Cars.com Inc. (CARS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.51	$0.51	0.0%	—	$179.9M	—
Q1 26	$0.46	$0.45	-2.2%	—	$180.2M	—
Q4 25	$0.55	$0.44	-20.0%	—	$183.9M	—
Q3 25	$0.49	$0.48	-2.0%	—	$181.6M	—
Q2 25	$0.42	$0.41	-2.4%	—	$178.7M	—
Q1 25	$0.49	$0.37	-24.5%	—	$179M	—
Q4 24	$0.56	$0.49	-12.5%	—	$180.4M	—
Q3 24	$0.45	$0.41	-8.9%	—	$179.7M	—
Q2 24	$0.45	$0.38	-15.6%	—	$178.9M	—
Q1 24	$0.49	$0.43	-12.2%	—	$180.2M	—
Q4 23	$0.52	$0.4	-23.1%	—	$179.6M	—
Q3 23	$0.48	$0.55	+14.6%	—	$174.3M	—
Q2 23	$0.46	$1.83	+297.8%	—	$168.2M	—
Q1 23	$0.44	$0.43	-2.3%	—	$167.1M	—
Q4 22	$0.49	$0.33	-32.7%	—	$168.2M	—
Q3 22	$0.49	$0.54	+10.2%	—	$164.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.32	—	—	$723.2M	—
FY24	—	$0.73	—	—	$719.2M	—
FY23	—	$1.77	—	—	$689.2M	—
FY22	—	$0.25	—	—	$653.9M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$633.1M	$626.3M	$662.1M	$606.7M	$547.5M	$623.7M	$653.9M	$689.2M	$719.2M	$723.2M
YoY change	+6.14%	-1.08%	+5.73%	-8.37%	-9.75%	+13.9%	+4.84%	+5.4%	+4.35%	+0.57%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	633.1M	626.3M	662.1M	606.7M	547.5M	623.7M	653.9M	689.2M	719.2M	723.2M
Cost of revenue	56.8M	65.5M	90.4M	99.5M	101.5M	114.2M	115M	122.2M	124.3M	123.3M
Gross profit	576.3M	560.7M	571.7M	507.1M	446M	509.5M	538.9M	567M	594.8M	599.9M
Gross margin	91%	89.5%	86.3%	83.6%	81.5%	81.7%	82.4%	82.3%	82.7%	82.9%
Research & development	—	—	—	—	—	77.3M	89M	99.6M	113.9M	117.3M
Selling, general & administrative	308M	328.9M	368.5M	354.1M	303.2M	281.9M	289.5M	312.3M	320.2M	330.5M
Operating expenses	308M	328.9M	368.5M	354.1M	303.2M	359.2M	378.5M	411.9M	434.1M	447.8M
Operating income	185.2M	143.2M	99.4M	36.2M	29.5M	48.3M	66M	54.1M	53.5M	60.3M
Operating margin	29.2%	22.9%	15%	5.97%	5.39%	7.75%	10.1%	7.85%	7.44%	8.33%
Non-operating income, net	-8.3M	-8.7M	-14.8M	-480.7M	-928.1M	-126K	-8.1M	-3.6M	40.6M	4.4M
Pretax income	177M	122.2M	56.9M	-475.3M	-936.4M	9.5M	22.6M	18.1M	61.9M	34.3M
Income tax	588K	-102.3M	18.1M	-30M	-119.3M	-1.3M	5.4M	-100.3M	13.7M	14.3M
Net income	176.4M	224.4M	38.8M	-445.3M	-817.1M	10.8M	17.2M	118.4M	48.2M	20.1M
Net margin	27.9%	35.8%	5.86%	-73.4%	-149.2%	1.73%	2.63%	17.2%	6.7%	2.77%
EBITDA	268.3M	231.8M	188.5M	133.8M	120.6M	150.1M	152.3M	151.5M	201.2M	156.5M
EPS	2.46	3.13	0.55	-6.65	-12.2	0.11	0.25	1.77	0.73	0.32
Diluted EPS	2.46	3.13	0.55	-6.65	-12.2	0.11	0.25	1.74	0.72	0.32

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	174.3M	179.6M	180.2M	178.9M	179.7M	180.4M	179M	178.7M	181.6M	183.9M	180.2M	179.9M
Cost of revenue	31.1M	30.9M	30M	31M	31.6M	31.7M	30.9M	30.5M	30.1M	31.8M	31.7M	30.3M
Gross profit	143.3M	148.7M	150.2M	147.9M	148M	148.7M	148.1M	148.2M	151.5M	152.1M	148.5M	149.6M
Gross margin	82.2%	82.8%	83.4%	82.7%	82.4%	82.4%	82.7%	82.9%	83.4%	82.7%	82.4%	83.2%
Research & development	25.3M	25.2M	28.1M	27.6M	29.2M	29M	28.5M	28.6M	27.6M	32.6M	31.5M	—
Selling, general & administrative	78M	81.9M	82M	83.2M	79.8M	75.2M	86.1M	79.4M	83.7M	81.3M	83.6M	104.4M
Operating expenses	103.3M	107.1M	110.1M	110.8M	109M	104.2M	114.6M	108.1M	111.2M	113.9M	115.1M	104.4M
Operating income	14.3M	14.9M	12.7M	9.5M	11.5M	19.8M	6.5M	15.2M	16.8M	21.7M	16.6M	27.9M
Operating margin	8.21%	8.32%	7.07%	5.32%	6.38%	11%	3.61%	8.53%	9.26%	11.8%	9.23%	15.5%
Non-operating income, net	-3.9M	-4.8M	-3.6M	15M	21.1M	8.1M	-25K	2.4M	1.5M	569K	-686K	-953K
Pretax income	2.6M	1.9M	820K	16.4M	24.5M	20.1M	-1.2M	10M	10.7M	14.9M	8.7M	19.5M
Income tax	-1.9M	-6.5M	36K	5M	5.8M	2.8M	780K	3M	3M	7.5M	3.7M	5.3M
Net income	4.5M	8.3M	784K	11.4M	18.7M	17.3M	-2M	7M	7.7M	7.4M	5M	14.3M
Net margin	2.58%	4.65%	0.44%	6.36%	10.4%	9.59%	-1.12%	3.92%	4.22%	4.02%	2.76%	7.93%
EBITDA	36.1M	36.8M	36.5M	52.1M	60.1M	52.5M	33.5M	42.5M	41.8M	38.8M	32.7M	44.3M
EPS	0.07	0.13	0.01	0.17	0.28	0.27	-0.03	0.11	0.12	0.12	0.08	0.26
Diluted EPS	0.07	0.12	0.01	0.17	0.28	0.26	-0.03	0.11	0.12	0.12	0.08	0.25

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	2.1B	1.5B	818.7M	759.8M	1.1B	939.3M	1.3B	1.1B	761.1M	557.8M
Enterprise value	—	2.6B	2.2B	1.4B	1.3B	1.5B	1.4B	1.7B	1.5B	1.2B	997.3M
Shares outstanding	71.6M	71.7M	70.3M	67M	67.2M	68.7M	68.2M	66.7M	66M	62.4M	62.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	9.21	39	—	—	102.5	54.6	10.7	23.7	38	18.5
P/S	—	3.3	2.28	1.35	1.39	1.77	1.44	1.84	1.59	1.05	0.78
P/B	—	1.23	0.93	0.72	2.23	2.78	2.44	2.57	2.24	1.61	1.28
EV/EBITDA	—	11.3	11.6	10.8	10.6	10.2	9.06	11.3	7.69	7.39	6.34
EV/Sales	—	4.19	3.29	2.39	2.33	2.46	2.11	2.48	2.15	1.6	1.37
Earnings yield	—	10.9%	2.57%	—	—	0.98%	1.83%	9.35%	4.21%	2.63%	5.4%
FCF yield	—	7.41%	9.88%	9.8%	16%	10.7%	11.6%	9.15%	11.2%	16.5%	18.8%
PEG	—	—	—	—	—	—	—	—	—	—	0.14

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	91%	89.5%	86.3%	83.6%	81.5%	81.7%	82.4%	82.3%	82.7%	82.9%	83.2%
Operating margin	29.2%	22.9%	15%	5.97%	5.39%	7.75%	10.1%	7.85%	7.44%	8.33%	15.5%
Net margin	27.9%	35.8%	5.86%	-73.4%	-149.2%	1.73%	2.63%	17.2%	6.7%	2.77%	4.73%
ROE	7.3%	13.4%	2.39%	-39%	-240.2%	2.71%	4.48%	24.1%	9.42%	4.24%	7.4%
ROA	6.92%	8.94%	1.49%	-22%	-76%	1.07%	1.68%	10.1%	4.33%	1.89%	5.01%
ROIC	7.66%	6.4%	2.95%	2.04%	3.45%	5.86%	6.1%	5.78%	4.55%	4.06%	6.17%
Return on tangible assets	-7.86%	-10.6%	-1.77%	27.1%	137.4%	-1.85%	-2.89%	-25.7%	-13.9%	-6.15%	-10.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.66	1.58	1.39	1.24	1.97	1.56	1.4	1.22	1.83	1.87	2
Quick ratio	1.66	1.58	1.39	1.24	1.97	1.56	1.4	1.22	1.83	1.87	2
Debt / equity	—	0.34	0.43	0.56	1.72	1.17	1.23	0.98	0.89	0.96	1.01
Debt / assets	—	0.23	0.27	0.32	0.54	0.46	0.46	0.41	0.41	0.42	0.44
Net debt / EBITDA	—	2.41	3.54	4.7	4.28	2.85	2.89	2.93	2.01	2.53	2.63
Interest coverage	—	—	3.05	-14.4	-23.7	1.24	1.64	1.56	2.92	2.13	2.81
Effective tax rate	0.33%	0%	31.8%	0%	0%	0%	23.8%	0%	22.1%	41.5%	36.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	8.84	8.74	9.42	9.06	8.14	9.07	9.59	10.3	10.9	11.6	12.3
EPS (basic)	2.46	3.13	0.55	-6.65	-12.2	0.11	0.25	1.77	0.73	0.32	0.32
EPS (diluted)	2.46	3.13	0.55	-6.65	-12.2	0.11	0.25	1.74	0.72	0.32	0.57
Book value per share	33.8	23.4	23.1	17	5.06	5.79	5.64	7.37	7.75	7.57	8.23
FCF per share	2.65	2.14	2.12	1.2	1.81	1.73	1.59	1.74	1.94	2.02	2.25
Cash per share	0.12	0.29	0.36	0.2	1.01	0.57	0.46	0.59	0.77	0.9	0.62
Capex per share	0.13	0.46	0.2	0.32	0.25	0.02	0.03	0.02	0.05	0.35	0.4

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.52%	5.23%	2.15%	3.5%	3.05%	0.23%	0.28%	0.19%	0.42%	2.99%	3.09%
Capex / operating cash flow	4.82%	18.6%	9.6%	-5.78%	-2.12%	1.15%	1.47%	0.91%	1.92%	14.3%	14.8%
Payout ratio	0%	289.6%	—	—	—	—	—	—	—	—	0%
Dividend yield	—	31.5%	—	—	—	—	—	—	—	—	—

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$174.3M	$179.6M	$180.2M	$178.9M	$179.7M	$180.4M	$179M	$178.7M	$181.6M	$183.9M	$180.2M	$179.9M
YoY change	+5.92%	+6.78%	+7.85%	+6.37%	+3.05%	+0.46%	-0.64%	-0.09%	+1.07%	+1.92%	+0.67%	+0.67%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	8.9M	20.6M	25.5M	13.5M	67.7M	39.1M	31.7M	39.2M	50.7M	56.2M
Receivables	98.3M	100.9M	108.9M	101.8M	93.6M	98.9M	107.9M	125.4M	133.7M	131.9M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	119.5M	142.6M	153.9M	122.4M	178.1M	147.4M	148.6M	178.4M	214.3M	211.6M
Property, plant & equipment	20.5M	39.7M	41.5M	43.7M	41.3M	43M	45.2M	43.9M	40.7M	35.2M
Goodwill & intangibles	4.8B	4.6B	4.8B	3.7B	1.7B	1.6B	1.6B	1.6B	1.5B	1.4B
Total assets	2.5B	2.5B	2.6B	2B	1.1B	1B	1B	1.2B	1.1B	1.1B
Accounts payable	7.8M	6.6M	11.6M	12.4M	16.5M	15.4M	18.2M	22.3M	33.5M	27.7M
Short-term debt	—	21.2M	26.9M	31.4M	7.8M	8.9M	14.1M	23.1M	—	—
Total current liabilities	72M	90.1M	110.7M	98.8M	90.4M	94.3M	106M	145.7M	116.9M	113.4M
Long-term debt	—	557.2M	665.3M	611.3M	576.1M	457.4M	458.2M	460.1M	455.3M	451.5M
Total liabilities	130M	831.9M	973.6M	886.9M	735.5M	609.2M	640.4M	680.3M	600.4M	589.9M
Shareholders' equity	2.4B	1.7B	1.6B	1.1B	340.2M	398M	384.4M	492.1M	511.5M	472.5M
Total debt	—	578.4M	692.2M	642.7M	583.9M	466.3M	472.4M	483.2M	455.3M	451.5M
Net debt	—	557.8M	666.7M	629.1M	516.2M	427.3M	440.7M	444.1M	404.6M	395.3M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	49.1M	39.2M	31.4M	29.1M	49.6M	50.7M	31.4M	27.7M	55.1M	56.2M	64.6M	33.3M
Receivables	118.3M	125.4M	125.7M	128.5M	125.2M	133.7M	131M	132.9M	128.8M	131.9M	135M	143.1M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	189.3M	178.4M	177.2M	178.1M	199.9M	214.3M	182.7M	179.6M	212.4M	211.6M	218M	195M
Property, plant & equipment	—	43.9M	—	—	—	40.7M	—	—	—	35.2M	—	—
Goodwill & intangibles	1.5B	1.6B	1.6B	1.5B	1.5B	1.5B	1.5B	1.4B	1.4B	1.4B	1.4B	1.3B
Total assets	1.1B	1.2B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1B
Accounts payable	18.7M	22.3M	25.6M	29.6M	32.2M	33.5M	29.4M	30.9M	33M	27.7M	29.3M	33M
Short-term debt	18.1M	23.1M	—	—	—	—	—	—	—	—	—	—
Total current liabilities	131M	145.7M	109.4M	116.6M	111.4M	116.9M	111M	98.9M	116.8M	113.4M	116.5M	97.6M
Long-term debt	429.7M	460.1M	473.8M	469.7M	465M	455.3M	455.6M	455.9M	451.2M	451.5M	451.8M	447.1M
Total liabilities	620.2M	680.3M	661.7M	623.7M	616.1M	600.4M	593.8M	581.4M	593.8M	589.9M	592.7M	568.8M
Shareholders' equity	483M	492.1M	481.4M	496.9M	502.4M	511.5M	489.9M	483.2M	477.6M	472.5M	460.7M	443.6M
Total debt	447.7M	483.2M	473.8M	469.7M	465M	455.3M	455.6M	455.9M	451.2M	451.5M	451.8M	447.1M
Net debt	398.7M	444.1M	442.4M	440.6M	415.4M	404.6M	424.2M	428.2M	396.1M	395.3M	387.2M	413.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	176.4M	224.4M	38.8M	-445.3M	-817.1M	10.8M	17.2M	118.4M	48.2M	20.1M
Depreciation & amortization	83.1M	88.6M	103.8M	116.9M	113.3M	101.9M	94.4M	101M	107.2M	91.8M
Stock-based compensation	0	2.6M	9.4M	7.6M	15.2M	21.4M	22.3M	28.5M	30.6M	31.3M
Change in working capital	-33.8M	-24.1M	2.4M	15M	-2.8M	-10M	-18.7M	-1.3M	-10.9M	-5.8M
Operating cash flow	200M	175.8M	148.3M	-367.6M	-789.8M	126M	124.7M	140.9M	156.4M	151.6M
Capital expenditure	-9.6M	-32.8M	-14.2M	-21.3M	-16.7M	-1.5M	-1.8M	-1.3M	-3M	-21.6M
Investing cash flow	-126.8M	-32.8M	-171.4M	-21.9M	-16.7M	-21.7M	-66.5M	-77.4M	-3.2M	-45.1M
Dividends paid	0	-650M	—	—	—	—	—	—	—	—
Share repurchases	0	0	-97.2M	-40M	0	0	-49M	-31.3M	-49.2M	-86.9M
Financing cash flow	-63.6M	-791.5M	12.3M	-81.3M	497M	-120M	-45.2M	-22.5M	-108.5M	-91.9M
Net change in cash	9.6M	-648.5M	-10.7M	-470.7M	-309.4M	-15.7M	13M	40.9M	44.7M	14.6M
Free cash flow	189.5M	153.2M	149.3M	80.2M	121.9M	118.8M	108.8M	115.8M	128.1M	125.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	4.5M	8.3M	784K	11.4M	18.7M	17.3M	-2M	7M	7.7M	7.4M	5M	14.3M
Depreciation & amortization	25.7M	26.6M	27.4M	27.6M	27.6M	24.7M	27M	24.9M	23.5M	16.5M	16.7M	17.3M
Stock-based compensation	7.4M	7.6M	7.1M	8.5M	8.1M	6.9M	8.3M	6.7M	7.4M	8.9M	8.6M	5.9M
Change in working capital	3.3M	3.6M	7.7M	-6M	13.4M	-26M	2.1M	-7M	15.1M	-16M	3.4M	-9.3M
Operating cash flow	39.6M	38.4M	50.8M	30.4M	52.5M	22.7M	36.6M	26.2M	58.8M	37.1M	39.8M	15.8M
Capital expenditure	-229K	-543K	-708K	-391K	-947K	-954K	-811K	-5.5M	-5.6M	-5.5M	-6M	-5.3M
Investing cash flow	-229K	-76.7M	-708K	-609K	-947K	-952K	-15.8M	-5.9M	-5.6M	-5.5M	-6M	-5.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-6.2M	-8M	-9.1M	-5.3M	-21.3M	-13.5M	-21.5M	-23.1M	-19.7M	-22.6M	-20.5M	-37M
Financing cash flow	-9.9M	27M	-26.8M	-31.8M	-26.3M	-23.5M	-21.5M	-23.1M	-24.7M	-22.6M	-20.5M	-42M
Net change in cash	29.5M	-11.3M	23.3M	-2.1M	25.2M	-1.8M	-732K	-2.7M	28.5M	9.1M	13.4M	-31.5M
Free cash flow	30.4M	39.8M	27.5M	29M	47.3M	24.4M	23.7M	18.2M	52.6M	31.2M	33.5M	10M

Cars.com Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement