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Why Are Cars.com Shares Trading Higher Today?

Cars.com Inc will replace DSP Group Inc in the S&P SmallCap 600 before the opening of trading on December 2.S&P MidCap 400 constituent Synaptics Inc is acquiring DSP Group in a deal likely to be completed by December 2.Cars.com is an online destination for buying and selling new and used vehicles.Recently, Cars.com reported third-quarter FY21 revenue of $156.55 million, up 8% year-on-year, above the consensus of $156.28 million. EPS was $0.03 versus $ last year.Cars.com sees Q4 revenue of $157.5
Why Are Cars.com Shares Trading Higher Today?

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