Cars.com Q2 revenue $168.2M (+3% YoY), net income $94.1M on tax benefit, ARPD up 6%

Cars.com Inc.

2023-Q2 EPS reported $1.55 revenue$335,244,000

Revenue $168.2M (+3% YoY); net income $94.1M ($1.37 diluted EPS) driven by valuation allowance release.
Adjusted EBITDA $45.6M (27% margin); ARPD $2,472 (+6% YoY); dealer customers 18,785 (down 401 from Q1).
Traffic 156M visits (+5% YoY); free cash flow $45.6M in H1 2023 vs $33.7M prior year.
Full-year revenue guidance tightened to 4-6% growth (midpoint raised); Q3 revenue guidance $172-174M.
Year-to-date share repurchases 0.9M shares for $17.2M; total debt $458.8M, 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 0.92

Cars.com Inc. reported second quarter ended June 30, 2023 results: revenue $168.2 million, net income $94.1 million, or $1.37 per diluted share, EPS $1.37 per diluted share.

Period: second quarter ended June 30, 2023
Revenue: $168.2 million
Net income: $94.1 million, or $1.37 per diluted share
EPS: $1.37 per diluted share
Result: reported results

Exact text from the filing

a robust set of digital solutions, today released its financial results for the second quarter ended June 30, 2023. Q2 2023 Financial and Key Metric Highlights ● Revenue of $168.2 million, up $5.3 million, or 3% year-over-year ● Net income of $94.1 million, or $1.37 per diluted share, compared to $5.5 million, or $0.08 per diluted share, in the prior year. Current

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Source: SEC EDGAR

accession 0000950170-23-037596

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