secwatch.observer — SEC 8-K summary
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Issuer:     Cars.com Inc. (CARS)
CIK:        0001683606
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0000950170-21-000862
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683606/000095017021000862/0000950170-21-000862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683606/000095017021000862/cars-20210805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-000862

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