Cars.com (CARS) Financials

$11.85 -0.05 (-0.42%)

As of 11:23 AM Eastern

Annual Income Statements for Cars.com

This table shows Cars.com's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	17	118	48
Consolidated Net Income / (Loss)	17	118	48
Net Income / (Loss) Continuing Operations	17	118	48
Total Pre-Tax Income	23	18	62
Total Operating Income	66	54	53
Total Gross Profit	654	689	719
Total Revenue	654	689	719
Operating Revenue	654	689	719
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	588	635	666
Selling, General & Admin Expense	68	77	89
Marketing Expense	222	235	232
Research & Development Expense	89	100	114
Depreciation Expense	94	101	107
Other Operating Expenses / (Income)	115	122	124
Total Other Income / (Expense), net	-43	-36	8.37
Interest Expense	35	32	32
Other Income / (Expense), net	-8.14	-3.59	41
Income Tax Expense	5.37	-100	14
Basic Earnings per Share	$0.25	$1.77	$0.73
Weighted Average Basic Shares Outstanding	68.22M	66.74M	66.01M
Diluted Earnings per Share	$0.25	$1.74	$0.72
Weighted Average Diluted Shares Outstanding	69.65M	68.23M	67.39M
Weighted Average Basic & Diluted Shares Outstanding	66.15M	65.71M	63.85M

This table shows Cars.com's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-2.94	10	11	94	4.49	8.35	0.78	11	19	17
Consolidated Net Income / (Loss)	-2.94	10	11	94	4.49	8.35	0.78	11	19	17
Net Income / (Loss) Continuing Operations	-2.94	10	11	94	4.49	8.35	0.78	11	19	17
Total Pre-Tax Income	-1.99	16	13	1.05	2.64	1.89	0.82	16	25	20
Total Operating Income	20	20	13	12	14	15	13	9.52	11	20
Total Gross Profit	165	168	167	168	174	180	180	179	180	180
Total Revenue	165	168	167	168	174	180	180	179	180	180
Operating Revenue	165	168	167	168	174	180	180	179	180	180
Total Operating Expenses	145	148	155	156	160	165	167	169	168	161
Selling, General & Admin Expense	18	16	18	18	18	23	23	23	22	21
Marketing Expense	54	57	58	58	60	59	59	60	58	54
Research & Development Expense	21	23	24	25	25	25	28	28	29	29
Depreciation Expense	23	24	24	25	26	27	27	28	28	25
Other Operating Expenses / (Income)	29	29	30	30	31	31	30	31	32	32
Total Other Income / (Expense), net	-22	-3.35	-0.01	-11	-12	-13	-12	6.88	13	0.33
Interest Expense	8.50	8.44	8.24	8.15	7.78	8.25	8.32	8.11	8.03	7.74
Other Income / (Expense), net	-13	5.09	8.24	-3.13	-3.90	-4.79	-3.60	15	21	8.06
Income Tax Expense	0.95	6.20	1.05	-93	-1.85	-6.46	0.04	5.02	5.82	2.80
Basic Earnings per Share	($0.04)	$0.15	$0.17	$1.41	$0.07	$0.12	$0.01	$0.17	$0.28	$0.27
Weighted Average Basic Shares Outstanding	67.68M	68.22M	66.53M	66.76M	66.77M	66.74M	66.32M	66.53M	66.11M	66.01M
Diluted Earnings per Share	($0.04)	$0.15	$0.17	$1.37	$0.07	$0.13	$0.01	$0.17	$0.28	$0.26
Weighted Average Diluted Shares Outstanding	67.68M	69.65M	67.75M	68.49M	68.51M	68.23M	67.29M	67.82M	67.67M	67.39M
Weighted Average Basic & Diluted Shares Outstanding	66.61M	66.15M	66.72M	66.47M	66.23M	65.71M	66.12M	66.02M	64.74M	63.85M

This table details how cash moves in and out of Cars.com's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-7.35	7.48	11
Net Cash From Operating Activities	129	137	153
Net Cash From Continuing Operating Activities	129	137	153
Net Income / (Loss) Continuing Operations	17	118	48
Consolidated Net Income / (Loss)	17	118	48
Depreciation Expense	16	22	27
Amortization Expense	79	81	83
Non-Cash Adjustments To Reconcile Net Income	24	29	27
Changes in Operating Assets and Liabilities, net	-8.50	-114	-32
Net Cash From Investing Activities	-84	-97	-25
Net Cash From Continuing Investing Activities	-84	-97	-25
Purchase of Property, Plant & Equipment	-20	-21	-24
Acquisitions	-65	-76	-0.22
Net Cash From Financing Activities	-51	-32	-116
Net Cash From Continuing Financing Activities	-51	-32	-116
Repayment of Debt	-41	-36	-32
Repurchase of Common Equity	-49	-31	-49
Issuance of Debt	45	45	0.00
Other Financing Activities, net	-6.26	-9.21	-35
Effect of Exchange Rate Changes	0.00	-0.44	-0.49
Cash Interest Paid	33	30	33
Cash Income Taxes Paid	0.55	18	6.49

This table details how cash moves in and out of Cars.com's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	14	-0.21	-13	9.77	20	-9.89	-7.84	-2.29	21	1.10
Net Cash From Operating Activities	49	37	28	28	35	45	33	35	54	30
Net Cash From Continuing Operating Activities	49	37	28	28	35	45	33	35	54	30
Net Income / (Loss) Continuing Operations	-2.94	10	11	94	4.49	8.35	0.78	11	19	17
Consolidated Net Income / (Loss)	-2.94	10	11	94	4.49	8.35	0.78	11	19	17
Depreciation Expense	3.98	4.55	4.88	5.51	5.97	5.96	6.36	6.36	6.58	7.37
Amortization Expense	19	19	19	20	20	21	22	22	21	18
Non-Cash Adjustments To Reconcile Net Income	6.06	6.08	6.43	8.41	8.21	6.36	8.82	9.95	8.51	-0.50
Changes in Operating Assets and Liabilities, net	23	-2.30	-14	-100	-3.73	3.08	-4.24	-14	-1.48	-12
Net Cash From Investing Activities	-5.84	-5.21	-5.37	-5.20	-5.01	-81	-6.01	-6.48	-6.54	-5.56
Net Cash From Continuing Investing Activities	-5.84	-5.21	-5.37	-5.20	-5.01	-81	-6.01	-6.48	-6.54	-5.56
Purchase of Property, Plant & Equipment	-5.84	-5.32	-5.37	-5.20	-5.01	-5.31	-6.01	-6.26	-6.54	-5.57
Acquisitions	-	0.11	0.00	-	-	-76	0.00	-0.22	-	0.00
Net Cash From Financing Activities	-29	-32	-36	-13	-9.91	27	-35	-31	-27	-23
Net Cash From Continuing Financing Activities	-29	-32	-36	-13	-9.91	27	-35	-31	-27	-23
Repayment of Debt	-13	-24	-19	-3.75	-3.75	-10	-10	-6.87	-5.00	-10
Repurchase of Common Equity	-17	-9.05	-7.10	-10	-6.16	-7.98	-9.10	-5.27	-21	-13
Other Financing Activities, net	-	0.58	-9.80	0.73	-	-0.14	-16	-19	-0.51	0.59
Effect of Exchange Rate Changes	-	-	0.00	-	-	-0.44	-0.09	-0.05	0.08	-0.44
Cash Interest Paid	1.38	14	1.49	14	1.27	14	2.57	14	1.56	14
Cash Income Taxes Paid	0.11	-0.20	0.10	12	4.83	0.53	1.17	3.47	0.87	0.98

This table presents Cars.com's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,025	1,172	1,112
Total Current Assets	149	178	214
Cash & Equivalents	32	39	51
Accounts Receivable	108	125	134
Prepaid Expenses	8.38	13	14
Other Current Assets	0.61	1.31	16
Plant, Property, & Equipment, net	45	44	41
Total Noncurrent Assets	831	950	857
Long-Term Investments	21	21	27
Goodwill	103	147	143
Intangible Assets	707	669	586
Noncurrent Deferred & Refundable Income Taxes	0.05	113	101
Total Liabilities & Shareholders' Equity	1,025	1,172	1,112
Total Liabilities	640	680	600
Total Current Liabilities	106	146	117
Short-Term Debt	14	23	0.00
Accounts Payable	18	22	33
Accrued Expenses	54	69	47
Current Employee Benefit Liabilities	19	32	36
Total Noncurrent Liabilities	534	535	483
Long-Term Debt	458	460	455
Noncurrent Deferred & Payable Income Tax Liabilities	1.40	8.76	6.77
Other Noncurrent Operating Liabilities	75	66	21
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	384	492	511
Total Preferred & Common Equity	384	492	511
Total Common Equity	384	492	511
Common Stock	1,513	1,501	1,475
Retained Earnings	-1,128	-1,010	-962
Accumulated Other Comprehensive Income / (Loss)	0.00	0.95	-1.60
Other Equity Adjustments	0.00	0.00	0.00

This table presents Cars.com's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,050	1,002	1,086	1,103	1,143	1,121	1,119
Total Current Assets	155	145	157	189	177	178	200
Cash & Equivalents	32	19	29	49	31	29	50
Accounts Receivable	107	114	111	118	126	129	125
Prepaid Expenses	11	11	10	14	12	10	16
Other Current Assets	5.09	0.41	7.36	8.43	7.64	10	9.57
Plant, Property, & Equipment, net	45	46	45	44	43	43	43
Total Noncurrent Assets	829	812	883	870	923	900	876
Long-Term Investments	-	21	20	20	21	23	24
Goodwill	102	103	103	103	146	145	146
Intangible Assets	726	688	669	649	647	626	605
Noncurrent Deferred & Refundable Income Taxes	-	-	91	97	109	105	101
Total Liabilities & Shareholders' Equity	1,050	1,002	1,086	1,103	1,143	1,121	1,119
Total Liabilities	674	617	608	620	662	624	616
Total Current Liabilities	106	107	121	131	109	117	111
Short-Term Debt	13	15	17	18	0.00	0.00	0.00
Accounts Payable	19	17	20	19	26	30	32
Accrued Expenses	59	62	68	73	66	64	50
Current Employee Benefit Liabilities	16	12	16	21	18	23	30
Total Noncurrent Liabilities	567	510	488	489	552	507	505
Long-Term Debt	483	439	434	430	474	470	465
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.00	0.00	0.00	8.69	8.22	8.29
Other Noncurrent Operating Liabilities	85	71	53	60	70	29	31
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	377	385	477	483	481	497	502
Total Preferred & Common Equity	377	385	477	483	481	497	502
Total Common Equity	377	385	477	483	481	497	502
Common Stock	1,516	1,502	1,500	1,501	1,490	1,495	1,481
Retained Earnings	-1,138	-1,117	-1,023	-1,018	-1,009	-998	-979
Accumulated Other Comprehensive Income / (Loss)	-0.72	0.00	0.00	0.00	0.21	-0.13	0.23
Other Equity Adjustments	-	-	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Cars.com's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	4.84%	5.40%	4.35%
EBITDA Growth	-3.58%	0.14%	32.40%
EBIT Growth	20.09%	-12.72%	86.15%
NOPAT Growth	-8.50%	603.43%	-88.23%
Net Income Growth	59.45%	588.38%	-59.32%
EPS Growth	66.67%	596.00%	-58.62%
Operating Cash Flow Growth	-6.88%	6.39%	11.56%
Free Cash Flow Firm Growth	-41.40%	381.71%	-71.97%
Invested Capital Growth	-0.01%	13.82%	-2.89%
Revenue Q/Q Growth	1.54%	1.68%	0.11%
EBITDA Q/Q Growth	12.04%	-6.44%	8.25%
EBIT Q/Q Growth	56.86%	-22.61%	23.18%
NOPAT Q/Q Growth	-83.61%	62.93%	-4.70%
Net Income Q/Q Growth	323.79%	-1.59%	22.83%
EPS Q/Q Growth	316.67%	-1.14%	22.03%
Operating Cash Flow Q/Q Growth	13.66%	6.15%	-9.03%
Free Cash Flow Firm Q/Q Growth	-80.77%	39.04%	496.35%
Invested Capital Q/Q Growth	-1.78%	6.26%	-0.54%
Profitability Metrics	-	-	-
Gross Margin	100.00%	100.00%	100.00%
EBITDA Margin	23.47%	22.30%	28.30%
Operating Margin	10.10%	7.85%	7.44%
EBIT Margin	8.85%	7.33%	13.08%
Profit (Net Income) Margin	2.63%	17.19%	6.70%
Tax Burden Percent	76.21%	654.20%	77.89%
Interest Burden Percent	38.99%	35.83%	65.77%
Effective Tax Rate	23.79%	-554.20%	22.11%
Return on Invested Capital (ROIC)	6.26%	41.18%	4.62%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.76%	-14.73%	6.25%
Return on Net Nonoperating Assets (RNNOA)	-1.86%	-14.16%	4.98%
Return on Equity (ROE)	4.40%	27.03%	9.60%
Cash Return on Invested Capital (CROIC)	6.27%	28.26%	7.55%
Operating Return on Assets (OROA)	5.70%	4.60%	8.24%
Return on Assets (ROA)	1.69%	10.78%	4.22%
Return on Common Equity (ROCE)	4.40%	27.03%	9.60%
Return on Equity Simple (ROE_SIMPLE)	4.48%	24.07%	9.42%
Net Operating Profit after Tax (NOPAT)	50	354	42
NOPAT Margin	7.70%	51.37%	5.79%
Net Nonoperating Expense Percent (NNEP)	8.02%	55.91%	-1.63%
Return On Investment Capital (ROIC_SIMPLE)	5.87%	36.30%	4.31%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	10.34%	11.14%	12.33%
R&D to Revenue	13.61%	14.45%	15.84%
Operating Expenses to Revenue	89.90%	92.15%	92.56%
Earnings before Interest and Taxes (EBIT)	58	51	94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	153	154	203
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.39	2.55	2.19
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.40	1.82	1.56
Price to Earnings (P/E)	53.31	10.61	23.28
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	1.88%	9.43%	4.30%
Enterprise Value to Invested Capital (EV/IC)	1.66	1.84	1.69
Enterprise Value to Revenue (EV/Rev)	2.04	2.44	2.08
Enterprise Value to EBITDA (EV/EBITDA)	8.71	10.93	7.37
Enterprise Value to EBIT (EV/EBIT)	23.09	33.24	15.94
Enterprise Value to NOPAT (EV/NOPAT)	26.56	4.74	35.98
Enterprise Value to Operating Cash Flow (EV/OCF)	10.40	12.28	9.83
Enterprise Value to Free Cash Flow (EV/FCFF)	26.51	6.91	22.02
Leverage & Solvency	-	-	-
Debt to Equity	1.23	0.98	0.89
Long-Term Debt to Equity	1.19	0.94	0.89
Financial Leverage	1.06	0.96	0.80
Leverage Ratio	2.60	2.51	2.28
Compound Leverage Factor	1.01	0.90	1.50
Debt to Total Capital	55.13%	49.55%	47.09%
Short-Term Debt to Total Capital	1.65%	2.37%	0.00%
Long-Term Debt to Total Capital	53.48%	47.17%	47.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	44.87%	50.45%	52.91%
Debt to EBITDA	3.08	3.14	2.24
Net Debt to EBITDA	2.73	2.75	1.85
Long-Term Debt to EBITDA	2.99	2.99	2.24
Debt to NOPAT	9.39	1.37	10.93
Net Debt to NOPAT	8.34	1.20	9.05
Long-Term Debt to NOPAT	9.11	1.30	10.93
Altman Z-Score	0.19	0.67	0.94
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.40	1.22	1.83
Quick Ratio	1.32	1.13	1.58
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	50	243	68
Operating Cash Flow to CapEx	651.88%	654.73%	625.59%
Free Cash Flow to Firm to Interest Expense	1.43	7.49	2.11
Operating Cash Flow to Interest Expense	3.64	4.22	4.74
Operating Cash Flow Less CapEx to Interest Expense	3.08	3.57	3.98
Efficiency Ratios	-	-	-
Asset Turnover	0.64	0.63	0.63
Accounts Receivable Turnover	6.32	5.91	5.55
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	14.82	15.47	17.01
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	57.73	61.78	65.76
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	57.73	61.78	65.76
Capital & Investment Metrics	-	-	-
Invested Capital	804	915	889
Invested Capital Turnover	0.81	0.80	0.80
Increase / (Decrease) in Invested Capital	-0.10	111	-26
Enterprise Value (EV)	1,337	1,679	1,499
Market Capitalization	917	1,256	1,122
Book Value per Share	$5.77	$7.43	$7.90
Tangible Book Value per Share	($6.39)	($4.89)	($3.36)
Total Capital	857	975	967
Total Debt	472	483	455
Total Long-Term Debt	458	460	455
Net Debt	420	423	377
Capital Expenditures (CapEx)	20	21	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	25	17	47
Debt-free Net Working Capital (DFNWC)	57	56	97
Net Working Capital (NWC)	43	33	97
Net Nonoperating Expense (NNE)	33	236	-6.52
Net Nonoperating Obligations (NNO)	420	423	377
Total Depreciation and Amortization (D&A)	96	103	109
Debt-free, Cash-free Net Working Capital to Revenue	3.83%	2.41%	6.50%
Debt-free Net Working Capital to Revenue	8.68%	8.10%	13.55%
Net Working Capital to Revenue	6.52%	4.74%	13.55%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.25	$1.77	$0.73
Adjusted Weighted Average Basic Shares Outstanding	68.22M	66.74M	66.01M
Adjusted Diluted Earnings per Share	$0.25	$1.74	$0.72
Adjusted Weighted Average Diluted Shares Outstanding	69.65M	68.23M	67.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	66.15M	65.71M	63.85M
Normalized Net Operating Profit after Tax (NOPAT)	50	38	42
Normalized NOPAT Margin	7.70%	5.50%	5.79%
Pre Tax Income Margin	3.45%	2.63%	8.60%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.64	1.56	2.92
NOPAT to Interest Expense	1.42	10.92	1.29
EBIT Less CapEx to Interest Expense	1.08	0.91	2.16
NOPAT Less CapEx to Interest Expense	0.87	10.27	0.54
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	284.68%	26.42%	102.06%

This table displays calculated financial ratios and metrics derived from Cars.com's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.14%	6.25%	5.60%	3.26%	5.92%	6.78%	7.85%	6.37%	3.05%	0.46%
EBITDA Growth	-27.02%	52.22%	19.24%	-10.65%	26.46%	-22.00%	-16.70%	51.94%	64.52%	41.34%
EBIT Growth	-46.15%	535.63%	86.28%	-39.98%	59.95%	-59.26%	-55.99%	166.35%	212.66%	174.47%
NOPAT Growth	22.01%	334.33%	-56.01%	8,036.69%	74.93%	433.75%	6.10%	-99.40%	-64.13%	-74.17%
Net Income Growth	-220.98%	455.83%	164.49%	1,597.49%	252.70%	-18.67%	-93.17%	-87.91%	316.81%	107.33%
EPS Growth	-233.33%	475.00%	183.33%	1,612.50%	275.00%	-13.33%	-94.12%	-87.59%	300.00%	100.00%
Operating Cash Flow Growth	33.88%	70.91%	-7.30%	135.20%	-27.78%	21.28%	18.93%	25.72%	51.97%	-33.52%
Free Cash Flow Firm Growth	-133.82%	-63.28%	377.29%	2,261.67%	40.96%	-463.09%	-239.76%	-102.58%	-29.38%	196.10%
Invested Capital Growth	5.79%	-0.01%	-6.36%	2.40%	5.20%	13.82%	13.02%	3.93%	3.75%	-2.89%
Revenue Q/Q Growth	1.06%	2.19%	-0.67%	0.66%	3.66%	3.02%	0.32%	-0.71%	0.42%	0.43%
EBITDA Q/Q Growth	-24.85%	65.05%	-7.01%	-22.52%	6.36%	1.80%	-0.69%	41.31%	15.16%	-12.54%
EBIT Q/Q Growth	-57.52%	282.43%	-16.61%	-55.70%	13.21%	-2.60%	-9.90%	168.10%	32.89%	-14.50%
NOPAT Q/Q Growth	2.60%	-11.34%	-7.01%	9,519.08%	-97.79%	170.52%	-81.52%	-45.79%	32.30%	94.81%
Net Income Q/Q Growth	-153.04%	448.93%	11.86%	719.98%	-95.23%	85.84%	-90.61%	1,351.66%	64.48%	-7.56%
EPS Q/Q Growth	-150.00%	475.00%	13.33%	705.88%	-94.89%	85.71%	-92.31%	1,600.00%	64.71%	-7.14%
Operating Cash Flow Q/Q Growth	311.10%	-24.06%	-24.39%	-0.36%	26.24%	27.52%	-25.86%	5.34%	52.59%	-44.22%
Free Cash Flow Firm Q/Q Growth	38.47%	140.34%	428.19%	1,548.76%	-101.68%	-148.06%	-103.31%	69.53%	15.81%	284.26%
Invested Capital Q/Q Growth	-4.71%	-1.78%	-0.60%	10.06%	-2.10%	6.26%	-1.30%	1.21%	-2.27%	-0.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	17.70%	28.58%	26.76%	20.60%	21.13%	20.88%	20.67%	29.42%	33.74%	29.38%
Operating Margin	12.09%	11.78%	7.50%	7.33%	8.21%	8.32%	7.07%	5.32%	6.38%	10.96%
EBIT Margin	3.96%	14.81%	12.43%	5.47%	5.97%	5.65%	5.07%	13.70%	18.13%	15.43%
Profit (Net Income) Margin	-1.79%	6.10%	6.87%	55.97%	2.58%	4.65%	0.44%	6.36%	10.42%	9.59%
Tax Burden Percent	147.86%	62.34%	91.66%	8,955.85%	170.18%	441.35%	95.61%	69.40%	76.28%	86.06%
Interest Burden Percent	-30.54%	66.10%	60.30%	11.42%	25.34%	18.64%	8.97%	66.91%	75.35%	72.21%
Effective Tax Rate	0.00%	37.66%	8.34%	-8,855.85%	-70.18%	-341.35%	4.39%	30.60%	23.72%	13.94%
Return on Invested Capital (ROIC)	6.84%	5.97%	5.51%	504.71%	11.28%	29.42%	5.58%	2.94%	3.98%	7.52%
ROIC Less NNEP Spread (ROIC-NNEP)	2.87%	5.46%	5.51%	272.39%	6.43%	15.76%	2.85%	4.10%	6.58%	7.59%
Return on Net Nonoperating Assets (RNNOA)	3.28%	5.77%	6.15%	272.72%	6.14%	15.15%	2.75%	3.45%	5.13%	6.06%
Return on Equity (ROE)	10.13%	11.74%	11.66%	777.43%	17.42%	44.58%	8.33%	6.38%	9.12%	13.58%
Cash Return on Invested Capital (CROIC)	32.93%	6.27%	12.55%	27.54%	20.80%	28.26%	95.21%	2.74%	1.30%	7.55%
Operating Return on Assets (OROA)	2.49%	9.53%	7.95%	3.42%	3.76%	3.54%	3.32%	8.86%	11.72%	9.72%
Return on Assets (ROA)	-1.12%	3.93%	4.40%	34.99%	1.62%	2.91%	0.28%	4.11%	6.74%	6.04%
Return on Common Equity (ROCE)	10.13%	11.74%	11.66%	777.43%	17.42%	44.58%	8.33%	6.38%	9.12%	13.58%
Return on Equity Simple (ROE_SIMPLE)	1.08%	0.00%	6.32%	23.65%	24.92%	0.00%	22.38%	5.03%	7.81%	0.00%
Net Operating Profit after Tax (NOPAT)	14	12	11	1,105	24	66	12	6.61	8.74	17
NOPAT Margin	8.46%	7.34%	6.87%	656.82%	13.98%	36.70%	6.76%	3.69%	4.86%	9.44%
Net Nonoperating Expense Percent (NNEP)	3.97%	0.51%	0.00%	232.32%	4.85%	13.66%	2.73%	-1.17%	-2.59%	-0.07%
Return On Investment Capital (ROIC_SIMPLE)	-	1.44%	-	-	-	6.76%	-	-	-	1.76%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	10.75%	9.59%	10.96%	10.49%	10.20%	12.84%	12.69%	12.85%	11.97%	11.84%
R&D to Revenue	13.02%	13.77%	14.43%	14.84%	14.51%	14.05%	15.59%	15.42%	16.27%	16.09%
Operating Expenses to Revenue	87.91%	88.22%	92.50%	92.67%	91.79%	91.68%	92.93%	94.68%	93.62%	89.04%
Earnings before Interest and Taxes (EBIT)	6.51	25	21	9.20	10	10	9.14	25	33	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	29	48	45	35	37	38	37	53	61	53
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.07	2.39	3.32	2.77	2.32	2.55	2.36	2.62	2.20	2.19
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.21	1.40	1.93	1.98	1.65	1.82	1.62	1.83	1.54	1.56
Price to Earnings (P/E)	192.23	53.31	52.44	11.71	9.31	10.61	10.56	52.10	28.21	23.28
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.52%	1.88%	1.91%	8.54%	10.74%	9.43%	9.47%	1.92%	3.55%	4.30%
Enterprise Value to Invested Capital (EV/IC)	1.52	1.66	2.12	1.96	1.74	1.84	1.73	1.88	1.68	1.69
Enterprise Value to Revenue (EV/Rev)	1.93	2.04	2.55	2.58	2.21	2.44	2.22	2.41	2.08	2.08
Enterprise Value to EBITDA (EV/EBITDA)	9.08	8.71	10.52	11.02	9.12	10.93	10.67	10.47	7.97	7.37
Enterprise Value to EBIT (EV/EBIT)	33.71	23.09	25.05	28.10	22.96	33.24	40.09	31.73	19.61	15.94
Enterprise Value to NOPAT (EV/NOPAT)	4.05	26.56	34.19	6.63	6.90	4.74	1.71	29.04	34.25	35.98
Enterprise Value to Operating Cash Flow (EV/OCF)	11.00	10.40	13.39	12.11	11.64	12.28	10.98	11.52	8.93	9.83
Enterprise Value to Free Cash Flow (EV/FCFF)	4.74	26.51	16.30	7.20	8.58	6.91	1.92	69.86	131.18	22.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.32	1.23	1.18	0.94	0.93	0.98	0.98	0.95	0.93	0.89
Long-Term Debt to Equity	1.28	1.19	1.14	0.91	0.89	0.94	0.98	0.95	0.93	0.89
Financial Leverage	1.14	1.06	1.12	1.00	0.95	0.96	0.97	0.84	0.78	0.80
Leverage Ratio	2.76	2.60	2.65	2.46	2.51	2.51	2.48	2.26	2.25	2.28
Compound Leverage Factor	-0.84	1.72	1.60	0.28	0.63	0.47	0.22	1.52	1.70	1.64
Debt to Total Capital	56.83%	55.13%	54.12%	48.57%	48.11%	49.55%	49.60%	48.59%	48.06%	47.09%
Short-Term Debt to Total Capital	1.47%	1.65%	1.84%	1.81%	1.94%	2.37%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	55.35%	53.48%	52.28%	46.77%	46.16%	47.17%	49.60%	48.59%	48.06%	47.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.17%	44.87%	45.88%	51.43%	51.89%	50.45%	50.40%	51.41%	51.94%	52.91%
Debt to EBITDA	3.62	3.08	2.83	2.88	2.73	3.14	3.24	2.86	2.47	2.24
Net Debt to EBITDA	3.38	2.73	2.58	2.57	2.30	2.75	2.89	2.54	2.08	1.85
Long-Term Debt to EBITDA	3.52	2.99	2.73	2.77	2.62	2.99	3.24	2.86	2.47	2.24
Debt to NOPAT	1.61	9.39	9.18	1.73	2.06	1.37	0.52	7.93	10.63	10.93
Net Debt to NOPAT	1.51	8.34	8.37	1.55	1.74	1.20	0.46	7.05	8.94	9.05
Long-Term Debt to NOPAT	1.57	9.11	8.87	1.67	1.98	1.30	0.52	7.93	10.63	10.93
Altman Z-Score	-0.13	0.09	0.46	0.67	0.50	0.55	0.51	0.78	0.69	0.75
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.45	1.40	1.35	1.30	1.45	1.22	1.62	1.53	1.79	1.83
Quick Ratio	1.31	1.32	1.24	1.16	1.28	1.13	1.44	1.35	1.57	1.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-31	12	66	1,084	-18	-45	-92	-28	-24	43
Operating Cash Flow to CapEx	838.66%	700.28%	523.94%	539.46%	707.11%	850.57%	556.59%	562.98%	822.43%	539.21%
Free Cash Flow to Firm to Interest Expense	-3.63	1.47	7.98	133.01	-2.34	-5.48	-11.04	-3.45	-2.94	5.61
Operating Cash Flow to Interest Expense	5.77	4.41	3.41	3.44	4.55	5.47	4.02	4.35	6.70	3.88
Operating Cash Flow Less CapEx to Interest Expense	5.08	3.78	2.76	2.80	3.91	4.83	3.30	3.58	5.89	3.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.64	0.64	0.63	0.63	0.63	0.65	0.65	0.65	0.63
Accounts Receivable Turnover	6.25	6.32	6.31	6.20	6.02	5.91	5.86	5.95	5.90	5.55
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.06	14.82	14.95	15.06	15.16	15.47	15.77	16.17	16.55	17.01
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	58.44	57.73	57.84	58.91	60.65	61.78	62.29	61.37	61.86	65.76
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	58.44	57.73	57.84	58.91	60.65	61.78	62.29	61.37	61.86	65.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	819	804	799	880	861	915	903	914	894	889
Invested Capital Turnover	0.81	0.81	0.80	0.77	0.81	0.80	0.83	0.79	0.82	0.80
Increase / (Decrease) in Invested Capital	45	-0.10	-54	21	43	111	104	35	32	-26
Enterprise Value (EV)	1,244	1,337	1,691	1,725	1,499	1,679	1,560	1,720	1,498	1,499
Market Capitalization	780	917	1,277	1,322	1,121	1,256	1,138	1,302	1,106	1,122
Book Value per Share	$5.55	$5.77	$5.82	$7.16	$7.27	$7.43	$7.26	$7.52	$7.61	$7.90
Tangible Book Value per Share	($6.66)	($6.39)	($6.13)	($4.41)	($4.05)	($4.89)	($4.70)	($4.15)	($3.76)	($3.36)
Total Capital	872	857	839	928	931	975	955	967	967	967
Total Debt	496	472	454	451	448	483	474	470	465	455
Total Long-Term Debt	483	458	439	434	430	460	474	470	465	455
Net Debt	464	420	414	402	378	423	422	417	391	377
Capital Expenditures (CapEx)	5.84	5.32	5.37	5.20	5.01	5.31	6.01	6.26	6.54	5.57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	29	25	34	25	27	17	36	32	39	47
Debt-free Net Working Capital (DFNWC)	61	57	53	54	76	56	68	61	89	97
Net Working Capital (NWC)	48	43	37	37	58	33	68	61	89	97
Net Nonoperating Expense (NNE)	17	2.09	0.00	1,010	20	58	11	-4.78	-9.98	-0.28
Net Nonoperating Obligations (NNO)	442	420	414	402	378	423	422	417	391	377
Total Depreciation and Amortization (D&A)	23	23	24	25	26	27	28	28	28	25
Debt-free, Cash-free Net Working Capital to Revenue	4.53%	3.83%	5.12%	3.73%	4.03%	2.41%	5.19%	4.54%	5.42%	6.50%
Debt-free Net Working Capital to Revenue	9.49%	8.68%	7.96%	8.01%	11.28%	8.10%	9.66%	8.62%	12.32%	13.55%
Net Working Capital to Revenue	7.50%	6.52%	5.63%	5.50%	8.61%	4.74%	9.66%	8.62%	12.32%	13.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.04)	$0.15	$0.17	$1.41	$0.07	$0.12	$0.01	$0.17	$0.28	$0.27
Adjusted Weighted Average Basic Shares Outstanding	67.68M	68.22M	66.53M	66.76M	66.77M	66.74M	66.32M	66.53M	66.11M	66.01M
Adjusted Diluted Earnings per Share	($0.04)	$0.15	$0.17	$1.37	$0.07	$0.13	$0.01	$0.17	$0.28	$0.26
Adjusted Weighted Average Diluted Shares Outstanding	67.68M	69.65M	67.75M	68.49M	68.51M	68.23M	67.29M	67.82M	67.67M	67.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	66.61M	66.15M	66.72M	66.47M	66.23M	65.71M	66.12M	66.02M	64.74M	63.85M
Normalized Net Operating Profit after Tax (NOPAT)	14	12	11	8.63	10	10	12	6.61	8.74	17
Normalized NOPAT Margin	8.46%	7.34%	6.87%	5.13%	5.75%	5.82%	6.76%	3.69%	4.86%	9.44%
Pre Tax Income Margin	-1.21%	9.79%	7.50%	0.62%	1.51%	1.05%	0.46%	9.17%	13.66%	11.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.77	2.95	2.52	1.13	1.34	1.23	1.10	3.02	4.06	3.60
NOPAT to Interest Expense	1.64	1.46	1.39	135.54	3.13	7.99	1.46	0.81	1.09	2.20
EBIT Less CapEx to Interest Expense	0.08	2.32	1.87	0.49	0.70	0.59	0.38	2.25	3.24	2.88
NOPAT Less CapEx to Interest Expense	0.95	0.83	0.74	134.90	2.49	7.34	0.74	0.04	0.27	1.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	983.57%	284.68%	209.83%	38.15%	26.89%	26.42%	30.90%	113.99%	111.30%	102.06%

Frequently Asked Questions About Cars.com's Financials

When does Cars.com's fiscal year end?

According to the most recent income statement we have on file, Cars.com's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Cars.com's net income changed over the last 2 years?

Cars.com's net income appears to be on an upward trend, with a most recent value of $48.19 million in 2024, rising from $17.21 million in 2022. The previous period was $118.44 million in 2023. See Cars.com's forecast for analyst expectations on what’s next for the company.

What is Cars.com's operating income?

Cars.com's total operating income in 2024 was $53.50 million, based on the following breakdown:

Total Gross Profit: $719.15 million
Total Operating Expenses: $665.65 million

How has Cars.com revenue changed over the last 2 years?

Over the last 2 years, Cars.com's total revenue changed from $653.88 million in 2022 to $719.15 million in 2024, a change of 10.0%.

How much debt does Cars.com have?

Cars.com's total liabilities were at $600.38 million at the end of 2024, a 11.8% decrease from 2023, and a 6.3% decrease since 2022.

How much cash does Cars.com have?

In the past 2 years, Cars.com's cash and equivalents has ranged from $31.72 million in 2022 to $50.67 million in 2024, and is currently $50.67 million as of their latest financial filing in 2024.

How has Cars.com's book value per share changed over the last 2 years?

Over the last 2 years, Cars.com's book value per share changed from 5.77 in 2022 to 7.90 in 2024, a change of 36.9%.

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This page (NYSE:CARS) was last updated on 5/5/2025 by MarketBeat.com Staff

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Cars.com (CARS) Financials

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Cars.com (CARS) Financials

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