secwatch.observer — SEC 8-K summary
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Issuer:     Cars.com Inc. (CARS)
CIK:        0001683606
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000950170-24-018435
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683606/000095017024018435/0000950170-24-018435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683606/000095017024018435/cars-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-018435

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer