Group 1 - Cars.com Inc. will participate in the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference on May 13, 2025, at 3:30 p.m. CT / 4:30 p.m. ET [1] - The presentation will be available as a live webcast on the Cars.com Investor Relations website, with an archived replay accessible shortly after the presentation [1] Group 2 - Cars Commerce is an audience-driven technology company focused on empowering the automotive industry by simplifying car buying and selling through AI-driven technologies [2] - The company offers a platform organized around four leading brands: Cars.com, Dealer Inspire, AccuTrade, and DealerClub, providing various solutions for retail operations [2]

Core Viewpoint - Cars.com reported quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.39 per share, and showing a significant increase from $0.01 per share a year ago, indicating a mixed performance in earnings expectations [1][2] Financial Performance - The company posted revenues of $179.02 million for the quarter ended March 2025, which was slightly below the Zacks Consensus Estimate by 0.13%, and a decrease from $180.18 million in the same quarter last year [2] - Over the last four quarters, Cars.com has not surpassed consensus EPS estimates and has only topped revenue estimates once [2] Stock Performance - Cars.com shares have declined approximately 34.7% since the beginning of the year, contrasting with the S&P 500's decline of 4.3%, indicating underperformance in the market [3] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.45 for the coming quarter and $1.96 for the current fiscal year, alongside expected revenues of $183.34 million and $743.85 million respectively [7] - The Zacks Rank for Cars.com is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Internet - Commerce industry, to which Cars.com belongs, is currently in the top 30% of over 250 Zacks industries, indicating a favorable industry outlook that could positively impact stock performance [8]

Cars.com (CARS) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Company Participants Katherine Chen - Vice President, Investor RelationsAlex Vetter - CEOSonia Jain - CFONaved Khan - Managing Director - Equity ResearchRajat Gupta - Executive Director, AutosMarvin Fong - DirectorJoseph Spak - Managing Director Conference Call Participants Tom white - Managing Director, Senior Equity Analyst Operator Good morning, ladies and gentlemen, and welcome to the Cars.com First Quarter 20 20 5 Earnings Conference Call. ...

Cars.com (CARS) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to the Cars.com First Quarter 20 20 5 Earnings Conference Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call, you require immediate assistance, please press 0 for the operator. This call is being recorded on Thursday, May eight of twenty twenty five. I would now like to turn the c ...

First Quarter 2025 Earnings May 8, 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," "strive," "more," "goal" ...

Q1 2025 Financial Highlights | (in thousands, except per share data) | Quarter Ended March 31, | | | | | | --- | --- | --- | --- | --- | --- | | | 2025 | | 2024 | | Change % | | Total Revenue | $ 179,024 $ | | | 180,176 | (1%) | | Net (loss) income | | (2,013) | | 784 | NM | | Adjusted net income | | 23,956 | | 28,663 | (16%) | | Adjusted EBITDA | | 50,721 | | 52,673 | (4%) | | Net (loss) income per diluted share | | (0.03) | | 0.01 | NM | | Adjusted net income per diluted share | | 0.37 | | 0.43 | (14%) | ...

Core Insights - Cars.com Inc. reported Q1 2025 revenue of $179 million, a slight decrease of 1% year-over-year, driven by a 6% growth in OEM and National revenue, while subscription-based Dealer revenue fell by 2% due to macroeconomic pressures [3][6] - The company achieved a record of 29 million average monthly unique visitors, reflecting strong engagement and adoption of its solutions [1][11] - Cars.com increased its dealer customer base to 19,250, indicating a positive trend in dealer engagement [1][11] Financial Performance - Total revenue for Q1 2025 was $179.0 million, down from $180.2 million in Q1 2024 [3][31] - Net loss for the quarter was $2.0 million, or $0.03 per diluted share, compared to a net income of $0.8 million, or $0.01 per diluted share in the prior year [8][32] - Adjusted net income decreased by 16% to $24.0 million, or $0.37 per diluted share, from $28.7 million, or $0.43 per diluted share a year ago [3][36] Operational Highlights - Average monthly unique visitors increased by 26% quarter-over-quarter and 3% year-over-year, reaching 29 million [5][11] - The company reported a 16% quarter-over-quarter growth in AccuTrade appraisals, indicating improved customer engagement [11] - DealerClub saw a 60% increase in active users and nearly doubled the volume of completed auctions from February to March 2025 [11] Cost Management - Total operating expenses for Q1 2025 were $172.6 million, up from $167.4 million in the prior year, influenced by the acquisition of DealerClub and higher severance costs [7][31] - Adjusted operating expenses remained flat at $155.3 million, reflecting disciplined cost management [7][38] Cash Flow and Balance Sheet - Net cash provided by operating activities was $29.5 million, down from $33.5 million in the prior year [9][33] - Free cash flow for the quarter totaled $23.7 million, compared to $27.5 million in Q1 2024 [9][37] - As of March 31, 2025, total debt outstanding was $460 million, with total liquidity of $321.4 million [10][10] Strategic Outlook - The company aims to reaccelerate dealer revenue growth in Q2 2025 through growth initiatives, including marketplace and website repackaging [2][14] - Full-year 2025 revenue guidance has been suspended due to macroeconomic uncertainties, but the company reaffirms its Adjusted EBITDA margin guidance of 29% to 31% [14][15]

Investment Rating - The report assigns an "Overweight" (OW) rating to General Motors (GM) and Ford, while Tesla and Rivian are rated "Underweight" (UW) [6][7]. Core Insights - The automotive industry is experiencing varied performance metrics across different companies, with GM and Ford showing potential upside in their stock prices, while Tesla and Rivian face significant downside risks [6][7]. - The report highlights the importance of valuation metrics such as EV/EBITDA, P/E ratios, and sales growth projections for assessing investment opportunities within the automotive sector [6][22]. Global Auto OEMs Investment Comparables - General Motors (GM) has a current price of $44.57 with a market cap of $43.067 billion and a target price of $53.00, indicating a 19% upside potential [6]. - Ford (F) is priced at $9.63 with a market cap of $38.294 billion and a target price of $11.00, representing a 14% upside [6]. - Ferrari (RACE) is valued at $439.97 with a target price of $460.00, showing a 5% upside [6]. - Tesla (TSLA) is currently priced at $241.37 with a target price of $120.00, indicating a -50% downside [6]. - Rivian (RIVN) has a price of $11.60 with a target price of $11.00, reflecting a -5% downside [6]. Global Auto Parts Suppliers Valuation Metrics - The average EV/EBITDA for US auto parts suppliers is projected at 1.8x for 2024, with a corresponding EBITDA margin of 12% [22]. - Aptiv (APTV) is rated "Overweight" with a current price of $51.71 and a target price of $102, indicating a 97% upside [22]. - Borg Warner (BWA) is rated "Overweight" with a price of $26.45 and a target price of $46, representing a 74% upside [22]. - Lear Corp (LEA) is rated "Overweight" with a price of $79.42 and a target price of $140, indicating a 76% upside [22]. Performance Metrics - The report indicates that the average revenue CAGR for US auto parts suppliers is projected to be 2% from 2023 to 2025 [74]. - The EBITDA margin for US auto parts suppliers is expected to be around 12% in 2025, with some companies showing higher margins [74][83]. - The report also highlights the financial returns of various suppliers, with some companies achieving significant returns on invested capital (ROIC) [54][56].

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 ...