---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-037596"
form_type: "8-K"
ticker: "CARS"
cik: "0001683606"
company_name: "Cars.com Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:40:55.819567+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-037596
- form_type: 8-K
- ticker: CARS
- cik: 0001683606
- company_name: Cars.com Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1683606/000095017023037596/0000950170-23-037596-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1683606/000095017023037596/cars-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-037596
- JSON: https://secwatch.observer/filing/0000950170-23-037596.json
- Plain text: https://secwatch.observer/filing/0000950170-23-037596.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683606/000095017023037596/0000950170-23-037596-index.htm

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