RTTNews | Nov 26, 2021 10:38AM EST

10:38 Friday, November 26, 2021 (RTTNews.com) - Shares of Cars.com Inc. (CARS) are trading 17% higher on Friday morning than the closing price of Wednesday.

The company, that operates as a digital market place for new as well as old cars, is set join in the S&P SmallCap 600 before the opening of trading on December 2.

Early this month, Cars.com reported 8% revenue growth in the third quarter at $156.6 million.

For the fourth quarter, the company expects revenue in the range of $157.5 million - $159.5 million. The consensus estimate of analysts surveyed by Thomson Reuters stands at $158.37 million.

CARS, currently at $15.68, touched a new high this morning at $15.85

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