---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-003942"
form_type: "8-K"
ticker: "CARS"
cik: "0001683606"
company_name: "Cars.com Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:52:53.300858+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cars.com Q4 revenue $168.2M (+6% YoY), net income $10.3M; guides Q1 revenue $166-168M

## Summary
- Q4 revenue $168.2M (+6% YoY); net income $10.3M ($0.15 diluted EPS) vs net loss $2.9M in prior year.
- Full year 2022 revenue $653.9M (+5% YoY); net income $17.2M ($0.25 diluted EPS) vs $10.8M ($0.15) in 2021.
- Adjusted EBITDA Q4 $49.5M (29% rev); full year $186.7M (29% rev); operating cash flow $128.5M.
- Debt paydown $41.3M; net leverage 2.4x; repurchased 4.2M shares for $49.0M.
- Q1 2023 revenue guidance $166-168M (5-6% growth); full year 2023 revenue growth 3-6%.

## SEC filing metadata
- accession: 0000950170-23-003942
- form_type: 8-K
- ticker: CARS
- cik: 0001683606
- company_name: Cars.com Inc.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1683606/000095017023003942/0000950170-23-003942-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1683606/000095017023003942/cars-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-003942
- JSON: https://secwatch.observer/filing/0000950170-23-003942.json
- Plain text: https://secwatch.observer/filing/0000950170-23-003942.txt

## Key facts
- Earnings Releases
  Cars.com Inc. reported for the fourth quarter ended December 31, 2022 results: revenue $168.2 million, net income $10.3 million, EPS $0.15 per diluted share.
  - Period: for the fourth quarter ended December 31, 2022
  - Revenue: $168.2 million
  - Net income: $10.3 million
  - EPS: $0.15 per diluted share
  - Result: reported results
  source text: ● Revenue of $168.2 million, up $9.9 million, or 6% year-over-year ● Net income of $10.3 million, or $0.15 per diluted share, compared to Net loss of $2.9 million, or ($0.04) per diluted share, in the prior year ● Adjusted EBITDA of $49.5 million, or 29% of revenue, up $2.7 million year-over-year ● Average Monthly Unique Visitors (“UVs”) of 24.6 million, up 5% year-over-year ● Traffic (“Visits”) of 140.4 million, up 5% year-over-year ● Monthly Average Revenue Per Dealer (“ARPD”) of $2,361, up $28 from the prior year period ● Dealer Customers of 19,506 as of December 31, 2022, 79 lower compared to 19,585 as of September 30, 2022 and 327 higher compared to the prior year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683606/000095017023003942/0000950170-23-003942-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.