Pandemic takes toll on Cars.com Q2 revenue, profit

The financial toll of the coronavirus pandemic contributed to lower income and earnings for Autos.com in the 2nd quarter, as the business supplied discount rates to dealerships and cut fees to offset the income hit.

The Chicago business, which presents dealership know-how and motor vehicle listings companies, documented Thursday that it posted a deeper internet loss in the quarter ended June thirty than a calendar year in the past — $24.6 million, compared with $6 million in the 2nd quarter of 2019.

Profits fell 31 p.c in the 2nd quarter to $102 million, which the business reported typically was attributed

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