Why Cars.com's Stock Is Trading Higher Today

Cars.com CARS shares are trading higher on Tuesday after the company announced an amendment to its existing credit facility, providing the company with increased flexibility.

Cars.com 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.

Cars.com shares were trading up 6.13% at $6.66 at the time of publication on Tuesday. The stock has a 52-week high of $22.25 and a 52-week low of $3.25.

Related Link:

Cars.com Falls 30% After Sales Miss, Guidance Cut