James Rogers is a Financial Columnist for MarketWatch.
Cars.com Inc.
stock rose 2.3% in premarket trades Thursday after the online automobile marketplace swung to a third-quarter profit. The company reported third-quarter net income of $4.5 million, or 7 cents a share, after a net loss of $2.9 million, or 4 cents a share, in the prior year’s quarter. Revenue grew 6% year-over-year to $174.3 million. Analysts surveyed by FactSet expected Cars.com to earn 35 cents a share on revenue of $172.8 million. Cars.
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