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BUZZ-Cars.com slides after downbeat 2025 revenue forecast

ReutersFeb 27, 2025 4:23 PM

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

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