---
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"
generated_at: "2026-06-15T22:20:51.702106+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017474
- JSON: https://secwatch.observer/filing/0000950170-23-017474.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017474.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1683606/000095017023017474/0000950170-23-017474-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1683606/000095017023017474/0000950170-23-017474-index.htm

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