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.

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Cars.com reports robust 2022 performance, eyes growth amidst challenges

Cars.com's strong financial performance in 2022 underscores its market resilience and strategic positioning.
While cautious about certain revenue streams, the company anticipates growth opportunities in dealer revenue and advertising.
Maintaining a disciplined capital allocation approach and focus on free cash flow generation bode well for future financial health.

Cars.com reports 6% revenue growth in Q1 2023 earnings call

Cars.com delivered solid Q1 2023 results with revenue growth and adjusted EBITDA margin exceeding expectations.
While facing challenges such as increased operating expenses and a slight decline in dealer customers, the company remains optimistic about future growth.
By focusing on new product offerings, customer retention, and cost management, Cars.com aims to sustain revenue growth and improve profitability.

Cars.com reports solid Q2 earnings, eyes new revenue streams

Cars.com delivered a strong Q2 performance with revenue growth, EBITDA margin improvement, and successful marketplace initiatives.
Despite challenges in EV demand and market dynamics, opportunities lie in new revenue streams and strong feedback for future growth.
Financially sound with debt reduction and share repurchases, Cars.com is well-positioned for growth and investor confidence.
Strategic AI integration, successful branding, and credit rating upgrade showcase Cars.com's resilience and market adaptability.

Cars.com reports solid Q3 growth, eyes M&A and digital strategies

Cars.com's Q3 earnings reflect steady growth post-COVID, driven by investments in business resilience. The company's focus on organic traffic, website solutions, and technology positions it well for future success amidst evolving market challenges and opportunities.

Cars.com reports robust Q4 earnings, eyes growth amidst challenges

Cars.com's Q4 2023 showcased strong financials and operational growth, exceeding expectations.
Strategic initiatives and strong customer engagement position the company for continued success.
Challenges in integrating acquisitions and balancing profitability require careful navigation.
Opportunities in cost advantages, endorsements, and market interest pave the way for future growth.

Cars.com reports robust Q1 earnings, eyes growth through OEM investments

Cars.com's Q1 2024 performance showcased revenue growth, strong EBITDA margin, and customer base expansion.
While facing challenges like attrition and acquisition impacts, the company leverages opportunities in OEM investments and product adoption.
Strengthening advertising tied to EVs and upcoming investor engagements highlight strategic focus areas for future growth.
Overall, Cars.com's diversified approach and product successes position it well for continued growth and market relevance.

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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.

CHICAGO , July 20, 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 second quarter ended June 30, 2023, on Thursday, August 3, 2023.

CARS to Announce Second Quarter 2023 Financial Results

GM, Ford, Honda and Toyota Claim Most Vehicles on 2023 Index CHICAGO , June 21, 2023 /PRNewswire/ -- Fresh off a rebrand , car-shopping marketplace  Cars.com ™ (NYSE: CARS) today revealed the 100 vehicles on its 18th annual American-Made Index. Cars.com's automotive experts independently evaluate vehicles contributing the most to the U.S. economy  for manufacturing, parts sourcing and employment.

CARS.COM AMERICAN-MADE INDEX SEES 260% JUMP IN ELECTRIFIED VEHICLES SINCE 2020, TESLA LANDS TOP SPOTS

For 25th Anniversary, Brand Upgrade Stakes a Claim on Where Car Buying and Selling Is Going Next CHICAGO , June 1, 2023 /PRNewswire/ -- Car-shopping marketplace Cars.com ™ (NYSE: CARS) is launching a modern brand identity and advertising campaign encouraging people to explore "Where to next?" For the first time in the company's quarter-century history as a technology leader, it will debut a redesign of its logo, paying homae to the innovation and credibility that has made Cars.com a leading destination for car buyers and sellers while paving the way for its future.

CARS.COM'S NEWEST MODEL: A MODERN BRAND, FRESH AD CAMPAIGN AND ENDLESS 'POSSIBILITIES'

CHICAGO , May 11, 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 announced that it would participate in the following two investor conferences in May: Conference: 17th Annual Barrington Research Virtual Spring Investment Conference Conference Date: Thursday, May 18 Conference: 51st Annual J.P. Morgan Global Technology, Media, and Communications Conference Fireside Chat: In Boston, Tuesday, May 23 at approximately 2:15 p.m.

CARS to Participate in Two Investor Conferences in May

Cars.com Inc. (NYSE:CARS ) Q1 2023 Results Conference Call May 4, 2023 9:00 AM ET Company Participants Robbin Moore-Randolph - Director, IR Alex Vetter - CEO Sonia Jain - CFO Conference Call Participants Thomas White - D.A. Davidson Gary Prestopino - Barrington Research Marvin Fong - BTIG Doug Arthur - Huber Research Operator Good morning, and welcome to the Cars First Quarter 2023 Earnings Conference Call.

Cars.com Inc. (CARS) Q1 2023 Earnings Call Transcript

First-quarter results met management's early 2023 forecast. Cars.com isn't seeing a meaningful uptick in automotive supply.

Why Cars.com Stock Dropped on Thursday

Continued Growth in Revenue and ARPD Achieved First Quarter Guidance and Reaffirms Full-Year 2023 Guidance Repaid Revolving Loan CHICAGO , May 4, 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 first quarter ended March 31, 2023. Q1 2023 Financial and Key Metric Highlights Revenue of $167.1 million, up $8.9 million, or 6% year-over-year Net income of $11.5 million, or $0.17 per diluted share, compared to $4.3 million, or $0.06 per diluted share, in the prior year Adjusted EBITDA of $44.3 million, or 26.5% of revenue, up $2.3 million year-over-year Average Monthly Unique Visitors ("UVs") of 28.5 million, up 7% year-over-year Traffic ("Visits") of 164.8 million, up 11% year-over-year Monthly Average Revenue Per Dealer ("ARPD") of $2,386, up 4% from the prior year period Dealer Customers of 19,186 as of March 31, 2023, 320 lower compared to 19,506 as of December 31, 2022 and 314 lower compared to the prior year Operational Highlights Generated $28.1 million in Operating Cash Flow and fully paid the remaining $15.0 million on its Revolving Loan and returned $7.2 million in capital to its stockholders through share repurchases Launched new Marketplace packages and aligned subscription pricing with the enhanced value of features and solutions such as CreditIQ's Instant Finance and DealerRater, enabling customers to better leverage cross-platform capabilities Strengthened editorial content with the publication of Cars.com's first-ever affordability report, providing shoppers with insights on comparative vehicle pricing and trends "We drove strong first quarter performance with year-over-year growth in key metrics - revenue, Adjusted EBITDA, and traffic.

CARS Reports First Quarter 2023 Results

CHICAGO , April 20, 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 first quarter ended March 31, 2023, on Thursday, May 4, 2023. The Company will host a conference call with a live webcast at 8:00 a.m.

CARS to Announce First Quarter 2023 Financial Results

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Searches for EVs on Cars.com Have Grown 84% Since 2022; As EV Interest Accelerates, Cars.com's 2023 EV Buying Guide and Top Picks Help Consumers Transition from EV Curious to EV Owner CHICAGO , March 29, 2023 /PRNewswire/ -- Car-shopping marketplace Cars.com ™ (NYSE: CARS), today reveals its 2023 Top Picks for electric vehicles in conjunction with the company's 2023 EV Buying Guide . Cars.com experts examined the price, range, comfort and features of 40-plus EV models on sale in 2023 to determine the Top Picks for Value, Family, Luxury and Commuters.

CARS.COM RELEASES ITS 2023 TOP PICKS FOR ELECTRIC VEHICLES

More Car-Shopping Americans Are Considering Making the Move to Electrics as Searches for New and Used EVs on Cars.com Have Increased 84%, With Middle America Jumping on the EV Bandwagon CHICAGO , March 29, 2023 /PRNewswire/ -- Car-shopping marketplace Cars.com ™ (NYSE: CARS) today announced the release of its second annual EV Buying Guide , a comprehensive resource created by industry-leading automotive experts who evaluated 40-plus unique electric vehicles currently on sale. Considering price, range, style and comfort, our experts provide insights on the Best Electric Vehicle of 2023 and Top EV Picks for Family, Value, Commuters and Luxury.

FROM AFFORDABILITY TO CAPABILITY, CARS.COM'S 2023 EV BUYING GUIDE NAVIGATES SHOPPERS THROUGH THE EVER EV-OLVING ELECTRIC VEHICLE FRONTIER

"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.

News for Cars.com Stock (CARS)