Cars.com Inc is a comprehensive online automotive marketplace that connects car buyers and sellers, offering a platform for new and used vehicle listings, dealer services, and consumer resources
The company provides a suite of tools and services designed to simplify the car shopping experience, including reviews, research materials, and financing options. By leveraging technology and data-driven insights, Cars.com helps users make informed decisions throughout the car purchasing process while also assisting dealerships in reaching a wider audience and enhancing their online presence.
When it comes to used cars in the United States, CarMax Inc. (NYSEKMX) stands out as the largest used car dealership. The auto/tires/trucks sector giant opera
Cars.com has been treading water for the past six months, recording a small loss of 4.3% while holding steady at $18.50. The stock also fell short of the S&P 500’s 12.7% gain during that period.
Online new and used car marketplace Cars.com (NYSECARS) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3.1% year on year to $179.7 million. Its GAAP profit of $0.28 per share was 352% above analysts’ consensus estimates.
Investor risk sentiment is showing greater conviction on Thursday, with all indices and major stock sectors in the green, after Wall Street failed to hold onto opening gains and closed in the red the previous day.
U.S. stocks are set for a mixed start on Thursday as concerns regarding the economy and incremental yen carry trade unwinding remain an undercurrent. Traders may be keen to receive the jobless claims report, given the recent sell-off kickstarted last Thursday, partly due to a spike in the data.
Market participants remain attentive to several factors shaping the day's trading landscape, including scheduled Fed speeches, weekly jobless claims data, and private-sector activity readings.
