Cars.com slides after downbeat 2025 revenue forecast

Cars.com

27/02/2025 16:23

** Digital automotive marketplace Cars.com's CARS.N shares dip ~18.6% to $12.45

** CARS forecasts 2025 revenue in range of $745 mln to $755 mln, below analysts' avg. estimate of $756.4 mln - data compiled by LSEG

** Co expects Q1 revenue to be between $178 mln and $181 mln, below estimates of $185 mln

** CARS reports Q4 revenue of $180.4 mln, compared with $179.6 mln a year ago

** Four of 7 brokerages rate stock "buy" or higher, two "hold" and one "sell"; their median PT is $21 - LSEG data

** Including session's moves, stock down ~27.6% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))