Cars.com Inc.

RARE ULTIMATE SERIES MCLAREN SENNA EPITOMISES THE SPIRIT OF THE FAMOUS FORMULA ONE DRIVER | LAFERRARI REPRESENTS THE PINNACLE OF FERRARI PERFORMANCE AND ENGINEERING, OFFERED WITHOUT RESERVE | LAMBORGHINI GALLARDO LP570-4 SUPERLEGGERA CREATED A LASTING LEGACY FOR THE SANT'AGATA MARQUE | BROAD ARROW'S ZÜRICH AUCTION TAKES PLACE AT THE HISTORIC DOLDER GRAND ON 7 NOVEMBER 2026 IN PARTNERSHIP WITH AUTO ZÜRICH RARE ULTIMATE SERIES MCLAREN SENNA EPITOMISES THE SPIRIT OF THE FAMOUS FORMULA ONE DRIVER | LAFERRARI REPRESENTS THE PINNACLE OF FERRARI PERFORMANCE AND ENGINEERING, OFFERED WITHOUT RESERVE | LAMBORGHINI GALLARDO LP570-4 SUPERLEGGERA CREATED A LASTING LEGACY FOR THE SANT'AGATA MARQUE | BROAD ARROW'S ZÜRICH AUCTION TAKES PLACE AT THE HISTORIC DOLDER GRAND ON 7 NOVEMBER 2026 IN PARTNERSHIP WITH AUTO ZÜRICH

California State Teachers Retirement System lowered its stake in Cars.com Inc. (NYSE: CARS) by 50.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,294 shares of the company's stock after selling 51,516 shares during the quarter. California State Teachers Retirement System

Cars.com NYSE: CARS reported second-quarter revenue growth and higher profitability as marketplace subscription gains offset a decline in OEM and national advertising revenue, while management reaffirmed its full-year outlook.

Cars.com remains a value trap despite a recent 10% rally, as fundamentals continue to deteriorate. Declining double-digit traffic and sequential dealer churn undermine CARS's core business and brand positioning. A tough macro backdrop, including rising used vehicle prices and weaker consumer demand, further pressures CARS' sales volumes.