Cars.com Inc (N:CARS)
Business Focus: Internet Services
| Sector: Technology | Industry: Internet Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 300 S Riverside Plz Ste 1000 CHICAGO IL 60606-6614 |
| Tel: | 1-312-6015929 |
| Website: | https://www.cars.com |
| IR: | See website |
| Key People | ||
| Doug Neal Miller President, Chief Commercial Officer | T. Alex Vetter Chief Executive Officer, Director | Sonia Jain Chief Financial Officer |
| Jeanette Tomy Executive Vice President - Finance, Treasurer | Angelique Strong Marks Chief Legal Officer | |
| Business Overview |
| Cars.com Inc., doing business as Cars Commerce Inc., is an audience-driven technology company. It is engaged in car buying and selling with products, solutions and artificial intelligence (AI)-driven technologies that span pretail, retail and post-sale activities. The Cars Commerce platform is organized around four brands: the flagship automotive marketplace and dealer reputation site Cars.com, digital retail technology and marketing services from Dealer Inspire, essential trade-in and appraisal technology from AccuTrade, and media solutions from the Cars Commerce Media Network. It enables shoppers with the data, resources and digital tools needed to make informed buying decisions and connect with automotive retailers. Cars.com enables dealerships and original equipment manufacturers with solutions and data-driven intelligence. Its products and solutions have attracted approximately 19,500 franchise and independent dealer customers across the United States and Canada to its platform. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Cars.com Inc revenues increased 5% to $689.2M. Net income increased from $17.2M to $118.4M. Revenues reflect Dealer increase of 7% to $621.7M. Net income benefited from Other income, net decrease of 56% to $3.6M (expense), Interest expense, net decrease of 8% to $32.4M (expense). Basic Earnings per Share excluding Extraordinary Items increased from $0.25 to $1.77. |
| Employees: | 1,700 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,507M as of Dec 31, 2023 |
| Annual revenue (TTM): | $689.18M as of Dec 31, 2023 |
| EBITDA (TTM): | $157.12M as of Dec 31, 2023 |
| Net annual income (TTM): | $118.44M as of Dec 31, 2023 |
| Free cash flow (TTM): | $135.44M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $444.05M as of Dec 31, 2023 |
| Shares outstanding: | 65,713,771 as of Feb 15, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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