---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057748"
form_type: "8-K"
ticker: "CARS"
cik: "0001683606"
company_name: "Cars.com Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:35:03.181658+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000950170-23-057748
- form_type: 8-K
- ticker: CARS
- cik: 0001683606
- company_name: Cars.com Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1683606/000095017023057748/0000950170-23-057748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1683606/000095017023057748/cars-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057748
- JSON: https://secwatch.observer/filing/0000950170-23-057748.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057748.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683606/000095017023057748/0000950170-23-057748-index.htm

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