Dealership technology company Cars.com posted a $6 million net loss in the fourth quarter, which it said was primarily related to its November acquisition of automotive financial technology company CreditIQ. The Chicago-based company said Thursday that the net loss for the quarter ended Dec. 31 compared with net income of […]
Carscom
CARS.COM TRAFFIC BOOM CONFIRMS ELECTRIC VEHICLES WERE THE REAL MVPS OF LAST NIGHT’S BIG GAME CHICAGO, Feb. 14, 2022 /PRNewswire/ — Shoppers flocked to Cars.comTM (NYSE: CARS), the car shopping marketplace, last night following automakers’ TV commercials that aired during one of the world’s most-watched sporting events. The number of auto commercials […]
Automotive marketplace platform Cars.com is finalizing a deal to acquire 100% of the assets of Accu-Trade for $65 million in cash at closing, with the chance for additional cash and stock depending upon reaching particular financial thresholds. Accu-Trade’s assets include Galves Market Data and MADE Logistics, which includes real-time, VIN-specific […]
What happened Shares of automotive marketplace platform Cars.com (NYSE:CARS) are bucking the trend in the markets today. While the Dow Jones Industrial Average is dropping almost 1,000 points, or 2.75%, Cars.com stock is soaring. As of 11:39 a.m. ET, Cars.com shares were trading near highs of the day, up just […]
CHICAGO, Oct. 25, 2021 /PRNewswire/ — Leading online car-shopping marketplace Cars.com (NYSE: CARS) will help shoppers explore electric vehicle (EV) ownership with Cars.com’s Guide for the EV Curious, a free, live virtual event with the company’s team of automotive experts on Oct. 28 at noon CDT. Cars.com experts will share information about […]
CHICAGO, May 19, 2021 /PRNewswire/ — Americans are ready for the return of summer travel, according to Cars.comTM (NYSE: CARS), a leading digital automotive marketplace and solutions provider. More than half of Americans (60%) plan to get away this Memorial Day weekend, up more than 66% compared to last year, according […]
– June 10, 2021 Car Supply Shortage Squeezes Sellers and Shoppers as Cars.com Finds Nearly 1 in 3 Recent Buyers Drove 100 Miles or More for the Car They Want1 CHICAGO, June 10, 2021 — According to recent research from leading digital automotive marketplace and solutions provider Cars.comTM (NYSE: CARS), […]
– May 26, 2021 As inventory levels fall 33% for new and 28% for used cars, local dealers are paying consumers more for their used trade-in vehicles.1 CHICAGO, May 26, 2021 — Car shoppers are ready to take advantage of Memorial Day weekend deals — if they can find them, […]