Cars.com Q3 revenue $174.3M (+6% YoY); net income $4.5M; acquires D2C Media for CAD $105M

Cars.com Inc.

2023-Q3 EPS reported $1.61 revenue$509,577,000

Q3 revenue $174.3M (+6% YoY); net income $4.5M ($0.07 EPS) vs loss of $2.9M prior year.
ARPD $2,548 (+9% YoY); dealer customers 18,715; website customers up 8% to 6,300.
Acquired D2C Media for CAD $105M (USD $76M) cash plus earn-out up to CAD $35M; funded by cash and revolver.
D2C serves ~1,000 Canadian dealer customers; expected immediately accretive; expands Cars Commerce into Canada.
Q4 revenue guidance $177-179M (5.2-6.4% YoY growth); adj. EBITDA margin 29.5-30.5%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cars.com Inc. reported the quarter ended September 30, 2023 results: revenue $174.3 million, net income $4.5 million, EPS $0.07 per diluted share.

Period: the quarter ended September 30, 2023
Revenue: $174.3 million
Net income: $4.5 million
EPS: $0.07 per diluted share
Result: reported results

Exact text from the filing

empowering the automotive industry, today released its financial results for the third quarter ended September 30, 2023. Q3 2023 Financial and Key Metric Highlights ● Revenue of $174.3 million, up $9.7 million, or 6% year-over-year ● Net income of $4.5 million, or $0.07 per diluted share, compared to a Net loss of $2.9 million, or $0.04 per diluted share, in the prior

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Cars.com Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-057748

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