Edition:
United States

Cars.com Inc (CARS.N)

CARS.N on New York Stock Exchange

28.25USD
3:54pm EDT
Change (% chg)

$-0.51 (-1.77%)
Prev Close
$28.76
Open
$28.53
Day's High
$28.87
Day's Low
$28.08
Volume
160,191
Avg. Vol
335,829
52-wk High
$32.26
52-wk Low
$20.95

Latest Key Developments (Source: Significant Developments)

Cars.Com Announces $200 Million Share Repurchase Program
Thursday, 22 Mar 2018 09:07am EDT 

March 22 (Reuters) - Cars.Com Inc ::CARS.COM ANNOUNCES $200 MILLION SHARE REPURCHASE PROGRAM.CARS.COM INC - CO INTENDS TO FUND SHARE REPURCHASE PROGRAM WITH CASH FROM OPERATIONS​.CARS.COM INC - REPURCHASE PROGRAM HAS A TWO-YEAR DURATION, DOES NOT REQUIRE PURCHASE OF ANY MINIMUM NUMBER OF SHARES.  Full Article

Cars.Com Reports Q4 Adjusted Earnings Per Share of $0.48
Tuesday, 6 Mar 2018 07:00am EST 

March 6 (Reuters) - Cars.Com Inc ::CARS.COM REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.48.Q4 EARNINGS PER SHARE $2.11.Q4 REVENUE $156.6 MILLION VERSUS $161.7 MILLION.EXPECTS TO ACHIEVE APPROXIMATELY 10% TO 11% REVENUE GROWTH IN 2018.EXPECTS TO ACHIEVE APPROXIMATELY 10% TO 11% REVENUE GROWTH IN 2018.CONTINUES TO EXPECT ACQUISITION OF DEALER INSPIRE AND LDM TO BE ACCRETIVE TO ADJUSTED NET INCOME PER SHARE IN 2018 AND TO GAAP EPS IN 2019.EXCLUDING ACQUISITION, ADJUSTED EBITDA MARGIN IS EXPECTED TO BE APPROXIMATELY 35% IN 2018.NET INCOME FOR 2017 INCLUDES TAX BENEFIT OF $131.0 MILLION PRIMARILY ASSOCIATED WITH ADJUSTMENT OF DEFERRED TAX LIABILITIES.  Full Article

Starboard Value Sent Letter To Cars.Com Nominating 4 Director Candidates‍​
Friday, 23 Feb 2018 09:10am EST 

Feb 23 (Reuters) - Cars.Com Inc ::STARBOARD VALUE LP SAYS ON FEB 22, STARBOARD V&O FUND DELIVERED LETTER TO CARS.COM NOMINATING 4 DIRECTOR CANDIDATES‍​ - SEC FILING.  Full Article

Starboard Value Reports 8.9 Pct Stake In Cars.Com Inc
Friday, 16 Feb 2018 05:29pm EST 

Feb 16 (Reuters) - Cars.Com Inc ::STARBOARD VALUE LP REPORTS 8.9 PERCENT STAKE IN CARS.COM INC AS OF FEB 14 VERSUS A STAKE OF 7.0 PERCENT AS OF JAN 9 - SEC FILING.  Full Article

Cars.Com Inc Expects 2017 Annual Revenue Of About $626 Mln
Wednesday, 14 Feb 2018 07:54am EST 

Feb 14 (Reuters) - Cars.Com Inc ::‍CARS.COM EXPECTS 2017 ANNUAL REVENUE OF APPROXIMATELY $626 MILLION, NET INCOME OF APPROXIMATELY $242 MILLION​.‍COMPANY EXPECTS TO ACHIEVE APPROXIMATELY 10 TO 11 PERCENT REVENUE GROWTH IN 2018​.‍2018 ADJUSTED EBITDA MARGIN IS EXPECTED TO BE APPROXIMATELY 34 PERCENT (EXCLUDING ACQUISITION​.‍2018 ADJUSTED EBITDA MARGIN IS EXPECTED TO BE APPROXIMATELY 35 PERCENT​.‍DEALER INSPIRE AND LDM ARE EXPECTED TO DELIVER APPROXIMATELY 15 PERCENT ADJUSTED EBITDA MARGIN IN 2018​.FY2017 REVENUE VIEW $627.2 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $639.4 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Cars.Com Announces The Acquisition Of Dealer Inspire And Launch Digital Marketing
Wednesday, 14 Feb 2018 07:30am EST 

Feb 14 (Reuters) - Cars.Com Inc ::CARS.COM ANNOUNCES THE ACQUISITION OF DEALER INSPIRE AND LAUNCH DIGITAL MARKETING.CARS.COM INC - DEAL FOR $165 MILLION IN CASH.CARS.COM INC - DEAL INCLUDES POTENTIAL ADDITIONAL CONSIDERATION BASED ON FUTURE PERFORMANCE.CARS.COM - ADDITIONAL INCENTIVES UP TO $40 MILLION FOR OVER-PERFORMANCE OVER THREE-YEAR PERIOD AVAILABLE AS PART OF DEAL.CARS.COM INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO ADJUSTED NET INCOME PER SHARE IN 2018.CARS.COM INC - EXPECTS TO ACHIEVE ABOUT 10 TO 11 PERCENT REVENUE GROWTH IN 2018.CARS.COM - CO EXPECTS TO SELL BETWEEN $25 MILLION AND $30 MILLION OF ANNUAL INCREMENTAL REVENUE THROUGH ITS EXISTING SALES TEAM.CARS.COM INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO GAAP EPS IN 2019.CARS.COM INC - DEALER INSPIRE AND LDM ARE EXPECTED TO DELIVER APPROXIMATELY 15 PERCENT ADJUSTED EBITDA MARGIN IN 2018.  Full Article

Cars.com Says Size Of Board Of Directors Increased From Seven Members To Eight Members
Monday, 8 Jan 2018 05:45pm EST 

Jan 8 (Reuters) - Cars.com Inc ::CARS.COM SAYS ‍ON JAN 5 CORPORATE GOVERNANCE COMMITTEE OF BOARD INCREASED SIZE OF BOARD FROM SEVEN MEMBERS TO EIGHT MEMBERS - SEC FILING​.  Full Article

Cars.com, Mcclatchy Announced Deal To Convert Remaining 17 Affiliate Markets Into Co's Direct Sales Channel​
Thursday, 4 Jan 2018 08:00am EST 

Jan 4 (Reuters) - Cars.Com Inc ::CARS.COM- ‍CO, MCCLATCHY ANNOUNCED DEAL TO CONVERT REMAINING 17 AFFILIATE MARKETS INTO CO'S DIRECT SALES CHANNEL BEFORE OCT 2019 AGREEMENT EXPIRATION ​.CARS.COM INC - ‍NEW AGREEMENT WITH MCCLATCHY INCLUDES MARKETING SUPPORT PAYMENTS THROUGH 2019.CARS.COM INC - ‍EARLY TRANSITION IS EXPECTED TO INCREASE 2018 REVENUE BY ABOUT 1 PERCENT WITH FULL UPLIFT EXPECTED TO BE REALIZED BY END OF 2019​.  Full Article

Starboard Value Reports 9.9 Pct Stake In Cars.Com - SEC Filing
Monday, 18 Dec 2017 05:36pm EST 

Dec 18 (Reuters) - Cars.Com Inc ::STARBOARD VALUE LP REPORTS 9.9 PERCENT STAKE IN CARS.COM INC AS ON DECEMBER 6 - SEC FILING.STARBOARD VALUE - PURCHASED THE SHARES BASED ON BELIEF THAT SHARES, WHEN PURCHASED, WERE "UNDERVALUED" & REPRESENTED AN "ATTRACTIVE INVESTMENT OPPORTUNITY".  Full Article

Cars.com reports Q3 adjusted earnings per share $0.48
Wednesday, 8 Nov 2017 07:00am EST 

Nov 8 (Reuters) - Cars.com Inc :Cars.com reports third quarter 2017 results.Q3 adjusted earnings per share $0.48.Q3 earnings per share $0.29.Q3 revenue $159.9 million versus $162.3 million.Sees FY 2017 revenue down about 1 percent.  Full Article

BRIEF-Cars.Com Inc Says In Accordance With Starboard Agreement Increased Size Of Board From 8 To 10

* CARS.COM INC - PURSUANT TO AGREEMENT, DATED MARCH 22, BETWEEN CO, STARBOARD, CO'S BOARD INCREASED SIZE OF BOARD FROM 8 TO 10 - SEC FILING