earnings
confidence high
sentiment neutral
materiality 0.75
Cars.com Q4 revenue $158.3M (+3% YoY) but net loss $6M; announces $200M buyback; FY22 revenue growth 6-8%
Cars.com Inc.
2021-FY EPS reported
$0.11
revenue$623,683,000
- Q4 revenue $158.3M (up 3% YoY); net loss $6.0M ($0.09 loss per share) vs net income $7.2M a year ago.
- Full-year 2021 revenue $623.7M (+14% YoY); net income $7.7M ($0.11 diluted) vs net loss $817.1M in 2020.
- Full-year Adjusted EBITDA $189.2M (30% of revenue) vs $155.9M (28%) in 2020; dealer customers up 807 to 19,179.
- Board authorized up to $200M share repurchase over three years; company made $120M debt repayments in 2021.
- Q1 2022 revenue guidance $156.5-158.5M; full-year revenue growth 6-8% with double-digit growth in Q4 as inventory recovers.