Cars.com Q3 revenue +8% to $156.6M; acquires CreditIQ for $30M + up to $50M earnout

Cars.com Inc.

2021-Q3 EPS reported $0.19 revenue$465,378,000

Revenue $156.6M (+8% YoY); net income $2.4M ($0.03 diluted EPS) vs loss of $12.3M a year ago.
Adjusted EBITDA $45.8M (29% margin); ARPD $2,332 (+7%); dealer customers 19,029 (+5% YoY).
Total debt reduced to $490M; repaid $107.5M YTD; net leverage improved to 2.3x.
Q4 2021 guidance: revenue $157.5-159.5M, adjusted EBITDA margin 28.5%-30.5%.
Acquired CreditIQ fintech for $30M cash, up to $50M earnout; closes in Q4 2021; expands into auto finance.

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