---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-018435"
form_type: "8-K"
ticker: "CARS"
cik: "0001683606"
company_name: "Cars.com Inc."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:37:54.594725+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cars.com Q4 rev $179.6M (+7% YoY); FY rev $689.2M (+5%); guides Q1 rev $179-181M

## Summary
- Q4 revenue $179.6M, +7% YoY; net income $8.3M ($0.12 EPS) vs $10.3M ($0.15 EPS) prior year.
- Full-year revenue $689.2M (+5%); net income $118.4M ($1.74 EPS) vs $17.2M ($0.25 EPS) due to tax valuation allowance release.
- ARPD $2,523 (+7% YoY); dealer customers 19,504 (up 789 from Q3, includes 950 from D2C Media acquisition).
- Adjusted EBITDA Q4 $55.4M (31% margin); FY adjusted EBITDA $194.9M (28.3% margin).
- Q1 2024 revenue guidance $179-181M (7-8% growth); FY rev growth 6-8%; adj. EBITDA margin 28-30%.

## SEC filing metadata
- accession: 0000950170-24-018435
- form_type: 8-K
- ticker: CARS
- cik: 0001683606
- company_name: Cars.com Inc.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1683606/000095017024018435/0000950170-24-018435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1683606/000095017024018435/cars-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-018435
- JSON: https://secwatch.observer/filing/0000950170-24-018435.json
- Plain text: https://secwatch.observer/filing/0000950170-24-018435.txt

## Key facts
- Earnings Releases
  Cars.com Inc. reported the year ended December 31, 2023 results: revenue $689.2 million, net income $118.4 million, or $1.74 per diluted share, EPS $1.74 per diluted share.
  - Period: the year ended December 31, 2023
  - Revenue: $689.2 million
  - Net income: $118.4 million, or $1.74 per diluted share
  - EPS: $1.74 per diluted share
  - Result: reported results
  source text: 2023 Full-Year Financial and Key Metric Highlights • Revenue of $689.2 million, up $35.3 million, or 5% year-over-year • Net income of $118.4 million, or $1.74 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683606/000095017024018435/0000950170-24-018435-index.htm
- Earnings Releases
  Cars.com Inc. reported the fourth quarter ended December 31, 2023 results: revenue $179.6 million, net income $8.3 million, or $0.12 per diluted share, EPS $0.12 per diluted share.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $179.6 million
  - Net income: $8.3 million, or $0.12 per diluted share
  - EPS: $0.12 per diluted share
  - Result: reported results
  source text: Q4 2023 Financial and Key Metric Highlights • Revenue of $179.6 million, up $11.4 million, or 7% year-over-year • Net income of $8.3 million, or $0.12 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683606/000095017024018435/0000950170-24-018435-index.htm

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