Cars.com Inc. CARS
Business. Cars.com Inc. (NYSE:CARS) is a trusted audience-powered and data-driven technology platform that simplifies buying and selling cars. The flagship Cars.com marketplace connects millions of consumers to dealerships across the U.S., powering the car buying experience with artificial intelligence ("AI") shopping tools and comprehensive vehicle reviews and content. Our interconnected ecosystem of products enables dealers and OEMs to sell more cars by efficiently leveraging our marketplace, dealer websites, trade and appraisal tools and proprietary in-market media solutions. Learn more at www.carscommerce.inc.
Our premier automotive marketplace, Cars.com, empowers shoppers with the data, resources and digital tools they need to make informed buying decisions and seamlessly connect with automotive retailers. We also equip dealerships and OEMs with innovative solutions and data-driven intelligence to better reach and influence our 26 million average monthly shoppers. Not only does our marketplace drive ready-to-buy customers to the dealership, we believe our interconnected ecosystem of products also allows dealerships to operate more efficiently by facilitating a faster and easier car buying and selling experience.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $723.2M | $719.2M | $689.2M | $653.9M | $623.7M | $547.5M | $606.7M | $662.1M | $626.3M | $633.1M |
| Cost of revenue | — | — | — | — | — | — | — | $90.4M | $65.5M | $56.8M |
| Gross profit | — | — | — | — | — | — | — | $571.7M | $560.7M | $576.3M |
| SG&A | $91.1M | $84.0M | $73.0M | $67.6M | $73.6M | $59.1M | $73.8M | $72.9M | $44.9M | $23.9M |
| Total operating expenses | $663.0M | $665.7M | $635.1M | $587.8M | $575.3M | $1.43B | $1.05B | $578.2M | $492.0M | $456.5M |
| Operating income | $60.2M | $53.5M | $54.1M | $66.0M | $48.3M | -$887.3M | -$446.1M | $83.9M | $134.3M | $176.7M |
| Interest expense | $30.4M | $32.2M | $32.4M | $35.3M | $38.7M | $37.9M | $30.8M | $27.7M | $12.4M | $94.0K |
| Pre-tax income | $34.3M | $61.9M | $18.1M | $22.6M | $9.5M | -$936.4M | -$475.3M | $56.9M | $122.2M | $177.0M |
| Income tax | $14.3M | $13.7M | $100.3M | $5.4M | $1.3M | $147.3M | $30.0M | $18.1M | $102.3M | $588.0K |
| Net income | $20.1M | $48.2M | $118.4M | $17.2M | $10.8M | -$789.1M | -$445.3M | $38.8M | $224.4M | $176.4M |
| EPS, basic | 0.32 | 0.73 | 1.77 | 0.25 | 0.16 | -11.74 | -6.65 | 0.55 | 3.13 | 2.46 |
| EPS, diluted | 0.32 | 0.72 | 1.74 | 0.25 | 0.15 | -11.74 | -6.65 | 0.55 | 3.13 | 2.46 |
| Shares, diluted (wtd. avg.) | 63.3M | 67.4M | 68.2M | 69.6M | 71.3M | 67.2M | 67.0M | 70.5M | 71.7M | 71.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $56.2M | $50.7M | $39.2M | $31.7M | $39.1M | $67.7M | $13.5M | $25.5M | $20.6M | $8.9M |
| Receivables | $131.9M | $133.7M | $125.4M | $107.9M | $98.9M | $93.6M | $101.8M | $108.9M | $100.9M | $98.3M |
| Total current assets | $211.6M | $214.3M | $178.4M | $148.6M | $147.4M | $178.1M | $122.4M | $153.9M | $142.6M | $119.5M |
| Property, plant and equipment | $35.2M | $40.7M | $43.9M | $45.2M | $43.0M | $41.3M | $43.7M | $41.5M | $39.7M | $20.5M |
| Goodwill | $167.2M | $143.3M | $147.1M | $102.9M | $26.2M | $0 | $505.9M | $884.4M | $788.1M | $788.1M |
| Other intangibles | $527.1M | $585.7M | $137.1M | $707.1M | $769.4M | $835.2M | $1.33B | $1.51B | $1.53B | $1.61B |
| Total assets | $1.06B | $1.11B | $1.17B | $1.02B | $1.01B | $1.08B | $2.03B | $2.60B | $2.51B | $2.55B |
| Accounts payable | $27.7M | $33.5M | $22.3M | $18.2M | $15.4M | $16.5M | $12.4M | $11.6M | $6.6M | $7.8M |
| Short-term debt | — | $0 | $23.1M | $14.1M | $8.9M | $7.8M | $31.4M | $26.9M | $21.2M | — |
| Total current liabilities | $113.4M | $116.9M | $145.7M | $106.0M | $94.3M | $90.4M | $98.8M | $110.7M | $90.1M | $72.0M |
| Long-term debt | $451.5M | $455.3M | $460.1M | $458.2M | $457.4M | $576.1M | $611.3M | $665.3M | $557.2M | $675.0M |
| Total liabilities | $589.9M | $600.4M | $680.3M | $640.4M | $609.2M | $735.5M | $886.9M | $973.6M | $831.9M | $130.0M |
| Retained earnings | -$941.5M | -$961.5M | -$1.01B | -$1.13B | -$1.15B | -$1.16B | -$367.1M | $118.2M | $176.6M | — |
| Total equity | $472.5M | $511.5M | $492.1M | $384.4M | $398.0M | $368.2M | $1.14B | $1.63B | $1.68B | $2.42B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $151.6M | $152.5M | $136.7M | $128.5M | $138.0M | $138.6M | $101.5M | $163.5M | $185.9M | $199.2M |
| Depreciation and amortisation | $29.0M | $26.7M | $22.3M | $16.4M | $16.3M | $18.9M | $18.3M | $12.8M | $10.8M | $8.3M |
| Stock-based compensation | $31.3M | $30.6M | $28.5M | $22.3M | $21.4M | $15.2M | $7.6M | $9.4M | $2.6M | — |
| Capital expenditure | $4.3M | $3.0M | $1.3M | $1.8M | $1.5M | $16.7M | $21.3M | $14.2M | $32.8M | $9.7M |
| Investing cash flow | -$49.4M | -$24.6M | -$97.0M | -$84.4M | -$39.5M | -$16.7M | -$21.9M | -$171.4M | -$32.8M | -$126.8M |
| Financing cash flow | -$96.6M | -$116.0M | -$31.7M | -$51.5M | -$127.2M | -$67.7M | -$91.5M | $12.7M | -$141.5M | -$63.6M |
| Buybacks | $86.9M | $49.2M | $31.3M | $49.0M | $0 | $0 | $40.0M | $97.2M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-015383.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $633.1M | $626.3M | $662.1M | $606.7M | $547.5M | $623.7M | $653.9M | $689.2M | $719.2M | $723.2M |
| Gross profit | $576.3M | $560.7M | $571.7M | — | — | — | — | — | — | — |
| Net income | $176.4M | $224.4M | $38.8M | -$445.3M | -$789.1M | $10.8M | $17.2M | $118.4M | $48.2M | $20.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Results announced Item 2.02
- Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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