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Why Cars.com Shares Soared in November

TheMotleyFool

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Shareholders of automotive marketplace platform Cars.com (NYSE: CARS) had a good month in November. The stock surged 28.1% for the month, according to data provided by S&P Global Market Intelligence. And it hasn't stopped there. The stock has gained another 12.5% so far in December.

There were multiple reasons for the recent surge in the shares. In early November, the company reported its third-quarter earnings. It showed further revenue growth, and it also continued to reduce its outstanding debt load. Cars.com also closed its acquisition of automotive fintech platform CreditIQ on Nov. 9, and it was announced that the stock would be joining the S&P SmallCap 600 index.

Source Fool.com

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