Cars.com Inc. Overview
Industry: Auto & Truck Dealerships
Sector: Consumer Cyclical
Cars.com Inc. operates as a digital marketplace and provides solutions for the automotive industry. Its platform connects car shoppers with sellers. The company, enable dealers and automotive manufacturers; connect sellers with ready-to-buy shoppers that provide financing tools with instant online loan screening and approvals; and empower shoppers with the resources and and digital tools needed to make car buying decisions. It also offers marketplace products, such as Marketplace subscription advertising; digital solutions, including website creation and platform hosting, vehicle acquisition and valuation, digital retailing, and review and reputation management; and media comprising display advertising, social selling, digital advertising, and in-market video services. As of December 31, 2022, the company served 19,506 dealer customers in 50 states, which included franchise and independent dealers, with digital and brick-and-mortar stores. Its customers are local car dealers, OEMs, and other national advertisers and lenders. Cars.com Inc. was founded in 1998 and is based in Chicago, Illinois. Cars.com Inc. operates as a digital marketplace and provides solutions for the automotive industry. Its platform connects car shoppers with sellers. The company, enable dealers and automotive manufacturers; connect sellers with ready-to-buy shoppers that provide financing tools with instant online l Read MoreCars.com Inc. is evaluated based on the investment philosophy and approach to stock market investing developed by renowned investor Warren Buffett. Companies with high ratings typically exhibit growing earnings, a substantial profit margin, conservative leverage, a consistently high return on equity, and a sustained practice of repurchasing their shares over the years.
Cars.com Inc.
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