Cars.com started at hold at Benchmark
Cars.com started at hold at Benchmark
Close | Chg | Chg % | |
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$29.73 | 0.01 | 0.03% | 0.01 0.03% |
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Cars.com started at hold at Benchmark
Cars.com Inc. CARS reported its fourth-quarter earnings Tuesday premarket. Here's what you need to know: EARNINGS: The auto marketplace reported net income of $151.8 million. On an adjusted basis, which excludes the impact of the new U.S. tax law, the company earned $34.2 million, or 48 cents a share.
Cars.com Inc. and media company Tronc Inc. said on Tuesday that they've agreed to a deal to convert Tronc's eight affiliate markets, including Los Angeles and Chicago, into Cars.com's direct retail channel. Los Angeles and Chicago are two of the nation's top markets for new car sales. Cars.com said in a news release that Tronc represents 37% of Cars.com's wholesale revenue. The agreement, which will see more than 2,000 car deal customers move to Cars.com, will take effect Feb. 1. Tronc's sales and support teams will also join Cars.com to help with the transition. The deal also includes a multi-year advertising and marketing agreement between Cars.com and Tronc. "This mutually beneficial new agreement with Cars.com is expected to improve our bottom line and allow us to pursue other strategic initiatives," Tronc Chief Executive Justin Dearborn said in a statement. Shares of Tronc are up 59% in the last 12 months, while the S&P 500 index is up more than 25% and the Dow Jones Industrial Average is up more than 32%. Cars.com went public in June 2017 after spinning off from Tenga Inc. . Shares are up 24% in the last three months.
Plus, 6 other big investors’ big moves in their holdings.
A missed ranking and two misplaced share evaluations.
Plus, cautions on Cars.com and Casa Systems.
Among the companies with shares expected to trade actively in Monday's session are Target, CVS Health, McDonald's, Netflix, United Parcel Service and 3M.
Starboard Value is taking a step further as an activist investor in Cars.com and has nominated four people it wants to be named to the board of the car-search engine company at its annual meeting next month.
Plus other positive takes—on Mondelez International, Palo Alto Networks, HubSpot, and Cars.com.
Plus, seven other firms file holdings changes with the SEC.
Luzich Partners Llc Buys Green Plains Inc, FormFactor Inc, Innodata Inc, Sells Atlantica Yield PLC, Conn's Inc, Cars.com Inc
Cars.com Inc Stock Surges on Q4 Profit Beat
Trapeze Asset Management Q4 2017 Commentary - 'It's Never One Thing'
Liberty Interactive's (QVCA) fourth-quarter 2017 results benefit from QVC US as well as International and zulily segments. The buyout of HSN boosts the company's online portfolio.
Starboard Value is taking a step further as an activist investor in Cars.com and has nominated four people it wants to be named to the board of the car-search engine company at its annual meeting next month.
The holiday season is the biggest for all retailers, and electronically-enabled commerce is no different.
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DealerRater Enhances Salesperson Connect, Features Employee Profiles on Cars.com
Dealer Inspire Unveils New Voice Search Technology and Inventory Management System for Dealers
Cars.com Launches Social Targeting Product, Integrates AI Chat Solution at NADA 2018
Cars.com Announces Sachin Gadhvi as Vice President of Growth Marketing
Cars.com Reports Fourth Quarter and Full Year 2017 Results
Free Research Reports on These Auto Dealerships Stocks -- Cars.com, Carvana, Copart, and Penske Automotive
Cars.com Announces Close of Director Nomination Period
Recent Analysis Shows Immersion, Ryerson Holding, MGM Growth Properties, Hawaiian, Cars, and Trinity Industries Market Influences -- Renewed Outlook, Key Drivers of Growth
Cars.com to Announce Fourth Quarter and Full Year 2017 Financial Results
Blog Exposure - Cars.com Announces Acquisition of Dealer Inspire and Launch Digital Marketing; Set to Expand its Online Marketplace Portfolio
Cars.com Announces the Acquisition of Dealer Inspire and Launch Digital Marketing
Cars.com Receives Three Major Industry Awards
Big Game Auto Commercials Inspire Immediate Consumer Engagement On Cars.com
Cars.com and tronc Agree to Early Conversion of Affiliate Markets
Winners Announced for 2018 DealerRater Dealer of the Year Awards
What's Happening With These Auto Dealerships Stocks? -- Cars.com, Carvana, CarMax, and Penske Automotive
Cars.com Appoints Bala Subramanian to Board of Directors
Cars.com and McClatchy Accelerate Affiliate Market Transition
Cars.com, Inc. engages in the provision of automotive products and services through online automotive classifieds. It offers a digital automotive marketplace search engine which connects buyers and sellers. It also sells online subscription advertising products to car dealerships. The company was founded by Mitch Golub, William Swislow, and Alex Vetter in 1998 and is headquartered in Chicago, IL. (See Full Profile)
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