Cars.com Q1 revenue up 3% to $158.2M; dealer customers grow 4% YoY; Accu-Trade acquired

Cars.com Inc.

2022-Q1 EPS reported $0.06 revenue$158,207,000

Revenue $158.2M (+3% YoY); net income $4.3M ($0.06 diluted EPS) vs $5.3M ($0.08) prior year.
Adjusted EBITDA $42.0M (27% margin), down from $48.1M (31% margin) YoY.
Dealer customers 19,500 (+677 YoY); ARPD $2,291 (+1% YoY).
Closed Accu-Trade Group acquisition during Q1, funded by $45M revolver draw.
Q2 2022 revenue guidance ~$161-163M; full-year revenue growth reaffirmed at 6-8% YoY.

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