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Cars.com Inc (CARS.N)

CARS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cars.Com Says Restructuring Of Product And Technology Team That Has Eliminated About 70 Positions
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Cars.com Inc ::CARS.COM INC - RESTRUCTURING OF PRODUCT AND TECHNOLOGY TEAM THAT HAS ELIMINATED APPROXIMATELY 70 POSITIONS.CARS.COM INC - AS PART OF TRANSFORMATION, FRED LEE TO BE PROMOTED TO CHIEF TECHNOLOGY OFFICER, DAVE DOMM WILL BE PROMOTED TO CHIEF PRODUCT OFFICER.CARS.COM - ESTIMATE PRE-TAX COSTS FOR RESTRUCTURING ACTION TO BE IN RANGE OF ABOUT $8 TO $10 MILLION, EXPECT TO RECORD IN 2019.  Full Article

Cars.Com Inc - On Dec 12, 2018, restructured sales team, eliminated about 100 sales positions - SEC Filing
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Cars.com Inc ::CARS.COM INC - ON DEC 12, 2018, RESTRUCTURED SALES TEAM, ELIMINATED ABOUT 100 SALES POSITIONS - SEC FILING.CARS.COM INC - SEES PRE-TAX COSTS OF ABOUT $4 MILLION TO $5 MILLION FROM WORKFORCE REDUCTION, TO RECORD CHARGE IN QUARTER ENDING DEC 31, 2018.  Full Article

Cars.com Says Size Of Board Of Directors Increased From Seven Members To Eight Members
Monday, 8 Jan 2018 

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 

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 

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 

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

Catalus Capital LLC reports 6 percent stake in Cars.Com Inc
Saturday, 26 Aug 2017 

Aug 25 (Reuters) - Catalus Capital LLC::Catalus capital llc reports 6 percent stake in cars.com inc as on August 25, 2017 .‍catalus Capital management​ says it acquired the shares for the purpose of acquiring a significant equity position in Cars.Com.Catalus Capital - may engage in communications with management of Cars.Com​ about ownership structure, management team, board composition, among others.  Full Article