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.

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

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.

58% of Parents Say Car Seats Drive Their Car Purchase Decisions: Cars.com 2022 Car Seat Fit Report Card Grades Vehicles on Fit and Safety for Families

Cars.com, Inc. (NYSE:CARS ) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Robbin Moore-Randolph - Director, IR Alex Vetter - CEO & Director Jeanette Tomy - Interim CFO Conference Call Participants Naved Khan - Truist Securities Marvin Fong - BTIG Gary Prestopino - Barrington Research Associates Thomas White - D.A. Davidson & Co. Operator Good morning.

Cars.com, Inc. (CARS) CEO Alex Vetter on Q2 2022 Results - Earnings Call Transcript

Cars.com (CARS) delivered earnings and revenue surprises of 60% and 0.61%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Cars.com (CARS) Q2 Earnings and Revenues Beat Estimates

Achieved High-End of Guidance Continued Growth in ARPD, Dealer Customers and Revenue CHICAGO , Aug. 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 second quarter ended June 30, 2022. Q2 2022 Financial and Key Metric Highlights Revenue of $162.9 million, up $7.3 million, or 5% year-over-year Net income of $5.5 million, or $0.08 per diluted share, compared to Net income of $6.0 million, or $0.08 per diluted share, in the prior year Adjusted EBITDA of $45.3 million, or 28% of revenue, down $3.2 million, year-over-year Average Monthly Unique Visitors ("UVs") of 27.1 million, up 3% year-over-year Traffic ("Visits") of 148.0 million, down 7% year-over-year Monthly Average Revenue Per Dealer ("ARPD") of $2,326, up 1% from $2,299 in the prior year period Dealer Customers [1] of 19,517 as of June 30, 2022, 17 higher compared to 19,500 as of March 31, 2022, and up 672, or 4%, compared to June 30, 2021 Operational Highlights Dealer Inspire was named by Subaru as a Certified Website and Technology Platform Provider for its 570+ U.S. retailers, helping them increase sales and efficiency through a platform of industry-leading technology solutions Accu-Trade continues to gain momentum as dealers adopt digital vehicle appraisal and acquisition solutions Instant Offer is now available on Cars.com, connecting shoppers with the Company's nearly 20,000 dealers, enabling consumers to sell their cars quickly and efficiently The Company continued to bolster its editorial content with the annual publication of its 2022 American Made Index, which showcases the most American-made vehicles, that announced Tesla as the winner for the second year in a row, driving more than 500 media stories "Momentum continued into the second quarter, as we delivered revenue and ARPD growth and robust sequential margin expansion.

CARS Reports Second Quarter 2022 Results

Cars.com Has Generated More Than 5,000 Qualified Cash Offers for Consumers Since Launch to Select Markets in May 50% of Consumers Planning to Sell a Car Prefer to Trade In Their Used Vehicle at Dealership CHICAGO , Aug. 1, 2022 /PRNewswire/ -- Americans have several options when it comes to selling their car, but half (50%) prefer to work directly with a local dealership, according to a recent survey by car-shopping marketplace Cars.com (NYSE: CARS). While consumers have long been able to sell their cars to other consumers on Cars.com, they can now take things a step further.

Cars.com Launches "Instant Offer" Nationwide, Empowers Consumers to Claim Highest Offer From a Local Dealer and Sell Their Car Instantly

CHICAGO , July 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 second quarter ended June 30, 2022, on Wednesday, August 3, 2022. The Company will host a conference call with a live webcast at 8:00 a.m.

CARS to Announce Second Quarter 2022 Financial Results

Car prices have been on a steady climb since the pandemic first wreaked havoc on supply chains. Is that all about to end?

When Will Car Prices Drop in 2022? 2023?

Independence Day Vacationers Find Pump Price Relief With Shorter Distances, Carpools and American-Made Fuel Efficient Vehicles CHICAGO , June 28, 2022 /PRNewswire/ -- A new survey by the car-shopping marketplace Cars.com™ (NYSE: CARS) reveals that while 88% of American travelers plan to drive to their holiday destinations over Independence Day weekend, more than three-fourths say record-high gas prices have impacted plans, with many opting to stay closer to home or bring friends along to help chip in at the pump¹. Distance is the predominant sacrifice.

Cars.com: 88% of Holiday Travelers Remain Committed to Their July Fourth Road Trip Despite High Fuel Costs

Dealer Inspire is certified to provide Subaru retailers a connected digital website platform that includes turnkey opportunities for seamless digital advertising, SEO, messaging, digital retailing and vehicle acquisition technologies built-in NAPERVILLE, Ill. , June 23, 2022 /PRNewswire/ --  Dealer Inspire (DI), a Cars.com Inc. (NYSE: CARS) company that provides advanced technology and digital advertising solutions to the automotive industry, announced today a new OEM partnership with Subaru of America.

Subaru Taps Cars.com's Dealer Inspire® as a Certified Website and Technology Platform Provider for its 570+ U.S. Retailers

Honda and Tesla Each Appear 4x in Top 10 Alongside Jeep and Lincoln, Which Secure Top Spots; GM Dominates List With Its Models Claiming 20% of Overall Index Consumer Preference for American-Made Vehicles Jumps 22% Year Over Year CHICAGO , June 21, 2022 /PRNewswire/ -- Cars.com ™ (NYSE: CARS), the car-shopping marketplace, today announced the vehicles topping the charts of its 2022 American-Made Index (AMI), an annual independent ranking of vehicle makes and models creating the greatest impact on the U.S. economy through factory jobs, manufacturing plants and parts sourcing. For the second consecutive year, Austin, Texas-based Tesla claims the title of most American-made, this time with the Model Y.

CARS.COM'S AMERICAN-MADE INDEX ADDS TESLA TO EXCLUSIVE LIST OF MULTIYEAR CHART-TOPPERS, MODEL Y NABS NO. 1

11% of Holiday Travelers Will Opt for an EV-Powered Road Trip CHICAGO , May 23, 2022 /PRNewswire/ -- A car-shopping marketplace  Cars.com ™ (NYSE: CARS) survey found that despite a almost 35 %  year-over-year increase in gas prices, 82% of Americans who are planning to travel this Memorial Day will do so by car. Overall travel across all modes of transportation is up 8% for the holiday weekend compared to 2021, but car travel is down slightly (7%) primarily due to high gas prices, a general desire to save money due to rising inflation, and lingering COVID-19 concerns.

CARS.COM REPORTS 82% OF HOLIDAY TRAVELERS WILL ROAD-TRIP THIS MEMORIAL DAY, WITH MORE THAN HALF CARPOOLING TO SAVE ON GAS

Recent Cars.com Surveys Conclude: In Current Seller's Market, Most Vehicle Trade-In Payouts Exceed Expectations by Thousands of Dollars for Consumers CHICAGO , May 16, 2022 /PRNewswire/ -- Cars.com™ (NYSE: CARS), the car-shopping marketplace, today released findings from a survey of consumers and auto dealers regarding rising vehicle resale values amid ongoing inventory challenges. An overwhelming 99% of surveyed dealers said they are paying more for trade-ins now than two years ago; almost 60% estimate an increased payout between 11% and 20%, and more than 1 in 3 dealers report paying over 20% more than two years ago.1 Consumer experiences support the dealer findings.

ONGOING INVENTORY CHALLENGES CREATE PRIME OPPORTUNITY TO MAXIMIZE USED CARS' RESALE VALUE

Cars.com Inc. (NYSE:CARS ) Q1 2022 Earnings Conference Call May 5, 2022 9:00 AM ET Company Participants Robbin Moore-Randolph - Director of Investor Relations Alex Vetter - Chief Executive Officer Jandy Tomy - Interim Chief Financial Officer Conference Call Participants Dan Kurnos - The Benchmark Company Tom White - D.A. Davidson Doug Arthur - Huber Research Gary Prestopino - Barrington Research Operator Good morning, and welcome to the Cars First Quarter 2022 Earnings Conference Call.

Cars.com Inc. (CARS) CEO Alex Vetter on Q1 2022 Results - Earnings Call Transcript

Cars.com (CARS) delivered earnings and revenue surprises of 100% and 0.64%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Cars.com Stock (CARS)