Why Are Cars.com Shares Trading Higher Today?

  • Cars.com Inc CARS will replace DSP Group Inc DSPG in the S&P SmallCap 600 before the opening of trading on December 2.
  • S&P MidCap 400 constituent Synaptics Inc SYNA is acquiring DSP Group in a deal likely to be completed by December 2.
  • Cars.com is an online destination for buying and selling new and used vehicles.
  • Recently, Cars.com reported third-quarter FY21 revenue of $156.55 million, up 8% year-on-year, above the consensus of $156.28 million. EPS was $0.03 versus $(0.18) last year.
  • Cars.com sees Q4 revenue of $157.5 million - $159.5 million versus the consensus of $159.15 million.
  • Price Action: CARS shares traded higher by 7.44% at $14.30 in the premarket session on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsSmall CapMoversTechTrading IdeasBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!