Cars.com

Cars.com, Inc. engages in the provision of automotive products and services through online automotive classifieds. It sells online subscription advertising products to car dealerships. The company was founded by Mitch Golub, William Swislow, and Alex Vetter in 1998 and is headquartered in Chicago, IL.

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Cars.com reports robust 2022 performance, eyes growth amidst challenges

Cars.com's strong financial performance in 2022 underscores its market resilience and strategic positioning.
While cautious about certain revenue streams, the company anticipates growth opportunities in dealer revenue and advertising.
Maintaining a disciplined capital allocation approach and focus on free cash flow generation bode well for future financial health.

Cars.com reports 6% revenue growth in Q1 2023 earnings call

Cars.com delivered solid Q1 2023 results with revenue growth and adjusted EBITDA margin exceeding expectations.
While facing challenges such as increased operating expenses and a slight decline in dealer customers, the company remains optimistic about future growth.
By focusing on new product offerings, customer retention, and cost management, Cars.com aims to sustain revenue growth and improve profitability.

Cars.com reports solid Q2 earnings, eyes new revenue streams

Cars.com delivered a strong Q2 performance with revenue growth, EBITDA margin improvement, and successful marketplace initiatives.
Despite challenges in EV demand and market dynamics, opportunities lie in new revenue streams and strong feedback for future growth.
Financially sound with debt reduction and share repurchases, Cars.com is well-positioned for growth and investor confidence.
Strategic AI integration, successful branding, and credit rating upgrade showcase Cars.com's resilience and market adaptability.

Cars.com reports solid Q3 growth, eyes M&A and digital strategies

Cars.com's Q3 earnings reflect steady growth post-COVID, driven by investments in business resilience. The company's focus on organic traffic, website solutions, and technology positions it well for future success amidst evolving market challenges and opportunities.

Cars.com reports robust Q4 earnings, eyes growth amidst challenges

Cars.com's Q4 2023 showcased strong financials and operational growth, exceeding expectations.
Strategic initiatives and strong customer engagement position the company for continued success.
Challenges in integrating acquisitions and balancing profitability require careful navigation.
Opportunities in cost advantages, endorsements, and market interest pave the way for future growth.

Cars.com reports robust Q1 earnings, eyes growth through OEM investments

Cars.com's Q1 2024 performance showcased revenue growth, strong EBITDA margin, and customer base expansion.
While facing challenges like attrition and acquisition impacts, the company leverages opportunities in OEM investments and product adoption.
Strengthening advertising tied to EVs and upcoming investor engagements highlight strategic focus areas for future growth.
Overall, Cars.com's diversified approach and product successes position it well for continued growth and market relevance.

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Cars.com, Inc. engages in the provision of an automotive marketplace platform and digital solutions that connect car shoppers with sellers. Its portfolio of brands includes Dealer Inspire, FUEL, DealerRater, CreditIQ, and NewCars.com. The company was founded by Mitch Golub, William Swislow, and T. Alex Vetter in 1998 and is headquartered in Chicago, IL.

Continued Growth in Revenue, Dealer Customers and ARPD Closed Accu-Trade Group Acquisition CHICAGO , May 5, 2022 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), the leading automotive marketplace platform that provides a robust set of digital solutions, today released its financial results for the first quarter ended March 31, 2022. Q1 2022 Financial and Key Metric Highlights Revenue of $158.2 million, up $4.9 million, or 3% year-over-year Net income of $4.3 million, or $0.06 per diluted share, compared to Net income of $5.3 million, or $0.08 per diluted share, in the prior year Adjusted EBITDA of $42.0 million, or 27% of revenue, down $6.1 million, year-over-year Average Monthly Unique Visitors ("UVs") of 26.6 million, up 2% year-over-year Traffic ("Visits") of 148.5 million, down 5% year-over-year Monthly Average Revenue Per Dealer ("ARPD") of $2,291, up 1% from $2,268 in the prior year period Dealer Customers of 19,500 as of March 31, 2022, up 321 compared to 19,179 as of December 31, 2021, and up 677, or 4%, compared to March 31, 2021 Operational Highlights Closed the acquisition of the Accu-Trade Group, a leading vehicle appraisal and acquisition solution, further advancing the company's platform strategy and accelerating CARS' end-to-end capabilities Closed nearly 200 sales during the three-day National Automobile Dealers Association show ("NADA") Demonstrated EV leadership with CARS' EV Buying Guide and consumer live stream event, comprehensive resources for shoppers considering an electric vehicle for their next vehicle purchase "We are starting the year strong, delivering growth in revenue, dealer customers and ARPD, despite continuing macro-economic challenges.

CARS Reports First Quarter 2022 Results

With EV searches up nearly 200% on Cars.com, experts discuss the pros and cons of EV ownership, highlight popular models and answer consumer questions during live virtual event1 CHICAGO, April 25, 2022 /PRNewswire/ -- The car-shopping marketplace Cars.com ™ (NYSE: CARS) is pleased to announce the return of its popular event:  Guide for the EV Curious . As interest in electric vehicles continues to grow, this free, live virtual event features Cars.com's automotive experts sharing their perspectives on the EV market, reviewing popular EV models and answering questions live from consumers.

AMID SOARING ELECTRIC VEHICLE INTEREST, CARS.COM HOSTS FREE EV LIVESTREAM FOR CONSUMERS

CHICAGO , April 21, 2022 /PRNewswire/ --  Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), the leading automotive marketplace platform that provides a robust set of digital solutions, today announced that it expects to report its financial results for the first quarter ended March 31, 2022, on Thursday, May 5, 2022. The Company will host a conference call with a live webcast at 8:00 a.m.

CARS to Announce First Quarter 2022 Financial Results

SEATTLE--(BUSINESS WIRE)--Convoy, the nation's leading digital freight network, today announced that Sonia Jain has been appointed Chief Financial Officer, effective April 25, 2022. Jain will assume the role from Convoy's President & Chief Operating Officer, Mark Okerstrom, who has served as acting CFO since December 2020. In this role, Jain will leverage her 15+ years of experience in finance leadership and strategy roles to oversee Convoy's finance function. Jain will report directly to M

Convoy Appoints Sonia Jain as Chief Financial Officer

Company Reaffirms First Quarter and Annual 2022 Outlook CHICAGO , April 4, 2022 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), the leading automotive marketplace platform that provides a robust set of digital solutions, today announced the resignation of Sonia Jain, Chief Financial Officer, effective April 15, 2022. Jain will be leaving the Company to pursue a new opportunity with a pre-IPO, venture capital-backed company.

CARS Announces CFO Transition; Names Jandy Tomy Interim CFO

EV Searches Have Doubled on Cars.com Since 2021, Prompting a New EV Buying Guide and "Top Picks" to Help EV-Curious Consumers Find the Electric Car That Fits Their Lifestyle CHICAGO , March 29, 2022 /PRNewswire/ -- Cars .com ™ (NYSE: CARS), the car-shopping marketplace, today reveals its 2022 "Top Picks" for electric vehicles. In conjunction with the company's new EV Buying Guide.

CARS.COM RELEASES ITS 2022 'TOP PICKS' FOR ELECTRIC VEHICLES

Current Events Accelerate EV Curiosity; Cars.com Answers With New EV Buying Guide to Help Consumers Navigate the Ins and Outs of Electric Cars CHICAGO , March 29, 2022 /PRNewswire/ --   Cars.com ™ (NYSE: CARS), the car-shopping marketplace, today announced the launch of its EV Buying Guide , a comprehensive resource for shoppers considering an electric vehicle for their next vehicle purchase. EV searches on Cars.com have nearly doubled since last year and have increased 173% from Feb. 24 to March 25.1 The war in Ukraine, proposed infrastructure legislation, rising gas prices and supply-chain issues are just a few drivers of market volatility that have spurred consumer interest in EVs.

CARS.COM REPORTS EV SEARCHES ARE UP 173% THIS MONTH, BUT RECORD-HIGH GAS PRICES AREN'T YET ENOUGH FOR MASS-MARKET ADOPTION

CHICAGO, March 10, 2022 /PRNewswire/ -- FUEL, a Cars.com Inc. company (NYSE: CARS) and leading automotive digital video provider, is helping dealers achieve impressive sales results. Walser Automotive Group, an early adopter of FUEL, achieved an increase of 21% in combined sales year-over-year in 2021 by owning the right ZIP codes and leveraging Cars.com's first-party data to target in-market shoppers with the right messages.

FUEL DRIVES BUYERS WHO ARE 4X MORE LIKELY TO PURCHASE USING CARS.COM AUDIENCE DATA

CHICAGO , March 10, 2022 /PRNewswire/ -- Cars.com Inc . (NYSE: CARS) ("CARS" or the "Company"), the leading automotive marketplace platform that provides a robust set of digital solutions, today announced the retirement of Chief Legal Officer (CLO) James F.

CARS Announces Retirement of Chief Legal Officer James F. Rogers; Appoints Angelique Strong Marks as Successor

CHICAGO, March 1, 2022 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of digital solutions, has closed the acquisition of the Accu-Trade Group, which was announced last month. The Accu-Trade Group includes real-time, VIN-specific appraisal and valuation data, instant guaranteed offer capabilities and logistics technology.

CARS Closes Acquisition of The Accu-Trade Group, Adding Digital Vehicle Acquisition to the CARS Platform

CHICAGO, Feb. 25, 2022 /PRNewswire/ -- Cars.com™ (NYSE: CARS), the car-shopping marketplace, today named the Ford Maverick pickup truck the Best of the Year winner for 2022 in its annual Best Of awards program. Pickup trucks are consistently the top-searched vehicle on Cars.com, with new Mavericks making up nearly 14% of new-truck searches.

AMERICA'S LOVE AFFAIR WITH PICKUP TRUCKS CONTINUES: FORD MAVERICK NAMED CARS.COM'S BEST OF THE YEAR 2022

With two acquisitions made during the last quarter, Cars.com aims to ease two pain points that plague both car dealers and consumers: the time-consuming finance process and the challenges of valuing and selling a used car. By adding two new digital solutions, CreditIQ and Accu-Trade, to the Cars.com platform, the company aims to create a […]

Cars.com Extends End-to-End Capabilities by Adding Access to Finance, Used Vehicle Valuations

Cars.com Inc. (CARS) CEO Alex Vetter on Q4 2021 Results - Earnings Call Transcript

Cars.com (CARS) delivered earnings and revenue surprises of -181.82% and 0.46%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Cars.com (CARS) Reports Q4 Loss, Tops Revenue Estimates

Automotive marketplace platform Cars.com Inc (NYSE: CARS) reported fourth-quarter FY21 revenue growth of 3% year-on-year to $158.30 million, marginally missing the consensus of $158.37 million. Average Monthly Unique Visitors improved 6% Y/Y to 23.6 million.

Cars.com Clocks 3% Revenue Growth In Q4; Plans $200M Buyback

Cars.com Inc. CARS, -1.80% said Thursday its board has approved the repurchase of up to $200 million of its shares over the next three years. The online automobile marketplace said it would fund the buyback using cash from operations.

Cars.com board approves share buyback program of up to $200 million over next three years

CHICAGO, Feb. 24, 2022 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of digital solutions, today released its financial results for the fourth quarter and year ended December 31, 2021. Q4 2021 Financial and Key Metric Highlights Revenue of $158.3 million, up $5.3 million, or 3% year-over-year Net loss of $6.0 million, or ($0.09) per diluted share, compared to Net income of $7.2 million, or $0.10 per diluted share, in the prior year Adjusted EBITDA of $46.8 million, or 30% of revenue, down $1.7 million, year-over-year Average Monthly Unique Visitors ("UVs") of 23.6 million, up 6% year-over-year Traffic (Visits) of 134.0 million, down 3% year-over-year Monthly Average Revenue Per Dealer ("ARPD") of $2,333, up 3% from $2,264 in the prior year period Dealer Customers of 19,179 as of December 31, 2021, up 150 compared to 19,029 as of September 30, 2021 2021 Full Year Financial and Key Metric Highlights Revenue of $623.7 million, up $76.2 million, or 14% year-over-year.

CARS Reports Fourth Quarter and Full Year 2021 Results

CHICAGO, Feb. 24, 2022 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of digital solutions, today announced that its Board of Directors (the "Board") has authorized the repurchase of up to $200 million of the Company's outstanding shares of common stock over the next three years. The Company intends to fund the share repurchase program with cash from operations.

CARS Announces $200 Million Share Repurchase Program

CHICAGO, Feb. 21, 2022 /PRNewswire/ -- Cars.com ™ (NYSE: CARS), the car-shopping marketplace, today named the Tesla Model Y the Best Electric Vehicle of 2022 winner in its Best Of awards program. As more automakers bet on an electric future, consumers are starting to pay attention to the once-outlying rogue tech of automotive.

TESLA MODEL Y NAMED CARS.COM'S BEST ELECTRIC VEHICLE OF 2022

CHICAGO, Feb. 15, 2022 /PRNewswire/ -- C ars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, today announced that it expects to report its financial results for the fourth quarter and full year ended December 31, 2021, on Thursday, February 24, 2022. The Company will host a conference call with a live webcast at 8:00 a.m.

CARS to Announce Fourth Quarter and Full Year 2021 Financial Results

CHICAGO, Feb. 14, 2022 /PRNewswire/ -- Shoppers flocked to  Cars.com TM (NYSE: CARS), the car shopping marketplace, last night following automakers' TV commercials that aired during one of the world's most-watched sporting events. The number of auto commercials doubled compared to 2021, with this year's event seeing seven auto brands airing eight commercials that led to a 217% average lift on advertiser brand pages on Cars.com.

CARS.COM TRAFFIC BOOM CONFIRMS ELECTRIC VEHICLES WERE THE REAL MVPS OF LAST NIGHT'S BIG GAME

Automotive marketplace platform Cars.com is finalizing a deal to acquire 100% of the assets of Accu-Trade for $65 million in cash at closing, with the chance for additional cash and stock depending upon reaching particular financial thresholds. Accu-Trade's assets include Galves Market Data and MADE Logistics, which includes real-time, VIN-specific appraisal and valuation data, according […]

Cars.com to Snap Up Accu-Trade to Enter Digital Wholesale Sector

CHICAGO, Feb. 8, 2022 /PRNewswire/ -- Transaction Highlights: Acquires powerful data and technology assets that allow dealers to efficiently buy and sell inventory through CARS' extensive dealer network and tap into CARS' massive in-market audience, improving dealer inventory turn and maximizing transaction margins Enables real-time transparency on vehicle valuation and provides a trusted platform for secure online transactions for dealers and consumers looking to sell to qualified buyers Further strengthens end-to-end capabilities on CARS' platform, driving incremental revenue and ARPD opportunities Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, today announced that it has signed an agreement to acquire 100% of the assets of Accu-Trade, Galves Market Data and MADE Logistics ("Accu-Trade"), which includes real-time, VIN-specific appraisal and valuation data, instant guaranteed offer capabilities, and logistics technology. Consideration for the transaction will be $65 million in cash at closing.

CARS TO ACQUIRE THE ACCU-TRADE GROUP, ADDS DIGITAL VEHICLE ACQUISITION TO THE CARS PLATFORM

WALTHAM, Mass., Feb. 2, 2022 /PRNewswire/ -- DealerRater, a leading car-dealer review and reputation management platform and company of Cars.com Inc.

Record-Breaking Reviews: 1 Million-Plus Car Shoppers Make the Customer Service Case for DealerRater's Dealer of the Year Awards Recipients

CHICAGO , Jan. 28, 2022 /PRNewswire/ -- Work-from-anywhere culture, inventory shortages and expanding technology both in the car-buying process and the cars themselves — these are the forces defining the automotive landscape for 2022 according to  Cars.com TM (NYSE: CARS), a leading car-shopping marketplace. Despite a double-digit increase1 in overall prices and a narrowing market value gap between new and used cars, consumers are using what leverage they have to get the car they want, the way they want it.

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