Shares of Cars.com (NYSE: CARS) were moving higher today after the online auto retailer posted better-than-expected results in its fourth quarter.

As of 12:17 p.m. ET, the stock was up 10.7%.

Revenue in the quarter rose 6% to $168.2 million, which topped estimates at $166.2 million. That top-line growth was driven by a 5% increase in monthly unique visitors to 24.6 million, while traffic, or total visits, was also up 5% to 24.6 million. Monthly average revenue per dealer increased by 1% to $2,361.

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Source Fool.com