Over 1 Year Ago
2 Min Read

Shares of CARS are trading -8% lower today. A quick overview:

Shares of Cars.com Inc (CARS) are trading -8% lower at a price of $11.07 at the time of this writing. While the Communication Services sector is having a slightly somber day in general, the company is trailing behind it's peers.

Cars.com Inc has been trading between a 52-week high of $19.09 and a 52-week low of $8.75. The stock has a market cap of $751 Million.

Cars.com Inc. is a leading digital marketplace and solutions provider for the automotive industry that connects car shoppers with sellers. Launched in 1998 with the flagship marketplace site Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers.


Cars.com Inc. 2022 Q2 - Results - Earnings Call Presentation (NYSE:CARS)
Seeking Alpha 08-05-22

Cars.com reports Q2 earnings beat; issues Q3 and 2H guidance
Seeking Alpha 08-03-22

PODCAST: Car-Buying in an Inflated Market with Jenni Newman
Kiplinger 08-02-22

When Will Car Prices Drop in 2022? 2023?
InvestorPlace 07-07-22

China’s BYD electric car outsells Tesla globally
Hespress English 07-06-22

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

ProfessorFrink1 - 36 upvotes - source
Most cars like this are on agreed value insurance for well over their actual value and the payout ends up being a substantial windfall. This is why people hate the rich. Source: have an exotic that was totaled out.

Dothemath2 - 23 upvotes - source
This is what I have been thinking. Supply chain issues is limited to chips and cars because of crypto mining but shelves are stocked, variety of goods and waste is as plentiful as ever! Inflation was caused by printing!

ProfessorFrink1 - 19 upvotes - source
Imagine you can afford a car like this. Now imagine that you can afford the insurance on it. Now imagine that the difference in monthly premium between having a $200,000 and a $250,000 declared value is maybe $30 a month. What would you do? You’d probably take the bet at the higher number. The premium is higher but for collector car insurance the difference is so little it doesn’t make sense to under insure your car. Pretty much everyone over insures them, especially people with cars like this.

pilesofcleanlaundry - 19 upvotes - source
And guns and cars.

ProfessorFrink1 - 13 upvotes - source
This is actually why for speciality cars you have collector insurance with agreed value. It’s tough to quantify the price of a rare or exceptionally nice specimen of a non-rare car. A 2001 BMW M5 might book at $10,000 but a nice example would trade for $35,000 - $40,000. With agreed value, you state the value you want to put on the car and the insurance company let’s you know if they’ll insure it for that amount. Once the policy is written, that is the amount you will get in the event of a total loss. It doesn’t matter if your car drops in value and is now worth $5,000.

ProfessorFrink1 - 13 upvotes - source
You should not. I worked many late night shifts at Wendy’s grinding up unsold burgers to put into the chili so that I could afford my cars.

flatulent-noodle - 11 upvotes - source
If only this would make the nissan Z a little cheaper just like the japanese cars in the 80s

myironlung6 - 10 upvotes - source
I was promised flying cars, hot robot sex dolls and utopian ideals. Instead I got climate change, anti vaxxers, potential nuclear war and kids eating tide pods and sautéing chicken in NyQuil

Strange-Scarcity - 9 upvotes - source
That’s only if one person does it. If 40% people in every city stood up, heck, maybe if 25% in every city stood up and started flipping cars… things would change.

fatzipper5 - 8 upvotes - source
But what if the peasant class gets really really angry and starts flipping cars? That will catch the attention of the ruling class to change things right??