Cars.com Q1 revenue up 6% to $167.1M; adj. EBITDA $44.3M, EPS $0.17

Cars.com Inc.

2023-Q1 EPS reported $0.17 revenue$167,068,000

Revenue $167.1M (+6% YoY); net income $11.5M ($0.17 diluted EPS) vs $4.3M ($0.06) prior year.
Adjusted EBITDA $44.3M (26.5% margin); ARPD $2,386 (+4% YoY); traffic +11%, unique visitors +7%.
Dealer customers 19,186 (-320 QoQ, -314 YoY); OEM/National revenue declined 11% due to insurance sector cuts.
Q2 revenue guidance $168-170M; full-year 3-6% revenue growth reaffirmed; expects Q4 adj. EBITDA margin ~30%.
Paid $15M to fully repay Revolving Loan; repurchased $7.2M in shares; net leverage 2.3x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Cars.com Inc. reported quarter ended March 31, 2023 results: revenue $167.1 million, net income $11.5 million, or $0.17 per diluted share, EPS $0.17 per diluted share. Guidance reaffirmed.

Period: quarter ended March 31, 2023
Revenue: $167.1 million
Net income: $11.5 million, or $0.17 per diluted share
EPS: $0.17 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

a robust set of digital solutions, today released its financial results for the first quarter ended March 31, 2023. Q1 2023 Financial and Key Metric Highlights ● Revenue of $167.1 million, up $8.9 million, or 6% year-over-year ● Net income of $11.5 million, or $0.17 per diluted share, compared to $4.3 million, or $0.06 per diluted share, in the prior year ●

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cars.com Inc. reported first quarter ended March 31, 2023 results: revenue $167.1 million, net income $11.5 million, or $0.17 per diluted share, EPS $0.17 per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $167.1 million
Net income: $11.5 million, or $0.17 per diluted share
EPS: $0.17 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

a robust set of digital solutions, today released its financial results for the first quarter ended March 31, 2023. Q1 2023 Financial and Key Metric Highlights ● Revenue of $167.1 million, up $8.9 million, or 6% year-over-year ● Net income of $11.5 million, or $0.17 per diluted share, compared to $4.3 million, or $0.06 per diluted share, in the prior year ●

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Cars.com Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-017474

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