CHICAGO, April 24, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc" or the "Company"), an audience-driven technology company empowering the automotive industry, today announced that it expects to report its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025. The Company will host a conference call with a live webcast at 8:00 a.m. CT/9:00 a.m. ET on the same day to discuss the results.The conference call will be hosted by Chief Executive Officer, ...

Despite soft start, March auto sales soar to sixth-highest in 50 years1 as looming tariffs fuel early demandCHICAGO, April 17, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc."), an audience-driven technology company empowering the automotive industry, reveals notable changes to the automotive industry in its Industry Insights Q1 Report. This comprehensive report, crafted by Cars Commerce's expert data analysts, delves into macro and micro automotive market insights by analyzing su ...

Nissan and Ford Offer Consumers the Most Vehicles in 'Best Value' Category CHICAGO, April 1, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc."), an audience-driven technology company powering automotive, today unveiled its 2025 Affordability Report: Best Value New Cars, offering a timely guide to help car shoppers get the most for their money in an ever-changing market. The current administration's pending 25% tariffs on all vehicles assembled outside the U.S. — alongside increases ...

 Largest Dealership Review Platform Reveals Best Dealers Across North America; Subaru, Acura and Volvo Stand Out as Highest-Rated BrandsCHICAGO, March 11, 2025 /PRNewswire/ -- Car-shopping marketplace and dealer reputation site Cars.com® (NYSE: CARS) today announced the winners of its Dealer of the Year Awards, presented annually to the top automotive dealers across North America. Auto dealers were honored as Cars.com Dealer of the Year recipients based on more than 1.3 million online consumer reviews submi ...

Business Performance - Cars Commerce's platform attracts over 26 million average monthly ready-to-buy shoppers, driving significant traffic to dealerships[15]. - The average monthly revenue per dealer exceeds $2,400, indicating a strong financial performance across its dealer base[30]. - Cars Commerce generates about 80% of its revenue through subscription services, providing a stable recurring revenue stream[29]. - The company has achieved net operating cash flow exceeding $125 million in each of the last three years, reflecting strong financial health[31]. - Total revenue for the year ended December 31, 2024, was $719.2 million, representing a 4% increase from $689.2 million in 2023[162]. - Net income for 2024 was $48.2 million, a decrease of 59% compared to $118.4 million in 2023, primarily due to the release of a valuation allowance for deferred tax assets in the previous year[162]. - Dealer revenue, which constitutes 89% of total revenue, increased by $19.1 million or 3% to $640.7 million, driven by growth in digital experience revenue[176]. - OEM and National revenue rose by $10.0 million or 18% to $65.9 million, representing 9% of total revenue, due to increased spending by OEMs[177]. Customer Engagement - Approximately 83% of the audience is in-market to buy a car, with 50% planning to purchase within 30 days[28]. - The company has approximately 26 million average monthly unique visitors and over 600 million visits per year, generating about 60% of its audience organically[36]. - The company aims to increase monthly average revenue per dealer by cross-selling its existing suite of solutions[36]. Market Position and Competition - The company has over 19,200 franchise and independent dealer customers across the U.S. and Canada, with a majority subscribing to the Cars.com marketplace[16]. - The dealer customer base exceeds 19,200, with a potential market of approximately 40,000 dealerships nationwide, indicating significant growth opportunities[36]. - The company faces significant competition in the online automotive retail industry, which may hinder its ability to attract and retain dealers[73]. - The competitive landscape may change if competitors merge or form partnerships, impacting the company's ability to compete effectively[76]. Acquisitions and Growth Strategy - The acquisition of D2C Media in 2023 enhances Cars Commerce's digital solutions and expands its service offerings to dealer customers[22]. - The company acquired CreditIQ, Inc. in November 2021 to enhance its automotive financial technology offerings[69]. - The company acquired D2C Media, a leading automotive technology provider in Canada, on November 1, 2023, and Dealer Club, Inc. on January 23, 2025, which requires integration of previously independent businesses[84]. - The acquisition of CreditIQ in November 2021 and AccuTrade in March 2022 aims to enhance the company's platform strategy, but successful integration is critical for realizing anticipated benefits[83]. Financial Health and Risks - The company has approximately $729.0 million in goodwill and intangible assets, representing about 66% of total assets as of December 31, 2024[118]. - The outstanding aggregate principal amount of indebtedness was $460.0 million, with an average interest rate of 6.4%[190]. - The company’s debt levels could adversely affect its ability to raise additional capital and react to changes in the economy or industry[131]. - The company faces risks related to strategic acquisitions, including increased leverage, integration challenges, and potential adverse effects on financial condition and operations[82]. - The company may experience increased tax exposure due to aggressive positions taken by state tax authorities regarding product sales[110]. Operational Challenges - The company is subject to various local, state, federal, and international regulations that could impact its business model and operations[41]. - The company faces risks related to the automotive ecosystem, including consumer demand fluctuations and macroeconomic issues that could impact revenue[51]. - Increased operations in Canada may expose the company to different risks, including local consumer behavior and compliance with foreign laws[60]. - The company relies on third-party service providers for key metrics, and any disruptions in these services could harm business operations and metrics accuracy[88]. Cybersecurity and Technology - The company’s financial performance may be adversely affected by cybersecurity incidents and technology system failures, which could disrupt operations and damage reputation[95]. - The company has implemented various cybersecurity measures, including annual employee training and the use of SOC 2 compliant hosting providers[136]. - The company’s management is responsible for overseeing cybersecurity risk management, with regular updates provided to the Audit Committee[144]. Employee and Workforce Management - The company employs approximately 1,800 full-time, part-time, seasonal, and temporary employees as of December 31, 2024[44]. - The shift to a virtual first workforce may have uncertain long-term impacts on financial results and employee management[115]. Shareholder Considerations - A share repurchase program has been authorized to acquire up to $250.0 million of common stock over a three-year period, which may affect stock price volatility[119]. - The company does not expect to pay any cash dividends for the foreseeable future, intending to retain earnings for business growth and share repurchases[121]. - Future equity financings may dilute existing stockholders and could decrease earnings per share, impacting the benefits derived from new ventures or acquisitions[85].

Fourth Quarter and Full Year 2024 Earnings February 27, 2025 Forward-looking Statements This presentation contains "forward-looking statements" within the meaning of the federal securities laws. All statements other than statements of historical facts are forward-looking statements. These statements often use words such as "believe," "expect," "project," "anticipate," "outlook," "intend," "strategy," "plan," "estimate," "target," "seek," "will," "may," "would," "should," "could," "forecasts," "mission," "st ...

Cars.com Inc. (NYSE:CARS) Q4 2024 Earnings Conference Call February 27, 2025 9:00 AM ET Company Participants Catherine Chen - Vice President, Investor Relations Alex Vetter - Chief Executive Officer Sonia Jain - Chief Financial Officer Conference Call Participants Tom White - D.A Davidson Naved Khan - B. Riley Securities Gary Prestopino - Barrington Research Marvin Fong - BTIG Joe Spak - UBS Rajat Gupta - JPMorgan Doug Arthur - Huber Research Catherine Chen Good morning, ladies and gentlemen. Welcome to KAR ...

Cars.com (CARS) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.77%. A quarter ago, it was expected that this online automotive marketplace would post earnings of $0.44 per share when it actually produced earnings of $0.41, delivering a surprise of -6.82%.Over the last four quarter ...

Exhibit 99.1 Cars.com Reports Fourth Quarter and Full Year 2024 Results Record Full Year Revenue of $719 Million, up 4% Year-Over-Year AccuTrade Connected Expands to ~1,000 Subscribers Generated $153MM of Annual Net Cash Provided by Operating Activities, up 12% Year-Over-Year Announces $250 Million Share Repurchase Authorization CHICAGO, February 27, 2025 -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc." or the "Company"), an audience-driven technology company empowering the automotive industry, tod ...

Accomplished commercial leader brings proven track record of accelerating organic revenue growth and transforming go-to-market strategies across SaaS, adtech and dataCHICAGO, Feb. 27, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce"), an audience-driven technology company empowering automotive, announced today the appointment of Lisa Gosselin as its Chief Commercial Officer, succeeding Doug Miller. Gosselin brings more than 25 years of commercial leadership experience within SaaS, adte ...