Cars.com Q1 revenue $180.2M (+8% YoY), ARPD $2,505 (+5%), adj EBITDA margin 29%

Cars.com Inc.

2024-Q1 EPS reported $0.01 revenue$180,176,000

Net income $0.8M ($0.01 diluted) vs $11.5M ($0.17); adj net income $28.7M ($0.43) vs $26.2M ($0.39).
Dealer revenue +8% YoY; OEM/National revenue +13% YoY; ARPD up 5% to $2,505.
Amended credit facility: $350M all-revolver, maturity extended to May 2029, net leverage 2.2x.
Q2 revenue guidance $181-183M (7-9% growth); full-year reaffirmed 6-8%; adj EBITDA margin 28-30%.
Operating cash flow $33.5M, free cash flow $27.5M; repurchased 0.5M shares for $9.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cars.com Inc. reported the first quarter ended March 31, 2024 results: revenue $180.2 million, net income $0.8 million, or $0.01 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $180.2 million
Net income: $0.8 million, or $0.01 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

technology company empowering the automotive industry, today released its financial results for the first quarter ended March 31, 2024. Q1 2024 Financial Highlights • Revenue of $180.2 million, up $13.1 million, or 8% year-over-year • Net income of $0.8 million, or $0.01 per diluted share, compared to Net income of $11.5 million, or $0.17 per diluted share, in the

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Source: SEC EDGAR

accession 0000950170-24-056289

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