Cars.com reports adjusted Q2 EPS 38c, consensus 10c

Reports Q2 revenue $178.9M, consensus $182.1M. “We drove disciplined growth and strong profitability during the second quarter on top of returning to sequential expansion in our dealer customer base,” said CEO Alex Vetter. “Our strength is underscored by positive AccuTrade utilization, healthy adoption of website solutions, and accelerating OEM and National revenue. Looking ahead, as we navigate through industry disruption in the third quarter, we continue to be focused on deepening our platform differentiation in support of growth and margin expansion in the second half of the year.”