secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cars.com Inc. (CARS)
CIK:        0001683606
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0000950170-22-001864
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cars.com Q4 revenue $158.3M (+3% YoY) but net loss $6M; announces $200M buyback; FY22 revenue growth 6-8%
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683606/000095017022001864/0000950170-22-001864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683606/000095017022001864/cars-20220224.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-001864

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