Recap: Cars.com Q2 Earnings

Shares of Cars.com CARS moved higher by 12% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 60.00% over the past year to $0.12, which beat the estimate of ($0.38).

Revenue of $102,009,000 declined by 31.17% from the same period last year, which beat the estimate of $95,250,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 30, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.cars.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2405905&sessionid=1&key=E6EC5915BEA9A5ACA166C788C414037C&regTag=&sourcepage=register

Technicals

52-week high: $20.02

52-week low: $3.25

Price action over last quarter: Up 30.16%

Company Description

Cars.com Inc is an online destination for buying and selling of new and used vehicles. The company also operates Auto.com, DealerRater.com, NewCars.com and PickupTrucks.com, websites directed towards different consumer segments.