Cars.com

Cars.com, Inc. engages in the provision of automotive products and services through online automotive classifieds. It sells online subscription advertising products to car dealerships. The company was founded by Mitch Golub, William Swislow, and Alex Vetter in 1998 and is headquartered in Chicago, IL.

Earnings data Q1 2023

Earnings data Q2 2023

Cars.com, Inc. engages in the provision of an automotive marketplace platform and digital solutions that connect car shoppers with sellers. Its portfolio of brands includes Dealer Inspire, FUEL, DealerRater, CreditIQ, and NewCars.com. The company was founded by Mitch Golub, William Swislow, and T. Alex Vetter in 1998 and is headquartered in Chicago, IL.

"Responsiveness" and "Accountability" Give Award-Winning Dealers a Boost to the Top of This Year's List WALTHAM, Mass. , March 9, 2023 /PRNewswire/ --  DealerRater , a leading reputation management and car-dealer review platform and company of Cars.com Inc.  (NYSE: CARS), today announced its annual Dealer of the Year Awards (DOTY).

DealerRater Celebrates 2023 Dealer of the Year Award Winners: More Than 1 Million Car Buyers Last Year Rated Dealerships on the Best Customer Experience

The online auto marketplace continues to surpass expectations.

Why Cars.com Stock Is Rising 11% This Week

Cars.com Inc. (NYSE:CARS ) Q4 2022 Earnings Conference Call February 23, 2023 9:00 AM ET Company Participants Robbin Moore-Randolph - Director of Investor Relations. Alex Vetter - Chief Executive Officer Sonia Jain - Chief Financial Officer Conference Call Participants Tom White - D.A.

Cars.com Inc. (CARS) Q4 2022 Earnings Call Transcript

The online auto marketplace beat estimates on the top and bottom lines.

Why Cars.com Stock Popped Today

Cars.com (CARS) delivered earnings and revenue surprises of -21.05% and 0.77%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Cars.com (CARS) Q4 Earnings Miss Estimates

Exceeded Fourth Quarter Revenue Guidance Realized Meaningful Revenue Growth and ARPD from Dealer Solutions Generated $129MM of Operating Cash Flow, Driving Financial Flexibility CHICAGO , Feb. 23, 2023 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), the leading digital automotive platform that provides a robust set of digital solutions, today released its financial results for the fourth quarter and year ended December 31, 2022. Q4 2022 Financial and Key Metric Highlights Revenue of $168.2 million, up $9.9 million, or 6% year-over-year Net income of $10.3 million, or $0.15 per diluted share, compared to Net loss of $2.9 million, or ($0.04) per diluted share, in the prior year Adjusted EBITDA of $49.5 million, or 29% of revenue, up $2.7 million year-over-year Average Monthly Unique Visitors ("UVs") of 24.6 million, up 5% year-over-year Traffic ("Visits") of 140.4 million, up 5% year-over-year Monthly Average Revenue Per Dealer ("ARPD") of $2,361, up $28 from the prior year period Dealer Customers of 19,506 as of December 31, 2022, 79 lower compared to 19,585 as of September 30, 2022 and 327 higher compared to the prior year  2022 Full-Year Financial and Key Metric Highlights Revenue of $653.9 million, up $30.2 million, or 5% year-over-year Net income of $17.2 million, or $0.25 per diluted share, compared to Net income 1  of $10.8 million, or $0.15 per diluted share, in the prior year Adjusted EBITDA of $186.7 million, or 29% of revenue, compared to $189.2 million, or 30% of revenue in the prior year Net cash provided by operating activities of $128.5 million, compared to $138.0 million in the prior year, with Free cash flow of $108.8 million, compared to $118.8 million in the prior year UVs of 26.4 million, up 5% year-over-year Traffic of 587.4 million, down 1% year-over-year Operational Highlights Generated strong Operating cash flow enabling the Company to paydown $41.3 million of debt, bringing total net leverage to 2.4x, and returned capital to its shareholders by repurchasing 4.2 million shares for $49.0 million Grew Dealer Inspire website customers by more than 700, ending the year with 6,050 Strengthened the CARS platform with the launch of Accu-Trade Connected, ending the year with over 500 dealer customers into this solution "2022 marked a strong year of growth for our business as we helped consumers, dealers, OEMs and lenders in an environment that challenged many," said Alex Vetter, Chief Executive Officer of CARS.

CARS Reports Fourth Quarter and Full Year 2022 Results

Kia Is the MVP of the Night as Traffic Spiked 230% to Its Branded Pages on Cars.com 75% of Big Game's Car Ads Featured EVs, Leading to a 21% Increase Overall in EV Page Views on Cars.com CHICAGO , Feb. 13, 2023 /PRNewswire/ -- Football fans rushed to car-shopping marketplace  Cars.com ™ (NYSE: CARS) during and after Sunday's game to learn more about the vehicles advertised in its prime-time commercials with advertising automakers. Collectively, advertising automakers saw an 81% lift to pages on Cars.com.

AUTOMAKERS GET A 'BIG GAME BOOST' ON CARS.COM FOLLOWING PRIMETIME ADS, GAINING A COLLECTIVE 81% SPIKE IN TRAFFIC TO THEIR INVENTORY

CHICAGO, Feb. 9, 2023 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, today announced that it expects to report its financial results for the fourth quarter and full year ended December 31, 2022, on Thursday, February 23, 2023. The Company will host a conference call with a live webcast at 8:00 a.m.

CARS to Announce Fourth Quarter and Full Year 2022 Financial Results

Second-Gen Kia Niro Hits the Sweet Spot of Style, Value and Performance; List Boasts First-Ever 'Best SUV' Category CHICAGO , Feb. 7, 2023 /PRNewswire/ -- Car-shopping marketplace  Cars.com ™ (NYSE: CARS) today announced the winners of its annual Best Of awards program , which highlights winners in six categories: Best Family Car, Best Luxury Car, Best SUV, Best Electric Car, Best Pickup Truck, and the highest honor: Best Car of the Year. This year, Kia's 2023 Niro has earned the coveted Best Car of 2023 honor from an evaluation pool of all-new and significantly redesigned vehicles for the model year.

KIA CLINCHES TOP SPOT IN CARS.COM'S 2023 'BEST OF' AWARDS

Rio S (with Technology Package) Received Top Honors in the New Car Segment IRVINE, Calif. , Jan. 25, 2023 /PRNewswire/ -- Five select Kia models have been named to Cars.com's 2023 Best Value New Cars report, further cementing the brand's leadership position in offering award-winning vehicles at an incredible value.

FIVE KIA MODELS NAMED TO CARS.COM 2023 BEST VALUE NEW CARS REPORT

The company continues to demonstrate a stable level of operating profitability. Despite rising inflation and tightening macro policies, management is able to effectively manage costs.

Cars.com: Still Strong Trends And Upside Potential

Using Platform-Connected Data, CARS Offers Dealers a Free Preview of How to Maximize Their Trade-in Process, Brand Reputation and Targeted Marketing Efforts CHICAGO , Jan. 24, 2023 /PRNewswire/ -- With the Cars.com Inc . (NYSE: CARS) platform further strengthened by recently integrated companies such as Accu-Trade and CreditIQ, the richness and scope of its data offering continues to grow.

NEW DATA-DRIVEN, PERSONALIZED INSIGHTS REPORTS FROM CARS AVAILABLE AT THE 2023 NADA SHOW THIS WEEK, EMPOWER DEALERS WITH A COMPETITIVE EDGE

Kia, Chevy and Ford Offer Most Affordable New Cars for 2023; Chevy Leads for Trade-In Value 1 in 4 Shoppers Expect to Spend Less Than $20,000 on a New Car; the Median Price of New Cars Is More Than Double That CHICAGO , Jan. 23, 2023 /PRNewswire/ -- Affordability is top of mind for consumers as the new year starts, with less than half of Americans (46%) feeling financially confident and consumers citing a range of economic concerns including inflation, job insecurity and rising interest rates. 1 Financial concerns, however, are being met with pent-up demand for new vehicles from the inventory shortage that began in 2021 and is just now beginning to ease.

CARS.COM'S FIRST-EVER AFFORDABILITY REPORT PROVIDES GUIDANCE FOR VALUE-CONSCIOUS BUYERS

CARS Connected Platform Arms Retailers to Efficiently and Profitably Elevate the Retail Experience CHICAGO , Jan. 19, 2023 /PRNewswire/ -- As the automotive industry faces disruptions from ongoing inventory challenges and macroeconomic forces, auto retailers nationwide are focused on solving three core challenges in 2023, according to a recent survey by Cars.com Inc. (NYSE: CARS): Turn more used cars more profitably. Invest in better data to reach the right customers.

CARS BRINGS SOLUTIONS TO INDUSTRY'S TOP PAIN POINTS, IMPROVING PROFITABILITY, EFFICIENCY AND CUSTOMER EXPERIENCE

Nearly Half of Americans Who Prefer to Fly Are Opting to Road-Trip for the Holiday CHICAGO , Nov. 18, 2022 /PRNewswire/ -- A  Thanksgiving travel survey, conducted by car-shopping marketplace  Cars.com™ (NYSE: CARS), uncovered that more people are driving than flying this Thanksgiving due to growing frustration with weather delays, skyrocketing ticket prices and schedule disruptions associated with air travel. About half of respondents who have flown in the last six months say they've experienced some level of disruption, and of those, 63% say their experiences influenced their Thanksgiving travel plans.

TRADING THE SKY FOR THE HIGHWAY: CARS.COM SURVEY SHOWS MORE HOLIDAY TRAVELERS OPT TO ROAD-TRIP TO AVOID FLYING HASSLES

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Cars.com Inc. (NYSE:CARS ) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants Alex Vetter - CEO Sonia Jain - CFO Jandy Tomy - EVP, Finance & Treasurer Robbin Moore-Randolph - Director, IR Conference Call Participants Tom White - D.A. Davidson & Co. Naved Khan - Truist Securities Marvin Fong - BTIG Doug Arthur - Huber Research Partners Operator Good morning, and welcome to the CARS Third Quarter 2022 Earnings Conference Call.

Cars.com Inc. (CARS) Q3 2022 Earnings Call Transcript

Cars.com (CARS) delivered earnings and revenue surprises of -128.57% and 0.27%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Cars.com (CARS) Reports Q3 Loss, Tops Revenue Estimates

Continued Revenue and Customer Growth; Achieved Q3 Guidance Strong Operating Cash Flow to De-lever and Buy Back Shares CHICAGO , Nov. 3, 2022 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), the leading digital automotive platform that provides a robust set of digital solutions, today released its financial results for the third quarter ended September 30, 2022. Q3 2022 Financial and Key Metric Highlights Revenue of $164.6 million, up $8.0 million, or 5% year-over-year Net loss of $2.9 million, or $0.04 per diluted share, compared to Net income of $2.4 million, or $0.03 per diluted share, in the prior year Adjusted EBITDA of $49.9 million, or 30% of revenue, up $4.1 million, or 9% year-over-year Average Monthly Unique Visitors ("UVs") of 27.3 million, up 12% year-over-year Traffic ("Visits") of 150.4 million, up 6% year-over-year Monthly Average Revenue Per Dealer ("ARPD") of $2,334, compared to $2,332 in the prior year period Dealer Customers of 19,585 as of September 30, 2022, 68 higher compared to 19,517 as of June 30, 2022, and up 556, or 3%, compared to September 30, 2021 Operational Highlights Dealer adoption of Accu-Trade continues to gain momentum, ending the quarter with 430 Accu-Trade Connected customers, a 315 increase compared to June 30, 2022  Year-to-date net cash provided by Operating Activities was $91.3 million, with Free Cash Flow of $76.9 million Sonia Jain reappointed to the position of Chief Financial Officer and previous interim Chief Financial Officer Jandy Tomy promoted to Executive Vice President of Finance and Treasurer "Revenue momentum continued in the third quarter, driven by growth in traffic, dealer customers and increased adoption of Dealer Inspire and Accu-Trade solutions.

CARS Reports Third Quarter 2022 Results

Cars.com is an automotive online marketplace platform that connects car shoppers with sellers. Further investments in traffic and more research and development will likely lead to revenue growth and efficient performance.

Cars.com: Beneficial 2022 Guidance And An Affordable Stock Price

CHICAGO , Oct. 20, 2022 /PRNewswire/ --  Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), the leading automotive marketplace platform that provides a robust set of digital solutions, today announced that it expects to report its financial results for the third quarter ended September 30, 2022, on Thursday, November 3, 2022. The Company will host a conference call with a live webcast at 8:00 a.m.

CARS to Announce Third Quarter 2022 Financial Results

CHICAGO , Oct. 4, 2022 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), the leading automotive marketplace platform that provides a robust set of digital solutions, today announced that it has reappointed former executive Sonia Jain as its chief financial officer with effect October 17, 2022.  "We are thrilled to have Sonia back as we continue to invest for sustainable growth," said Alex Vetter, chief executive officer at CARS.

Sonia Jain Returns to CARS as Chief Financial Officer

As inflation raises MSRP the online portals get more competitive and margins get hit

Bear of the Day: Cars.com (CARS)

Half of Cars.com's Survey Respondents Say Recent Decreases in Gas Prices Have Caused Them to Change Labor Day Travel Plans, With 30% Reporting They Will Now Travel Farther CHICAGO , Aug. 29, 2022 /PRNewswire/ -- With air travel woes continuing and gas prices falling, a Labor Day travel survey conducted by car-shopping marketplace Cars.com™ (NYSE: CARS) reveals Americans are hitting the road for their final summer vacation. The survey found that of the 64% of respondents who plan to travel for Labor Day weekend, 80% will drive to their destination1.

Cars.com Reports 80% of Labor Day Travelers Opt to Drive This Holiday Weekend Due to Frequent Air Travel Disruptions and Lower Gas Prices

Almost half of parents have installed car seats incorrectly, while  33% test-drive car seats at the dealership before signing on the dotted line CHICAGO , Aug. 17, 2022 /PRNewswire/ -- Car-shopping marketplace Cars.com™ (NYSE: CARS) reports 60% of parents find car seat installation at least somewhat frustrating, which is no surprise given almost half of parents have installed their car seats incorrectly — a serious safety hazard. To help current and soon-to-be parents and caregivers, Cars.com today unveiled its 2022 Car Seat Fit Report Card with researched insights on the family vehicles that best fit car seats for infants, toddlers and young children.

News for Cars.com Stock (CARS)