Cars.com(US:CARS)2025-08-07 13:00Financial Performance - Second quarter revenue remained steady at $178.7 million year-over-year[45] - Adjusted EBITDA margin reached 28.5%, hitting the high end of the projected 27% to 29% range[14, 53] - The company repurchased 3.7 million shares during the first half of 2025[13] Operational Highlights - Total traffic visits reached 162 million in the second quarter[14, 18] - The company saw a 50% quarter-over-quarter increase in completed transactions on DealerClub[39] - AccuTrade appraisals increased by 14% quarter-over-quarter and 45% year-over-year, totaling approximately 925,000 appraisals in Q2[36] Strategic Initiatives - OEM and National revenue increased by 5% year-over-year[14, 15, 45] - The company added 162 dealer customers quarter-over-quarter, bringing the total to 19,412[14, 30] - AI-powered search capabilities led to a 2x higher lead submission rate compared to standard search, with nearly 20% of internet leads originating from the new search capability[22] Outlook - The company projects low-single digit year-over-year revenue growth for the second half of 2025[58] - The company anticipates an Adjusted EBITDA margin of 29% to 31% for the full year 2025[62] - The company increased its share repurchase target to $70 to $90 million for the full year[62]