secwatch.observer — SEC 8-K summary
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Issuer:     Cars.com Inc. (CARS)
CIK:        0001683606
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0000950170-23-003942
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683606/000095017023003942/0000950170-23-003942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683606/000095017023003942/cars-20230223.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-003942

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