CARS Q2 revenue up 5% to $162.9M, net income $5.5M, Adj EBITDA margin 28%

Cars.com Inc.

2022-Q2 EPS reported $0.14 revenue$321,080,000

Revenue $162.9M (+5% YoY); net income $5.5M ($0.08 diluted EPS) vs $6.0M ($0.08) YoY.
Adjusted EBITDA $45.3M (28% margin) down from $48.5M (31%) a year ago.
Dealer customers 19,517 (+4% YoY); ARPD $2,326 (+1% YoY).
Repurchased 1.7M shares for $18.3M in Q2; total debt $517.5M, net leverage 2.8x.
Q3 2022 guidance: revenue $163.5-165.5M, Adj EBITDA margin 29-31%.

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