Cars.com(US:CARS)2023-02-23 15:30Financial Performance - Full Year 2022 Revenue reached $653.9 million, a 5% year-over-year increase compared to $623.7 million in 2021[61] - Full Year 2022 Dealer Revenue was $579.2 million, up from $549.9 million in 2021[61] - Adjusted EBITDA for 2022 was $186.728 million, compared to $189.202 million in 2021[7] - Free Cash Flow for 2022 was $108.797 million, compared to $118.811 million in 2021[7] - The company anticipates Q1 2023 revenue between $166 million and $168 million, representing a 5% to 6% year-over-year growth[75] Key Metrics - Dealer Customers increased to 19,506 in Q4 2022, compared to 19,179 in Q4 2021[2, 49] - Website Customers reached 6,050 in Q4 2022, an increase of 700 customers year-over-year[39] - Monthly Average Revenue Per Dealer (ARPD) was $2,361 in Q4 2022[49] - Average Monthly Unique Visitors were 24.6 million in Q4 2022, compared to 23.6 million in Q4 2021[49] - Total Visits (Traffic) were 587 million for the full year 2022[37] Strategic Initiatives - The company has expanded its Total Addressable Market (TAM) to $50 billion[27] - Over 2,200 dealers have opted-in for CreditIQ instant financing since its nationwide launch in September 2022[53] - Accu-Trade has connected with over 500 customers, appraised over 600,000 vehicles, and generated over 80,000 instant offers for consumers[40]