Cars.com (NYSE:CARS) tracks higher after posting a mixed Q1 report and reaffirming prior full-year revenue guidance of (~$628M to $675M vs. $649M consensus).

Q1 metrics: Average monthly unique visitors +16% to 22.4M, traffic +175 to 132.5M visits, dealer customers flat 19,300 vs. 19,921 a year ago, direct monthly average revenue per dealer +3% to $2,102.

In regard to the company’s review of strategic alternatives, Cars.com says it is engaged with “multiple parties.” A timetable has not been set for the conclusion of the review and the company doesn’t intend to comment further unless the board has approved a specific course of action.

Shares of CARS are up 0.91% to $21.91 vs. a 52-week trading range of $19.74 to $32.94.




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