secwatch.observer — SEC 8-K summary
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Issuer:     Cars.com Inc. (CARS)
CIK:        0001683606
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0000950170-22-007568
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683606/000095017022007568/0000950170-22-007568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683606/000095017022007568/cars-20220505.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-007568

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