earnings
confidence high
sentiment positive
materiality 0.75
Cars.com Q2 revenue $179.9M (+1% YoY); net income $14.3M (+103%); adjusted EBITDA margin 29.4% beats guidance
Cars.com Inc.
- Revenue $179.9M (+1% YoY); Marketplace revenue grew 7% YoY, fastest since 2021.
- Net income $14.3M ($0.25 diluted EPS) vs $7.0M ($0.11) a year ago; adjusted net income $28.7M ($0.51).
- Adjusted EBITDA $53.0M (29.4% margin) vs $50.9M (28.5%) a year ago; guidance was 28-29%.
- Share repurchases: 3.7M shares for $37M in Q2; YTD 6.2M shares for $57M; on pace to $90M target.
- Q3 guidance: revenue flat to +2% YoY; adjusted EBITDA margin 28.5-29.5%. Full year reaffirmed.