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Cars.com Inc. (NYSE:CARS) announced Monday that Matthew Crawford, the company’s Chief Product and Innovation Officer, has notified the company of his intention to resign. According to a statement released in a Securities and Exchange Commission filing, Crawford will leave the company effective November 28, 2025, to pursue another opportunity outside of Cars.com.
The company stated that Crawford will support the transition plan as it begins the search for his successor. No further details regarding the transition or the search process were provided in the filing.
This information is based on a statement included in a recent SEC filing by Cars.com.
In other recent news, Cars.com reported its second-quarter 2025 earnings, which showed a slight miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.41, just below the anticipated $0.42, and reported revenue of $178.7 million, slightly under the expected $179.47 million. Additionally, DA Davidson recently adjusted its price target for Cars.com to $13.00 from $13.50, maintaining a Buy rating. This adjustment was due to more cautious assumptions regarding Average Revenue Per Dealer (ARPD) for 2026, leading to a 1% reduction in their forecasts for that year. However, DA Davidson’s estimates for 2025 remain unchanged. These developments highlight the ongoing financial assessments and market expectations for Cars.com.
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