media solutions from the Cars Commerce Media Network. It enables shoppers with the data, resources and digital tools needed to make informed buying decisions and connect with automotive retailers. Cars.com enables dealerships and original equipment manufacturers with solutions and data-driven intelligence. Its products and solutions have attracted approximately 19,500 franchise and independent dealer customers across the United States and Canada to its platform.

Sector

Internet Services

Calendar

2024-05-09 - Q1 2024 Earnings Release

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Ratings for Cars.com Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

17.02USD

Average target price

24.08USD

Spread / Average Target

+41.50%

Consensus

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Quarterly earnings - Rate of surprise

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Cars.com Inc. and tronc Agree to Early Conversion of Affiliate Markets

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