{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-017474","form_type":"8-K","ticker":"CARS","cik":"0001683606","company_name":"Cars.com Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.030101+00:00","generated_at":"2026-06-15T22:20:51.702106+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cars.com Q1 revenue up 6% to $167.1M; adj. EBITDA $44.3M, EPS $0.17","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-017474","json":"https://secwatch.observer/filing/0000950170-23-017474.json","markdown":"https://secwatch.observer/filing/0000950170-23-017474.md","text":"https://secwatch.observer/filing/0000950170-23-017474.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1683606/000095017023017474/0000950170-23-017474-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1683606/000095017023017474/cars-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:20:51.702106+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6e04b7af2ef46bcf90e29eac0283bfa54e1dc206","claim":"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.","evidence_excerpt":"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 ●","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1683606/000095017023017474/0000950170-23-017474-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2023"},{"label":"Revenue","value":"$167.1 million"},{"label":"Net income","value":"$11.5 million, or $0.17 per diluted share"},{"label":"EPS","value":"$0.17 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"dceced3d595ddfd061572aee050800f97027031e","claim":"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.","evidence_excerpt":"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 ●","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1683606/000095017023017474/0000950170-23-017474-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$167.1 million"},{"label":"Net income","value":"$11.5 million, or $0.17 per diluted share"},{"label":"EPS","value":"$0.17 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}