CARS Q2 revenue $155.5M, net income $6.0M; beats guidance with strong cash flow

Cars.com Inc.

2021-Q2 EPS reported $0.16 revenue$308,825,000

Revenue $155.5M, up 52% YoY (11% ex credits); GAAP net income $6.0M ($0.08/diluted) vs loss of $24.6M.
Adjusted EBITDA $48.5M (31% margin); year-to-date free cash flow $66.5M, up 36% YoY.
ARPD $2,299, up 59% YoY (10% ex credits); dealer customers 18,845 (+5% YoY).
Voluntary debt prepayment of $20M in Q2, $70M total H1; net leverage ratio improved to 2.4x.
Q3 guidance: revenue $155M-$157M, adjusted EBITDA margins 27.5%-29.5%.

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