Carscom

Here’s Why Cars.com Stock Is Bucking the Trend Today

By Betty C. Morrow 2 months ago

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 over 19%. 

So what

The surge in shares comes on the first trading day after it was announced that Cars.com stock will be added to the S&P SmallCap 600 index. That change won’t occur until Dec. 2, but a move into an index will cause some mutual and exchange-traded index funds to buy the shares. That has other investors jumping in ahead of them today. 

People shaking hands while one hands car keys to the other.

Image source: Getty Images.

Now what

Cars.com will replace DSP Group, which is being acquired by S&P MidCap 400 member Synaptics in a deal expected to close Dec. 2. Today’s surge in the share

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Cars.com Hosts Free, Live Virtual Education Session on Electric Vehicles as EV-Curious Population Grows

By Betty C. Morrow 2 months ago

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 EV ownership and answer live questions from consumers interested in EVs, which can also be submitted in advance. Registration is required at Live.cars.com.

“Cars.com bought its first plug-ins a decade ago, a Nissan Leaf and Chevrolet Volt, and we have since continued to evaluate scores of other electric models. Expanding beyond just how the cars drive, we live with EVs and test the range, as well as the cost and setup associated with home charging,” said Joe Wiesenfelder, Cars.com executive editor and EV expert. “With all the buzz surrounding EVs, our team will cover

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Cars.com Releases 2021 Car Seat Fit Report Card, Rating the Best Vehicles on the Market for Car Seat Safety — Only Four Make the Honor Roll

By Betty C. Morrow 3 months ago

CHICAGO, Sept. 27, 2021 /PRNewswire/ — Leading car shopping marketplace Cars.com (NYSE: CARS) today released its 2021 Car Seat Fit Report Card, providing parents and caregivers with essential information on which family vehicles best fit car seats for infants, toddlers and young children. This year, Cars.com compiled Car Seat Check scores for 51 vehicles evaluated over the last year by Cars.com’s certified child-passenger safety technicians.2 Cars.com assigned a letter grade to each of the 2021-22 vehicles evaluated. To view the complete list, visit Cars.com/news/car-seat-check.

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8952051-cars-dot-com-releases-2021-car-seat-fit-report-card/

Of the 51 vehicles evaluated, only four made the Honor Roll, achieving straight A’s in their Cars.com Car Seat Checks:

According to a national Cars.com survey, 56% of parents stated they have installed a car seat incorrectly, while 84% of parents find some level of the process ‘frustrating.’1 Cars.com’s Car Seat Fit Report Card,

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Inventory Shortages Drive Car Shoppers to Neighboring States: Cars.com Reports 10% of Recent Buyers Traveled Across State Lines to Purchase a Car | News

By Betty C. Morrow 8 months ago

– 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), nearly 10% of recent car buyers drove out of state to purchase their desired vehicle, with more than half (52%) of those traveling 25 miles, nearly 20% traveling 50 miles and 13% of buyers traveling more than 250 miles to a dealership due to ongoing new- and used-car inventory shortages.1 

“With the current auto inventory challenges, recent car buyers are going to great lengths to find the car they want,” said Kelsey Mays, Cars.com assistant managing editor, news. “I don’t anticipate this trend slowing down, either. Of consumers currently in the market and shopping for a car,

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