secwatch.observer — SEC 8-K summary
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Issuer:     Cars.com Inc. (CARS)
CIK:        0001683606
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-122811
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cars.com Q3 revenue $179.7M (+3.1% YoY); Adj. EBITDA $51.1M; reaffirms FY2024 outlook
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- Revenue $179.7M (+3.1% YoY); net income $18.7M vs $4.5M; Adj. EBITDA $51.1M (28.5% margin).
- OEM & National revenue up 17% YoY; Dealer revenue up 2% YoY; ARPD $2,478 (-3%).
- YTD net cash from ops $122.5M (+34% YoY); free cash flow $103.7M; repurchased 1.2M shares in Q3.
- Debt reduced to $470M; net leverage 2.0x, at low-end of target range.
- FY2024 outlook reaffirmed: rev growth 4.5-5.5%, Adj. EBITDA margin 28-30%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683606/000095017024122811/0000950170-24-122811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683606/000095017024122811/cars-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122811

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