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Cars.com, Inc. (CARS)
NYSE:CARS
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.56Last Year’s EPS
0.81Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -13.73%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance in 2024, including record revenue and strategic expansions through new products and acquisitions, while addressing challenges such as dealer revenue decline and initial margin pressure. The company showed confidence in overcoming these challenges through strategic initiatives and new leadership.Company Guidance
In the fourth quarter 2024 earnings call, Cars.com Inc. announced strong financial performance with a record revenue of $719 million for the year, marking a 4% increase year over year. The company achieved a free cash flow of $128 million and an adjusted EBITDA margin improvement of nearly one percentage point. For the fourth quarter alone, revenue reached a new high of $180.4 million, driven by a 15% year-over-year growth in OEM and national revenue, resulting in a full-year OEM growth of 18%. Despite some seasonal softness affecting dealer revenue, Cars.com maintained robust consumer engagement, with over 23 million shoppers and 143 million visits in Q4. As they look forward to 2025, the company anticipates revenue growth of $745 million, supported by product innovation, new launches, and strategic acquisitions like Dealer Club, with expectations for sustained growth acceleration in the second half of the year.Record Full-Year Revenue
Cars.com Inc. delivered record full-year revenue of $719 million, up 4% year over year, marking seventeen consecutive quarters of year-over-year revenue growth.
OEM and National Revenue Growth
OEM and national revenue increased by 15% year over year in Q4, contributing to a full-year growth of 18%, with half of the OEM partners increasing their spending.
AccuTrade Expansion
AccuTrade reached over 1,000 dealerships with a 35% increase in annual appraisal volume and a 23% increase in vehicles acquired post-appraisal per dealer year over year in Q4.
New Product Innovations and Acquisitions
Introduction of the DealerQuote acquisition and the launch of Dealer Club, a dealer-to-dealer wholesale marketplace, expanding into a $10 billion wholesale market.
Strong Free Cash Flow
Free cash flow reached $128 million, the highest level since 2018, reflecting strong operating discipline.
Appointment of New Chief Commercial Officer
Lisa Goss was appointed as the new Chief Commercial Officer to drive revenue growth and go-to-market strategies.
Share Repurchase Program
Announcement of a new $250 million share repurchase authorization over three years, refreshing and increasing the prior $200 million authorization.
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CARS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CARS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $15.30 | $12.03 | -21.37% |
| Nov 07, 2024 | $16.81 | $17.85 | +6.19% |
| Aug 08, 2024 | $17.86 | $16.79 | -5.99% |
| May 09, 2024 | $17.07 | $18.64 | +9.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cars.com, Inc. (CARS) report earnings?
Cars.com, Inc. (CARS) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Cars.com, Inc. (CARS) earnings time?
Cars.com, Inc. (CARS) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CARS EPS forecast?
CARS EPS forecast for the fiscal quarter 2024 (Q4) is 0.56.
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