secwatch.observer — SEC 8-K summary
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Issuer:     Cars.com Inc. (CARS)
CIK:        0001683606
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0000950170-21-002934
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683606/000095017021002934/0000950170-21-002934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683606/000095017021002934/cars-20211104.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-002934

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer