AP NEWS

Cars.com: 2Q Earnings Snapshot

August 8, 2018

CHICAGO (AP) _ Cars.com Inc. (CARS) on Wednesday reported second-quarter profit of $12.7 million.

The Chicago-based company said it had net income of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 48 cents per share.

The online automotive marketplace posted revenue of $168.5 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $169.7 million.

Cars.com shares have dropped almost 3 percent since the beginning of the year. The stock has climbed 14 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CARS at https://www.zacks.com/ap/CARS

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