Cars.com Inc
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Communication Services : Interactive Media & Services | Small Cap Value
Company profile

Cars.com Inc. owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers. Cars.com offers a digital automotive marketplace search engine that helps car buyers to make informed purchasing decisions and helps sellers to engage with a portion of their target customer base. This online automotive marketplace service connects buyers and sellers across five Websites: Cars.com, Auto.com, DealerRater.com, NewCars.com and PickupTrucks.com. Its automotive marketplace products also include credible user and automotive and dealer reviews. It is also engaged in the sale of display advertising to national advertisers. Car buyers and car owners interface with Cars.com primarily through the Cars.com sites and mobile applications.

Closing Price
$8.60
Day's Change
-0.12 (-1.38%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.83
Day's Low
8.26
Volume
(Heavy Day)
Volume:
1,534,844

10-day average volume:
957,369
1,534,844

UPDATE: Genius Brands stock jumps after Arnold Schwarzenegger announced as 'significant investor'

6:10 pm ET June 15, 2020 (MarketWatch)
Print

By Tomi Kilgore, MarketWatch

Schwarzenegger agrees to accept warrants to buy stock as an advance as he stars in, coproduces 'Stan Lee's Superhero Kindergarten'

Shares of Genius Brands International Inc. surged on heavy volume Monday, after the kids media company announced that Arnold Schwarzenegger has agreed to become a "significant investor."

The announcement comes as the company's new Kartoon Channel! launches (https://www.gnusbrands.com/kartoonchannel) on multiple streaming platforms, including Dish, Amazon Prime, Apple TV, Sling TV and Comcast's Xfinity on Demand.

The stock(GNUS) powered up 8.7% to close at $4.52, but pared earlier gains of as much as 20%. Trading volume heavy at 117.9 million shares, compared with the full-day average of about 79 million shares.

Schwarzenegger has elected to receive warrants to buy Genius Brands common stock, as an advance on his profit participation (http://www.marketwatch.com/story/genius-brands-stock-surges-after-arnold-schwarzenegger-enters-agreement-to-be-significant-investor-2020-06-15) in the show "Stan Lee's Superhero Kindergarten (https://www.superherokindergarten.com/)," which he is starring in and co-producing. The show is expected to premiere in the U.S. in 2021 on Amazon Prime.

The company said any further payouts to Schwarzenegger are expected to be in cash.

"His tens of millions of followers on Facebook, Instagram and Twitter will bring not only a devoted following to the series, but to Genius Brands overall," Chief Executive Andy Heyward wrote in a letter to shareholders (https://ir.gnusbrands.com/press-releases/detail/1070/genius-brands-international-inc-issues-shareholder-letter). "This, added to millions of Stan Lee followers, puts rocket fuel in our Genius Brands' tanks, and it would be impossible to overstate the importance of this event."

The stock has been in the spotlight of late, as it has skyrocketed more than 2,000% over the past three months. The stock closed at a 5-year high on June 3, before starting to pull back last week after the company registered for the sale of up to 60.1 million shares of stock (http://www.marketwatch.com/story/genius-brands-stock-dives-into-negative-territory-after-registering-for-stock-sales-2020-06-04) by selling stockholders. The company also recently announced significant hires (http://www.marketwatch.com/story/genius-brands-announces-important-hires-for-kartoon-channel-stock-extends-pullback-2020-06-05) to run its Kartoon Channel!.

Don't miss: Genius Brands stock rockets more than 2,400% in a month, ahead of 'important news' in coming days (http://www.marketwatch.com/story/genius-brands-stock-rockets-more-than-2000-in-a-month-ahead-of-important-news-in-coming-days-2020-06-03).

Genius Brands said "Superhero Kindergarten" was one of the final projects of Stan Lee, the celebrated comic-book creator who died in 2018, and was known for working on TV shows such as "Agents of S.H.I.E.L.D.," "Guardians of the Galaxy" and "Avengers Assemble."

The show will also be co-produced by Genius Brands with China-based Alibaba Group Holding Ltd.(9988.HK) , Lee's POW! Entertainment and Schwarzenegger's Oak Productions. The show will be scripted by Fabian Nicienza, the co-creator of "Deadpool."

"I am honored to help realize Stan's vision of creating a children's cartoon series that not only entertains with superhero adventures, but also imparts valuable lessons about the importance of health, exercise, nutrition, antibullying, and diversity," Schwarzenegger said.

Genius Brands' stock has now soared 1,919.7% in three months, while the S&P 500 index has gained 13.1%.

--Jeremy Owens contributed to this report.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 15, 2020 18:10 ET (22:10 GMT)

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