secwatch.observer — SEC 8-K summary
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Issuer:     Cars.com Inc. (CARS)
CIK:        0001683606
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000950170-23-057748
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683606/000095017023057748/0000950170-23-057748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683606/000095017023057748/cars-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-057748

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