Cars.com Inc., through its subsidiaries, operates as a digital automotive marketplace that connects car shoppers with sellers and original equipment manufacturers in the United States. The company's portfolio of brands includes Cars.com, Dealer Inspire and DealerRater, Auto.com, PickupTrucks.com, and NewCars.com. Its Cars.com platform consists of a website and mobile application with a database of 4.5 million new and used vehicle listings. As of December 31, 2019, it served 18,834 dealer customers, including franchise dealers and independent dealers. The company also offers subscription packages that provide the dealer customer's available new and used vehicle inventory to in-market shoppers on the Cars.com website; display advertising products; Social Selling products, such as Cars Social, Social Sales Drive, Social Extension, Social Link, and Social Data; and FUEL, a digital video solution that delivers relevant ads to local in-market shoppers on their device. In addition, it provides Website Platform Hosting services; reputation management solutions that enable dealers to build, measure, monitor, and manage their review programs; a digital retailing solution that allows shoppers to customize and compare payments across multiple vehicles to make real buying decisions with dealers' inventory; Roxanne, an event-based attribution and customer models; PRIZM, a dashboard with proactive data alerts; and AI Chat Tool. Cars.com Inc. was founded in 1998 and is based in Chicago, Illinois.
Cars.com (CARS) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 45.45%. A quarter ago, it was expected that this online automotive marketplace would post earnings of $0.31 per share when it actually produced earnings of $0.63, delivering a surprise of 103.23%.
