Revenue Performance - Full year revenue reached $719 million, an increase of 4% year-over-year[1] - Q4 2024 revenue totaled $180.4 million, slightly up from the prior year period[6] - Total revenue for the year ended December 31, 2024, was $719,152,000, an increase from $689,183,000 in 2023, representing a growth of approximately 4.0%[42] - First quarter 2025 revenue is expected to be between $178 million and $181 million[20] - Full year 2025 revenue guidance is set at $745 million to $755 million, driven by new product launches[21] Net Income and Profitability - Net income for Q4 2024 was $17.3 million, a 107% increase compared to $8.3 million in Q4 2023[8] - Net income for the year ended December 31, 2024, was $48,188, a decrease of 59.3% compared to $118,442 in 2023[48] - The Company’s total operating income for the year ended December 31, 2024, was $53,498,000, slightly down from $54,116,000 in 2023, a decrease of about 1.1%[42] - Adjusted EBITDA for the year was $209.7 million, representing a margin of 29.2%[14] - Adjusted EBITDA for the year ended December 31, 2024, reached $209,717, an increase of 7.6% compared to $194,884 in 2023[51] - Adjusted EBITDA margin for 2025 is projected to be between 29% and 31%[22] Expenses and Liabilities - Adjusted Operating Expenses for the year ended December 31, 2024, totaled $665,654,000, compared to $635,067,000 in 2023, indicating an increase of approximately 4.8%[42] - Total operating expenses for the year ended December 31, 2024, were $665,654, a decrease of 10.5% from $735,067 in 2023[58] - The Company reported a decrease in total liabilities from $680,341,000 in 2023 to $600,380,000 in 2024, a reduction of approximately 11.8%[44] Cash Flow and Assets - Cash and cash equivalents increased to $50,673,000 as of December 31, 2024, from $39,198,000 in 2023, marking a growth of 29.4%[44] - Net cash provided by operating activities increased to $152,524, up 11.5% from $136,720 in 2023[48] - Free cash flow for the year ended December 31, 2024, was $128,143, representing a 10.6% increase from $115,838 in 2023[53] - The Company’s total assets decreased from $1,172,449,000 in 2023 to $1,111,865,000 in 2024, a decline of approximately 5.2%[44] Shareholder Actions - The company authorized a $250 million share repurchase program for 2025[18] - The weighted-average common shares outstanding for diluted earnings per share decreased from 68,326,000 in 2023 to 66,802,000 in 2024[42] Subscriber and Market Growth - AccuTrade Connected expanded to approximately 1,000 subscribers, supported by ten OEM partners[11] - OEM and National revenue grew 15% year-over-year in Q4 2024, driven by increased marketing efforts[6] - The Company anticipates continued growth in Average Revenue Per Dealer (ARPD), which is calculated as dealer revenue divided by the monthly average number of dealer customers[34] Stock and Compensation - Stock-based compensation for the year ended December 31, 2024, totaled $32,373, an increase of 7.4% from $30,127 in 2023[52] - Payments for acquisitions, net of cash acquired, were $(216), significantly lower than $(76,168) in 2023[48] - Capitalization of internally developed technology for the year was $(21,381), compared to $(19,602) in 2023[48] - Payments of contingent consideration amounted to $(27,435) in 2024, with no payments recorded in 2023[48] Traffic and Analytics - Average Monthly Unique Visitors (UVs) and Traffic metrics were measured via Adobe Analytics for the year ended December 31, 2023, with a transition to RudderStack starting January 1, 2024, for improved visibility[33]

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 ...

Core Insights - Analysts expect Cars.com (CARS) to report quarterly earnings of $0.52 per share, reflecting a year-over-year increase of 333.3% [1] - Revenue is projected to be $182.51 million, which is a 1.6% increase from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, indicating a stable outlook from analysts [1] Revenue Estimates - The consensus estimate for 'Revenue- Dealer' is $161.83 million, showing a year-over-year change of +0.3% [4] - 'Revenue- OEM and National' is estimated at $16.68 million, suggesting an increase of +8.2% year over year [4] - The 'Monthly Average Revenue Per Dealer (ARPD)' is projected to be $2,496.50, slightly down from $2,523 in the previous year [4] Customer Metrics - Analysts project that 'Dealer Customers' will reach 19,332, a decrease from 19,504 reported in the same quarter last year [5] Stock Performance - Shares of Cars.com have declined by -17.7% in the past month, contrasting with a -2.3% change in the Zacks S&P 500 composite [6] - Cars.com holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near future [6]

Core Viewpoint - The article emphasizes the importance of value investing and highlights Cars.com (CARS) as a strong value stock based on its favorable valuation metrics and earnings outlook [2][3][6] Valuation Metrics - Cars.com has a Price-to-Book (P/B) ratio of 2.25, which is significantly lower than the industry average of 5.62, indicating it may be undervalued [4] - The stock's P/B ratio has fluctuated between 1.99 and 2.85 over the past year, with a median of 2.37 [4] - Additionally, Cars.com has a Price-to-Cash Flow (P/CF) ratio of 7.83, compared to the industry average of 16.77, further suggesting undervaluation [5] - The P/CF ratio has ranged from 5.03 to 10.36 in the past year, with a median of 7.56 [5] Investment Outlook - Cars.com holds a Zacks Rank of 2 (Buy) and an "A" grade in the Value category, making it one of the strongest value stocks currently available [3][6] - The combination of its attractive valuation metrics and strong earnings outlook positions Cars.com as an impressive value stock [6]

Group 1 - Cars.com Inc. expects to report its financial results for Q4 and the full year ended December 31, 2024, on February 27, 2025 [1] - A conference call will be hosted by CEO Alex Vetter and CFO Sonia Jain to discuss the results, available via live webcast [2] - Cars Commerce is an audience-driven technology company that simplifies the buying and selling of cars, offering a range of services including a marketplace, digital marketing technology, and AI-driven retail operations [3]

Group 1 - The 2025 Kia EV9 has been awarded Cars.com's 'Best Electric Vehicle of 2025' for its exceptional range, style, and comfort, appealing to a diverse audience [1][2] - The EV9 features ultrafast recharging capabilities, allowing it to charge from 10% to 80% in under 25 minutes using high-speed DC chargers [2][5] - The vehicle offers a spacious three-row interior, seating for up to six or seven passengers, and advanced technology such as the ultra-wideband-based Digital Key and Onboard Power Generator (V2L) functionality [2][3] Group 2 - Kia America is headquartered in Irvine, California, and is recognized for its automotive quality, being listed among TIME World's Most Sustainable Companies of 2024 [3] - The company serves as the "Official Automotive Partner" of the NBA and WNBA, and offers a range of vehicles including gasoline, hybrid, plug-in hybrid, and electric models through over 775 dealers in the U.S. [3][4]

Core Insights - Cars.com announced the winners of its annual Best Of Awards for 2025, recognizing top-rated vehicles across six categories, with the Hyundai Santa Fe being named Best Car of the Year [1][2] Award Categories Summary - **Best Family Car**: 2025 Hyundai Palisade, praised for safety features and spacious interior, starting at under $40,000 [5] - **Best Electric Vehicle**: 2025 Kia EV9, noted for its balance of range, comfort, and usability, featuring standard driver-assistance technologies [5] - **Best SUV**: 2025 Toyota Land Cruiser, recognized for its nimbleness and off-road capability while being comfortable for street driving [5] - **Best Pickup Truck**: 2025 Ram 1500, highlighted for its new twin-turbo inline-six engine that offers improved performance over the previous V-8 [5] - **Best Luxury Car**: 2025 Genesis Electrified GV70, commended for its luxurious materials and exceptional driving experience, along with advanced features [5] Methodology - The winners were selected by a team of seven editors who evaluated new vehicles throughout the year, with each award category having specific criteria guiding the nomination and voting process [3]

Core Viewpoint - Broad Arrow, a Hagerty company, is showcasing historically significant collector cars at Retromobile 2025, highlighting their inaugural sale at the Concorso d'Eleganza Villa d'Este in May 2025, in partnership with BMW AG [1][2]. Company Performance - Broad Arrow experienced exceptional year-over-year growth of 75% in 2024, totaling $316 million in transactions across auctions, private sales, and financing [2]. Featured Cars - The 1948 Ferrari 166 Spyder Corsa is estimated to sell for €5.5 million to €7.5 million and is considered one of the most original early Ferrari examples [3][4]. - The 1988 Porsche 911 TAG Turbo, with an asking price of £2.2 million, is one of only 11 produced and features a genuine F1 engine raced by Alain Prost [5][7]. - The 1930 Bentley Speed Six 'Old No.3' is a significant piece of racing history, known for its exploits at the 24 Hours of Le Mans [8][9]. - The 1949 Talbot-Lago T26 Grand Sport Coupe is estimated between €1.2 million and €1.5 million and is the sole survivor of its kind [10][11]. - The 1965 Ferrari 275 GTS is estimated to sell for €1.5 million to €1.8 million and is recognized for its engineering and design [12][13]. Memorabilia and Events - Broad Arrow will also feature highly collectible memorabilia, including Formula 1 driver helmets, in their Spring 2025 Memorabilia Online Auction [14]. - Retromobile takes place from February 5-9, 2025, at Paris Expo - Porte de Versailles, providing a platform for collectors and enthusiasts to engage with the showcased cars [5].

CHICAGO, Jan. 24, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce" or the "Company"), an audience-driven technology company empowering automotive, today announced the acquisition of (DealerClub), a reputation-based automotive digital wholesale auction. The Company paid approximately $25 million in cash at closing. There is the potential for an additional performance-based consideration of up to $88 million based on achievement of certain financial thresholds. The transaction closed on ...

Core Insights - Cars.com Inc. (d/b/a "Cars Commerce") showcases its connected platform at the 2025 NADA Show, emphasizing its value in enhancing dealer performance through its four core capabilities [1][5] - Dealers utilizing multiple capabilities of the platform experience up to 2x more leads and sell inventory at least 10% faster compared to those using only one capability [1][6] Dealer Concerns and Platform Solutions - A recent survey indicates that auto retailers' top concerns in 2025 include acquiring used cars more profitably, with this concern increasing by 20 percentage points year over year [2][6] - The Cars Commerce platform addresses these concerns by providing technology and solutions for advertising inventory, targeting in-market shoppers, managing reputation, and acquiring used inventory efficiently [2][3] Core Capabilities of the Cars Commerce Platform - The platform's four core capabilities include: 1. Acquiring more used vehicles with higher profitability 2. Targeting higher quality in-market shoppers 3. Differentiating dealerships from competitors [3][4] Marketplace and Digital Experience - Cars.com is recognized as the No. 1 automotive marketplace, attracting approximately 25 million unique shoppers each month, allowing dealers to showcase their inventory beyond just price [4][6] - Retailers using the Dealer Inspire website in conjunction with the Cars.com marketplace can sell inventory four days faster and see a 10% improvement in inventory turn time [4][6] Trade & Appraisal Insights - In 2024, retailers completed over 2.5 million appraisals through AccuTrade, resulting in a 45% increase in used-car acquisitions year over year [4][6] - The combination of AccuTrade's technology with the Cars.com marketplace leads to a 90% increase in total leads, with higher conversion rates to sales [4][6] Media Network Performance - The Cars Commerce Media Network offers four media solutions that significantly improve dealer performance metrics, with Cars.com shoppers converting 5x higher than Google's audiences and a 32% lower cost-per-click [5][6] - Dealers who add a media package consistently see double-digit improvements in connections [5][6] Company Overview - Cars Commerce is an audience-driven technology company that simplifies the buying and selling of cars, offering a comprehensive platform that includes an automotive marketplace, digital marketing technology, trade-in and appraisal technology, and predictive AI technologies [7][8]