---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-056289"
form_type: "8-K"
ticker: "CARS"
cik: "0001683606"
company_name: "Cars.com Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:22:19.301403+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-056289
- form_type: 8-K
- ticker: CARS
- cik: 0001683606
- company_name: Cars.com Inc.
- filed_at: 2024-05-09T23:59:59+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/1683606/000095017024056289/0000950170-24-056289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1683606/000095017024056289/cars-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-056289
- JSON: https://secwatch.observer/filing/0000950170-24-056289.json
- Plain text: https://secwatch.observer/filing/0000950170-24-056289.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683606/000095017024056289/0000950170-24-056289-index.htm

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