Cars.com (CARS) Financials

$11.19 +0.29 (+2.62%)

Closing price 06/20/2025 03:59 PM Eastern

Extended Trading

$11.52 +0.33 (+2.94%)

As of 06/20/2025 07:55 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	158	176	224	39	-445	-789	11	17	118	48
Consolidated Net Income / (Loss)	158	176	224	39	-445	-789	11	17	118	48
Net Income / (Loss) Continuing Operations	158	176	224	39	-445	-789	11	17	118	48
Total Pre-Tax Income	158	177	122	57	-475	-936	9.48	23	18	62
Total Operating Income	158	177	134	84	-446	-887	48	66	54	53
Total Gross Profit	543	568	617	647	586	537	624	654	689	719
Total Revenue	590	625	617	647	586	537	624	654	689	719
Operating Revenue	590	625	617	647	586	537	624	654	689	719
Total Cost of Revenue	46	57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	386	391	483	563	1,032	1,424	575	588	635	666
Selling, General & Admin Expense	23	24	45	73	74	59	74	68	77	89
Marketing Expense	212	211	210	227	217	183	208	222	235	232
Research & Development Expense	70	73	-	69	63	61	77	89	100	114
Depreciation Expense	81	83	89	104	117	113	102	94	101	107
Other Operating Expenses / (Income)	-	-	140	90	100	102	114	115	122	124
Total Other Income / (Expense), net	0.11	0.31	-12	-27	-29	-49	-39	-43	-36	8.37
Interest Expense	-0.00	-0.09	12	28	31	38	39	35	32	32
Other Income / (Expense), net	0.10	0.21	0.28	0.72	1.56	-11	-0.13	-8.14	-3.59	41
Income Tax Expense	-	0.59	-102	18	-30	-147	-1.31	5.37	-100	14
Basic Earnings per Share	$2.20	$2.46	$3.13	$0.55	($6.65)	($11.74)	$0.16	$0.25	$1.77	$0.73
Weighted Average Basic Shares Outstanding	71.59M	71.59M	71.66M	70.32M	67.00M	67.24M	68.73M	68.22M	66.74M	66.01M
Diluted Earnings per Share	$2.20	$2.46	$3.13	$0.55	($6.65)	($11.74)	$0.15	$0.25	$1.74	$0.72
Weighted Average Diluted Shares Outstanding	71.59M	71.59M	71.73M	70.55M	67.00M	67.24M	71.34M	69.65M	68.23M	67.39M
Weighted Average Basic & Diluted Shares Outstanding	-	71.70M	71.70M	70.60M	66.81M	67.41M	69.17M	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	Q1 2025
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	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-2.94	10	11	94	4.49	8.35	0.78	11	19	17	-2.01
Consolidated Net Income / (Loss)	-2.94	10	11	94	4.49	8.35	0.78	11	19	17	-2.01
Net Income / (Loss) Continuing Operations	-2.94	10	11	94	4.49	8.35	0.78	11	19	17	-2.01
Total Pre-Tax Income	-1.99	16	13	1.05	2.64	1.89	0.82	16	25	20	-1.23
Total Operating Income	20	20	13	12	14	15	13	9.52	11	20	6.46
Total Gross Profit	165	168	167	168	174	180	180	179	180	180	179
Total Revenue	165	168	167	168	174	180	180	179	180	180	179
Operating Revenue	165	168	167	168	174	180	180	179	180	180	179
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	145	148	155	156	160	165	167	169	168	161	173
Selling, General & Admin Expense	18	16	18	18	18	23	23	23	22	21	26
Marketing Expense	54	57	58	58	60	59	59	60	58	54	60
Research & Development Expense	21	23	24	25	25	25	28	28	29	29	28
Depreciation Expense	23	24	24	25	26	27	27	28	28	25	27
Other Operating Expenses / (Income)	29	29	30	30	31	31	30	31	32	32	31
Total Other Income / (Expense), net	-22	-3.35	-0.01	-11	-12	-13	-12	6.88	13	0.33	-7.69
Interest Expense	8.50	8.44	8.24	8.15	7.78	8.25	8.32	8.11	8.03	7.74	7.67
Other Income / (Expense), net	-13	5.09	8.24	-3.13	-3.90	-4.79	-3.60	15	21	8.06	-0.03
Income Tax Expense	0.95	6.20	1.05	-93	-1.85	-6.46	0.04	5.02	5.82	2.80	0.78
Basic Earnings per Share	($0.04)	$0.15	$0.17	$1.41	$0.07	$0.12	$0.01	$0.17	$0.28	$0.27	($0.03)
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	64.47M
Diluted Earnings per Share	($0.04)	$0.15	$0.17	$1.37	$0.07	$0.13	$0.01	$0.17	$0.28	$0.26	($0.03)
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	64.47M
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	62.89M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-0.09	8.80	12	4.90	-4.66	54	-29	-7.35	7.48	11
Net Cash From Operating Activities	190	199	186	164	101	139	138	129	137	153
Net Cash From Continuing Operating Activities	190	199	186	164	109	139	138	129	137	153
Net Income / (Loss) Continuing Operations	158	176	224	39	-445	-789	11	17	118	48
Consolidated Net Income / (Loss)	158	176	224	39	-445	-789	11	17	118	48
Depreciation Expense	8.16	8.28	11	13	18	19	16	16	22	27
Amortization Expense	47	50	53	67	81	108	95	79	81	83
Non-Cash Adjustments To Reconcile Net Income	2.22	3.03	-88	31	429	800	22	24	29	27
Changes in Operating Assets and Liabilities, net	-26	-38	-15	14	25	0.23	-5.35	-8.50	-114	-32
Net Cash From Investing Activities	-1.15	-127	-33	-171	-22	-17	-39	-84	-97	-25
Net Cash From Continuing Investing Activities	-1.15	-127	-33	-171	-22	-17	-39	-84	-97	-25
Purchase of Property, Plant & Equipment	-9.11	-9.70	-33	-14	-21	-17	-19	-20	-21	-24
Acquisitions	-	-115	0.00	-157	0.00	0.00	-20	-65	-76	-0.22
Net Cash From Financing Activities	-189	-64	-141	13	-92	-68	-127	-51	-32	-116
Net Cash From Continuing Financing Activities	-189	-64	-141	13	-92	-68	-127	-51	-32	-116
Repayment of Debt	-	-	-97	-85	-61	-633	-120	-41	-36	-32
Repurchase of Common Equity	-	-	0.00	-97	-40	0.00	0.00	-49	-31	-49
Issuance of Debt	-	-	675	195	10	565	0.00	45	45	0.00
Other Financing Activities, net	-189	-64	-69	0.38	-0.29	0.24	-7.19	-6.26	-9.21	-35
Effect of Exchange Rate Changes	-	-	-	-	-	-	0.00	0.00	-0.44	-0.49
Cash Interest Paid	-	-	12	27	30	26	38	33	30	33
Cash Income Taxes Paid	-	-	12	0.01	1.74	0.81	-7.99	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	Q1 2025
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	3/31/2025
Net Change in Cash & Equivalents	14	-0.21	-13	9.77	20	-9.89	-7.84	-2.29	21	1.10	-19
Net Cash From Operating Activities	49	37	28	28	35	45	33	35	54	30	29
Net Cash From Continuing Operating Activities	49	37	28	28	35	45	33	35	54	30	29
Net Income / (Loss) Continuing Operations	-2.94	10	11	94	4.49	8.35	0.78	11	19	17	-2.01
Consolidated Net Income / (Loss)	-2.94	10	11	94	4.49	8.35	0.78	11	19	17	-2.01
Depreciation Expense	3.98	4.55	4.88	5.51	5.97	5.96	6.36	6.36	6.58	7.37	9.66
Amortization Expense	19	19	19	20	20	21	22	22	21	18	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	8.68
Changes in Operating Assets and Liabilities, net	23	-2.30	-14	-100	-3.73	3.08	-4.24	-14	-1.48	-12	-4.73
Net Cash From Investing Activities	-5.84	-5.21	-5.37	-5.20	-5.01	-81	-6.01	-6.48	-6.54	-5.56	-21
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	-21
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	-5.80
Acquisitions	-	0.11	0.00	-	-	-76	0.00	-0.22	-	0.00	-24
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	-	9.48
Net Cash From Financing Activities	-29	-32	-36	-13	-9.91	27	-35	-31	-27	-23	-27
Net Cash From Continuing Financing Activities	-29	-32	-36	-13	-9.91	27	-35	-31	-27	-23	-27
Repayment of Debt	-13	-24	-19	-3.75	-3.75	-10	-10	-6.87	-5.00	-10	-10
Repurchase of Common Equity	-17	-9.05	-7.10	-10	-6.16	-7.98	-9.10	-5.27	-21	-13	-22
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	-	10
Other Financing Activities, net	-	0.58	-9.80	0.73	-	-0.14	-16	-19	-0.51	0.59	-5.85
Effect of Exchange Rate Changes	-	-	0.00	-	-	-0.44	-0.09	-0.05	0.08	-0.44	-0.57
Cash Interest Paid	1.38	14	1.49	14	1.27	14	2.57	14	1.56	14	1.16
Cash Income Taxes Paid	0.11	-0.20	0.10	12	4.83	0.53	1.17	3.47	0.87	0.98	1.32

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	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	2,547	2,511	2,601	2,028	1,076	1,007	1,025	1,172	1,112
Total Current Assets	120	143	154	122	178	147	149	178	214
Cash & Equivalents	8.90	21	25	14	68	39	32	39	51
Accounts Receivable	98	101	109	102	94	99	108	125	134
Prepaid Expenses	11	11	9.26	6.53	6.49	7.81	8.38	13	14
Other Current Assets	0.94	9.81	10	0.60	10	1.67	0.61	1.31	16
Plant, Property, & Equipment, net	20	40	41	44	41	43	45	44	41
Total Noncurrent Assets	2,407	2,329	2,405	1,862	856	796	831	950	857
Long-Term Investments	12	11	10	26	21	-	21	21	27
Goodwill	788	788	884	506	0.00	26	103	147	143
Intangible Assets	1,607	1,530	1,510	1,329	835	769	707	669	586
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	0.05	113	101
Total Liabilities & Shareholders' Equity	2,547	2,511	2,601	2,028	1,076	1,007	1,025	1,172	1,112
Total Liabilities	130	832	974	887	736	609	640	680	600
Total Current Liabilities	72	90	111	99	90	94	106	146	117
Short-Term Debt	-	21	27	31	7.76	8.94	14	23	0.00
Accounts Payable	7.84	6.58	12	12	17	15	18	22	33
Accrued Expenses	-	23	37	38	48	46	54	69	47
Current Employee Benefit Liabilities	21	14	17	17	18	24	19	32	36
Total Noncurrent Liabilities	58	742	863	788	645	515	534	535	483
Long-Term Debt	-	557	665	611	576	457	458	460	455
Noncurrent Deferred & Payable Income Tax Liabilities	8.33	146	178	133	31	-	1.40	8.76	6.77
Other Noncurrent Operating Liabilities	46	38	20	44	38	58	75	66	21
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,417	1,679	1,627	1,141	340	398	384	492	511
Total Preferred & Common Equity	2,417	1,679	1,627	1,141	340	398	384	492	511
Total Common Equity	2,417	1,679	1,627	1,141	340	398	384	492	511
Common Stock	-	1,503	1,509	1,516	1,531	1,545	1,513	1,501	1,475
Retained Earnings	-	177	118	-367	-1,184	-1,145	-1,128	-1,010	-962
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	-7.64	-6.80	-2.00	0.00	0.95	-1.60
Other Equity Adjustments	2,417	-	-	0.00	0.00	-	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	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	1,051	1,050	1,002	1,086	1,103	1,143	1,121	1,119	1,084
Total Current Assets	138	155	145	157	189	177	178	200	183
Cash & Equivalents	18	32	19	29	49	31	29	50	31
Accounts Receivable	104	107	114	111	118	126	129	125	131
Prepaid Expenses	11	11	11	10	14	12	10	16	12
Other Current Assets	3.80	5.09	0.41	7.36	8.43	7.64	10	9.57	8.39
Plant, Property, & Equipment, net	44	45	46	45	44	43	43	43	37
Total Noncurrent Assets	870	829	812	883	870	923	900	876	864
Long-Term Investments	22	-	21	20	20	21	23	24	27
Goodwill	103	102	103	103	103	146	145	146	165
Intangible Assets	745	726	688	669	649	647	626	605	571
Noncurrent Deferred & Refundable Income Taxes	-	-	-	91	97	109	105	101	101
Total Liabilities & Shareholders' Equity	1,051	1,050	1,002	1,086	1,103	1,143	1,121	1,119	1,084
Total Liabilities	660	674	617	608	620	662	624	616	594
Total Current Liabilities	85	106	107	121	131	109	117	111	111
Short-Term Debt	12	13	15	17	18	0.00	0.00	0.00	0.00
Accounts Payable	13	19	17	20	19	26	30	32	29
Accrued Expenses	46	59	62	68	73	66	64	50	53
Current Employee Benefit Liabilities	14	16	12	16	21	18	23	30	28
Total Noncurrent Liabilities	575	567	510	488	489	552	507	505	483
Long-Term Debt	496	483	439	434	430	474	470	465	456
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.00	0.00	0.00	0.00	8.69	8.22	8.29	6.80
Other Noncurrent Operating Liabilities	79	85	71	53	60	70	29	31	20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	391	377	385	477	483	481	497	502	490
Total Preferred & Common Equity	391	377	385	477	483	481	497	502	490
Total Common Equity	391	377	385	477	483	481	497	502	490
Common Stock	1,527	1,516	1,502	1,500	1,501	1,490	1,495	1,481	1,456
Retained Earnings	-1,135	-1,138	-1,117	-1,023	-1,018	-1,009	-998	-979	-964
Accumulated Other Comprehensive Income / (Loss)	0.00	-0.72	0.00	0.00	0.00	0.21	-0.13	0.23	-2.05
Other Equity Adjustments	0.00	-	-	0.00	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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	5.90%	-1.16%	4.75%	-9.39%	-8.42%	16.24%	4.84%	5.40%	4.35%
EBITDA Growth	0.00%	9.99%	-15.33%	-17.21%	-309.61%	-123.68%	120.63%	-3.58%	0.14%	32.40%
EBIT Growth	0.00%	12.06%	-23.93%	-37.08%	-625.13%	-102.15%	105.37%	20.09%	-12.72%	86.15%
NOPAT Growth	0.00%	11.62%	40.10%	-76.81%	-645.77%	-98.93%	108.86%	-8.50%	603.43%	-88.23%
Net Income Growth	0.00%	11.74%	27.26%	-82.71%	-1,247.48%	-77.20%	101.37%	59.45%	588.38%	-59.32%
EPS Growth	0.00%	11.82%	27.24%	-82.43%	-1,309.09%	-76.54%	101.28%	66.67%	596.00%	-58.62%
Operating Cash Flow Growth	0.00%	4.79%	-6.64%	-12.04%	-37.95%	36.59%	-0.44%	-6.88%	6.39%	11.56%
Free Cash Flow Firm Growth	0.00%	0.00%	118.80%	-100.07%	83,616.03%	26.38%	-70.05%	-41.40%	381.71%	-71.97%
Invested Capital Growth	0.00%	0.00%	-7.12%	2.58%	-23.63%	-52.10%	-3.72%	-0.01%	13.82%	-2.89%
Revenue Q/Q Growth	0.00%	0.00%	-0.80%	0.87%	-3.12%	2.25%	0.86%	1.54%	1.68%	0.11%
EBITDA Q/Q Growth	0.00%	0.00%	-4.29%	-5.75%	-2.91%	1.43%	-8.63%	12.04%	-6.44%	8.25%
EBIT Q/Q Growth	0.00%	0.00%	-6.92%	-14.53%	-4.66%	0.77%	-13.83%	56.86%	-22.61%	23.18%
NOPAT Q/Q Growth	0.00%	0.00%	70.99%	-76.53%	-4.49%	1.25%	-72.03%	-83.61%	62.93%	-4.70%
Net Income Q/Q Growth	0.00%	0.00%	84.74%	-78.58%	-3.12%	4.75%	-77.94%	323.79%	-1.59%	22.83%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-78.26%	-2.78%	0.00%	0.00%	316.67%	-1.14%	22.03%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-9.71%	2.34%	-17.50%	17.67%	-12.64%	13.66%	6.15%	-9.03%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-101.28%	-9.71%	4.24%	-68.88%	-80.77%	39.04%	496.35%
Invested Capital Q/Q Growth	0.00%	0.00%	6.68%	-1.11%	-0.83%	-2.17%	3.92%	-1.78%	6.26%	-0.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	92.12%	90.91%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	36.19%	37.59%	32.20%	25.45%	-58.87%	-143.80%	25.52%	23.47%	22.30%	28.30%
Operating Margin	26.74%	28.28%	21.75%	12.98%	-76.13%	-165.38%	7.75%	10.10%	7.85%	7.44%
EBIT Margin	26.76%	28.32%	21.79%	13.09%	-75.87%	-167.47%	7.73%	8.85%	7.33%	13.08%
Profit (Net Income) Margin	26.76%	28.24%	36.36%	6.00%	-76.01%	-147.08%	1.73%	2.63%	17.19%	6.70%
Tax Burden Percent	100.00%	99.67%	183.73%	68.17%	93.70%	84.27%	113.79%	76.21%	654.20%	77.89%
Interest Burden Percent	100.00%	100.05%	90.80%	67.26%	106.92%	104.21%	19.67%	38.99%	35.83%	65.77%
Effective Tax Rate	0.00%	0.33%	-83.73%	31.83%	0.00%	0.00%	-13.79%	23.79%	-554.20%	22.11%
Return on Invested Capital (ROIC)	0.00%	14.69%	10.67%	2.54%	-15.51%	-48.17%	6.71%	6.26%	41.18%	4.62%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	11.72%	2.22%	-0.52%	-36.65%	-78.78%	-3.10%	-1.76%	-14.73%	6.25%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-0.10%	0.29%	-0.19%	-16.67%	-58.38%	-3.79%	-1.86%	-14.16%	4.98%
Return on Equity (ROE)	0.00%	14.59%	10.96%	2.35%	-32.18%	-106.55%	2.92%	4.40%	27.03%	9.60%
Cash Return on Invested Capital (CROIC)	0.00%	-185.31%	18.06%	-0.01%	11.29%	22.29%	10.50%	6.27%	28.26%	7.55%
Operating Return on Assets (OROA)	0.00%	6.94%	5.32%	3.31%	-19.21%	-57.90%	4.63%	5.70%	4.60%	8.24%
Return on Assets (ROA)	0.00%	6.92%	8.87%	1.52%	-19.24%	-50.85%	1.04%	1.69%	10.78%	4.22%
Return on Common Equity (ROCE)	0.00%	14.59%	10.96%	2.35%	-32.18%	-106.55%	2.92%	4.40%	27.03%	9.60%
Return on Equity Simple (ROE_SIMPLE)	0.00%	7.30%	13.37%	2.39%	-39.03%	-231.97%	2.71%	4.48%	24.07%	9.42%
Net Operating Profit after Tax (NOPAT)	158	176	247	57	-312	-621	55	50	354	42
NOPAT Margin	26.74%	28.19%	39.96%	8.85%	-53.29%	-115.77%	8.82%	7.70%	51.37%	5.79%
Net Nonoperating Expense Percent (NNEP)	0.00%	2.97%	8.45%	3.06%	21.14%	30.61%	9.81%	8.02%	55.91%	-1.63%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.87%	36.30%	4.31%
Cost of Revenue to Revenue	7.88%	9.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	3.86%	3.83%	7.27%	11.28%	12.59%	11.01%	11.79%	10.34%	11.14%	12.33%
R&D to Revenue	11.91%	11.70%	0.00%	10.64%	10.73%	11.31%	12.40%	13.61%	14.45%	15.84%
Operating Expenses to Revenue	65.38%	62.62%	78.25%	87.02%	176.13%	265.38%	92.25%	89.90%	92.15%	92.56%
Earnings before Interest and Taxes (EBIT)	158	177	135	85	-445	-899	48	58	51	94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	213	235	199	165	-345	-772	159	153	154	203
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.23	0.91	0.72	2.24	2.79	2.39	2.55	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)	0.00	0.00	3.35	2.28	1.39	1.42	1.78	1.40	1.82	1.56
Price to Earnings (P/E)	0.00	0.00	9.20	37.99	0.00	0.00	103.04	53.31	10.61	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	0.00%	0.00%	10.87%	2.63%	0.00%	0.00%	0.97%	1.88%	9.43%	4.30%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.17	0.93	0.81	1.50	1.91	1.66	1.84	1.69
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	4.23	3.29	2.42	2.34	2.47	2.04	2.44	2.08
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	13.14	12.95	0.00	0.00	9.67	8.71	10.93	7.37
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	19.42	25.17	0.00	0.00	31.92	23.09	33.24	15.94
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	10.59	37.24	0.00	0.00	27.98	26.56	4.74	35.98
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	14.05	13.03	13.98	9.06	11.15	10.40	12.28	9.83
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	6.26	0.00	6.24	4.37	17.88	26.51	6.91	22.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.34	0.43	0.56	1.72	1.17	1.23	0.98	0.89
Long-Term Debt to Equity	0.00	0.00	0.33	0.41	0.54	1.69	1.15	1.19	0.94	0.89
Financial Leverage	0.00	-0.01	0.13	0.36	0.45	0.74	1.22	1.06	0.96	0.80
Leverage Ratio	0.00	1.05	1.23	1.55	1.67	2.10	2.82	2.60	2.51	2.28
Compound Leverage Factor	0.00	1.05	1.12	1.04	1.79	2.18	0.56	1.01	0.90	1.50
Debt to Total Capital	0.00%	0.00%	25.62%	29.85%	36.03%	63.19%	53.95%	55.13%	49.55%	47.09%
Short-Term Debt to Total Capital	0.00%	0.00%	0.94%	1.16%	1.76%	0.84%	1.03%	1.65%	2.37%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	24.68%	28.69%	34.27%	62.35%	52.92%	53.48%	47.17%	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	0.00%	100.00%	74.38%	70.15%	63.97%	36.81%	46.05%	44.87%	50.45%	52.91%
Debt to EBITDA	0.00	0.00	2.91	4.21	-1.86	-0.76	2.93	3.08	3.14	2.24
Net Debt to EBITDA	0.00	0.00	2.75	3.99	-1.75	-0.64	2.68	2.73	2.75	1.85
Long-Term Debt to EBITDA	0.00	0.00	2.80	4.04	-1.77	-0.75	2.87	2.99	2.99	2.24
Debt to NOPAT	0.00	0.00	2.34	12.10	-2.06	-0.94	8.48	9.39	1.37	10.93
Net Debt to NOPAT	0.00	0.00	2.22	11.47	-1.93	-0.80	7.77	8.34	1.20	9.05
Long-Term Debt to NOPAT	0.00	0.00	2.26	11.63	-1.96	-0.93	8.32	9.11	1.30	10.93
Altman Z-Score	0.00	0.00	2.04	1.35	-0.12	-3.08	0.34	0.19	0.67	0.94
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	0.00	1.66	1.58	1.39	1.24	1.97	1.56	1.40	1.22	1.83
Quick Ratio	0.00	1.49	1.35	1.21	1.17	1.79	1.46	1.32	1.13	1.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,221	417	-0.27	227	287	86	50	243	68
Operating Cash Flow to CapEx	2,100.98%	2,066.55%	567.31%	1,149.08%	477.41%	829.44%	719.07%	651.88%	654.73%	625.59%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	33.74	-0.01	7.39	7.59	2.22	1.43	7.49	2.11
Operating Cash Flow to Interest Expense	0.00	0.00	15.03	5.90	3.30	3.66	3.56	3.64	4.22	4.74
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	12.38	5.39	2.61	3.22	3.07	3.08	3.57	3.98
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.25	0.24	0.25	0.25	0.35	0.60	0.64	0.63	0.63
Accounts Receivable Turnover	0.00	6.35	6.20	6.17	5.56	5.49	6.48	6.32	5.91	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	0.00	30.53	20.51	15.92	13.76	12.62	14.79	14.82	15.47	17.01
Accounts Payable Turnover	0.00	7.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	57.45	58.88	59.21	65.63	66.47	56.34	57.73	61.78	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	50.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	7.04	58.88	59.21	65.63	66.47	56.34	57.73	61.78	65.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	2,397	2,226	2,283	1,744	835	804	804	915	889
Invested Capital Turnover	0.00	0.52	0.27	0.29	0.29	0.42	0.76	0.81	0.80	0.80
Increase / (Decrease) in Invested Capital	0.00	2,397	-171	57	-540	-909	-31	-0.10	111	-26
Enterprise Value (EV)	0.00	0.00	2,612	2,131	1,418	1,257	1,539	1,337	1,679	1,499
Market Capitalization	0.00	0.00	2,066	1,474	816	761	1,112	917	1,256	1,122
Book Value per Share	$0.00	$33.77	$23.44	$23.73	$17.09	$5.05	$5.76	$5.77	$7.43	$7.90
Tangible Book Value per Share	$0.00	$0.30	($8.91)	($11.20)	($10.40)	($7.35)	($5.75)	($6.39)	($4.89)	($3.36)
Total Capital	0.00	2,417	2,257	2,319	1,784	924	864	857	975	967
Total Debt	0.00	0.00	578	692	643	584	466	472	483	455
Total Long-Term Debt	0.00	0.00	557	665	611	576	457	458	460	455
Net Debt	0.00	-21	547	656	603	495	427	420	423	377
Capital Expenditures (CapEx)	9.05	9.64	33	14	21	17	19	20	21	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	39	53	45	41	28	23	25	17	47
Debt-free Net Working Capital (DFNWC)	0.00	48	74	70	55	95	62	57	56	97
Net Working Capital (NWC)	0.00	48	52	43	24	88	53	43	33	97
Net Nonoperating Expense (NNE)	-0.11	-0.31	22	18	133	168	44	33	236	-6.52
Net Nonoperating Obligations (NNO)	0.00	-21	547	656	603	495	406	420	423	377
Total Depreciation and Amortization (D&A)	56	58	64	80	100	127	111	96	103	109
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	6.19%	8.60%	6.90%	7.08%	5.17%	3.69%	3.83%	2.41%	6.50%
Debt-free Net Working Capital to Revenue	0.00%	7.61%	11.93%	10.84%	9.39%	17.79%	9.96%	8.68%	8.10%	13.55%
Net Working Capital to Revenue	0.00%	7.61%	8.50%	6.68%	4.03%	16.35%	8.52%	6.52%	4.74%	13.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.20	$2.46	$3.13	$0.55	($6.65)	($12.15)	$0.11	$0.25	$1.77	$0.73
Adjusted Weighted Average Basic Shares Outstanding	71.59M	71.59M	71.66M	70.32M	67.00M	67.24M	68.73M	68.22M	66.74M	66.01M
Adjusted Diluted Earnings per Share	$2.20	$2.46	$3.13	$0.55	($6.65)	($12.15)	$0.11	$0.25	$1.74	$0.72
Adjusted Weighted Average Diluted Shares Outstanding	71.59M	71.59M	71.73M	70.55M	67.00M	67.24M	71.34M	69.65M	68.23M	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	0.00	71.70M	71.86M	67.39M	66.81M	67.41M	69.17M	66.15M	65.71M	63.85M
Normalized Net Operating Profit after Tax (NOPAT)	110	176	94	57	11	13	34	50	38	42
Normalized NOPAT Margin	18.72%	28.19%	15.22%	8.85%	1.84%	2.42%	5.43%	7.70%	5.50%	5.79%
Pre Tax Income Margin	26.76%	28.33%	19.79%	8.80%	-81.12%	-174.53%	1.52%	3.45%	2.63%	8.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	10.87	3.05	-14.44	-23.74	1.24	1.64	1.56	2.92
NOPAT to Interest Expense	0.00	0.00	19.94	2.06	-10.15	-16.41	1.42	1.42	10.92	1.29
EBIT Less CapEx to Interest Expense	0.00	0.00	8.23	2.54	-15.13	-24.18	0.75	1.08	0.91	2.16
NOPAT Less CapEx to Interest Expense	0.00	0.00	17.29	1.55	-10.84	-16.85	0.92	0.87	10.27	0.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	289.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	289.61%	250.43%	-8.98%	0.00%	0.00%	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	Q1 2025
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	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.14%	6.25%	5.60%	3.26%	5.92%	6.78%	7.85%	6.37%	3.05%	0.46%	-0.64%
EBITDA Growth	-27.02%	52.22%	19.24%	-10.65%	26.46%	-22.00%	-16.70%	51.94%	64.52%	41.34%	-8.85%
EBIT Growth	-46.15%	535.63%	86.28%	-39.98%	59.95%	-59.26%	-55.99%	166.35%	212.66%	174.47%	-29.60%
NOPAT Growth	22.01%	334.33%	-56.01%	8,036.69%	74.93%	433.75%	6.10%	-99.40%	-64.13%	-74.17%	-62.89%
Net Income Growth	-220.98%	455.83%	164.49%	1,597.49%	252.70%	-18.67%	-93.17%	-87.91%	316.81%	107.33%	-356.76%
EPS Growth	-233.33%	475.00%	183.33%	1,612.50%	275.00%	-13.33%	-94.12%	-87.59%	300.00%	100.00%	-400.00%
Operating Cash Flow Growth	33.88%	70.91%	-7.30%	135.20%	-27.78%	21.28%	18.93%	25.72%	51.97%	-33.52%	-11.99%
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%	122.51%
Invested Capital Growth	5.79%	-0.01%	-6.36%	2.40%	5.20%	13.82%	13.02%	3.93%	3.75%	-2.89%	-1.79%
Revenue Q/Q Growth	1.06%	2.19%	-0.67%	0.66%	3.66%	3.02%	0.32%	-0.71%	0.42%	0.43%	-0.78%
EBITDA Q/Q Growth	-24.85%	65.05%	-7.01%	-22.52%	6.36%	1.80%	-0.69%	41.31%	15.16%	-12.54%	-35.96%
EBIT Q/Q Growth	-57.52%	282.43%	-16.61%	-55.70%	13.21%	-2.60%	-9.90%	168.10%	32.89%	-14.50%	-76.89%
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%	-73.44%
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%	-111.63%
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%	-111.54%
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%	-1.84%
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%	-52.37%
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%	-0.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	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%	18.96%
Operating Margin	12.09%	11.78%	7.50%	7.33%	8.21%	8.32%	7.07%	5.32%	6.38%	10.96%	3.61%
EBIT Margin	3.96%	14.81%	12.43%	5.47%	5.97%	5.65%	5.07%	13.70%	18.13%	15.43%	3.59%
Profit (Net Income) Margin	-1.79%	6.10%	6.87%	55.97%	2.58%	4.65%	0.44%	6.36%	10.42%	9.59%	-1.12%
Tax Burden Percent	147.86%	62.34%	91.66%	8,955.85%	170.18%	441.35%	95.61%	69.40%	76.28%	86.06%	163.26%
Interest Burden Percent	-30.54%	66.10%	60.30%	11.42%	25.34%	18.64%	8.97%	66.91%	75.35%	72.21%	-19.16%
Effective Tax Rate	0.00%	37.66%	8.34%	-8,855.85%	-70.18%	-341.35%	4.39%	30.60%	23.72%	13.94%	0.00%
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%	2.03%
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%	0.43%
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%	0.36%
Return on Equity (ROE)	10.13%	11.74%	11.66%	777.43%	17.42%	44.58%	8.33%	6.38%	9.12%	13.58%	2.39%
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%	5.81%
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%	2.32%
Return on Assets (ROA)	-1.12%	3.93%	4.40%	34.99%	1.62%	2.91%	0.28%	4.11%	6.74%	6.04%	-0.73%
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%	2.39%
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%	9.27%
Net Operating Profit after Tax (NOPAT)	14	12	11	1,105	24	66	12	6.61	8.74	17	4.52
NOPAT Margin	8.46%	7.34%	6.87%	656.82%	13.98%	36.70%	6.76%	3.69%	4.86%	9.44%	2.53%
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%	1.60%
Return On Investment Capital (ROIC_SIMPLE)	-	1.44%	-	-	-	6.76%	-	-	-	1.76%	0.48%
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%	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%	14.46%
R&D to Revenue	13.02%	13.77%	14.43%	14.84%	14.51%	14.05%	15.59%	15.42%	16.27%	16.09%	15.91%
Operating Expenses to Revenue	87.91%	88.22%	92.50%	92.67%	91.79%	91.68%	92.93%	94.68%	93.62%	89.04%	96.39%
Earnings before Interest and Taxes (EBIT)	6.51	25	21	9.20	10	10	9.14	25	33	28	6.44
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	29	48	45	35	37	38	37	53	61	53	34
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	1.47
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	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	1.00
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	15.85
Dividend Yield	0.00%	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%	6.31%
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	1.26
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	1.56
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	5.58
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	12.22
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	31.17
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	7.52
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	21.48
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	0.93
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	0.93
Financial Leverage	1.14	1.06	1.12	1.00	0.95	0.96	0.97	0.84	0.78	0.80	0.84
Leverage Ratio	2.76	2.60	2.65	2.46	2.51	2.51	2.48	2.26	2.25	2.28	2.29
Compound Leverage Factor	-0.84	1.72	1.60	0.28	0.63	0.47	0.22	1.52	1.70	1.64	-0.44
Debt to Total Capital	56.83%	55.13%	54.12%	48.57%	48.11%	49.55%	49.60%	48.59%	48.06%	47.09%	48.18%
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%	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%	48.18%
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%	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%	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%	51.82%
Debt to EBITDA	3.62	3.08	2.83	2.88	2.73	3.14	3.24	2.86	2.47	2.24	2.28
Net Debt to EBITDA	3.38	2.73	2.58	2.57	2.30	2.75	2.89	2.54	2.08	1.85	1.98
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	2.28
Debt to NOPAT	1.61	9.39	9.18	1.73	2.06	1.37	0.52	7.93	10.63	10.93	12.71
Net Debt to NOPAT	1.51	8.34	8.37	1.55	1.74	1.20	0.46	7.05	8.94	9.05	11.09
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	12.71
Altman Z-Score	-0.13	0.09	0.46	0.67	0.50	0.55	0.51	0.78	0.69	0.75	0.24
Noncontrolling Interest Sharing Ratio	0.00%	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	1.65
Quick Ratio	1.31	1.32	1.24	1.16	1.28	1.13	1.44	1.35	1.57	1.58	1.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-31	12	66	1,084	-18	-45	-92	-28	-24	43	21
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%	508.28%
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	2.70
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	3.84
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	3.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.64	0.64	0.63	0.63	0.63	0.65	0.65	0.65	0.63	0.64
Accounts Receivable Turnover	6.25	6.32	6.31	6.20	6.02	5.91	5.86	5.95	5.90	5.55	5.60
Inventory Turnover	0.00	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	17.97
Accounts Payable Turnover	0.00	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	65.23
Days Inventory Outstanding (DIO)	0.00	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	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	65.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	819	804	799	880	861	915	903	914	894	889	887
Invested Capital Turnover	0.81	0.81	0.80	0.77	0.81	0.80	0.83	0.79	0.82	0.80	0.80
Increase / (Decrease) in Invested Capital	45	-0.10	-54	21	43	111	104	35	32	-26	-16
Enterprise Value (EV)	1,244	1,337	1,691	1,725	1,499	1,679	1,560	1,720	1,498	1,499	1,117
Market Capitalization	780	917	1,277	1,322	1,121	1,256	1,138	1,302	1,106	1,122	720
Book Value per Share	$5.55	$5.77	$5.82	$7.16	$7.27	$7.43	$7.26	$7.52	$7.61	$7.90	$7.67
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)	($3.86)
Total Capital	872	857	839	928	931	975	955	967	967	967	946
Total Debt	496	472	454	451	448	483	474	470	465	455	456
Total Long-Term Debt	483	458	439	434	430	460	474	470	465	455	456
Net Debt	464	420	414	402	378	423	422	417	391	377	397
Capital Expenditures (CapEx)	5.84	5.32	5.37	5.20	5.01	5.31	6.01	6.26	6.54	5.57	5.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	29	25	34	25	27	17	36	32	39	47	40
Debt-free Net Working Capital (DFNWC)	61	57	53	54	76	56	68	61	89	97	72
Net Working Capital (NWC)	48	43	37	37	58	33	68	61	89	97	72
Net Nonoperating Expense (NNE)	17	2.09	0.00	1,010	20	58	11	-4.78	-9.98	-0.28	6.54
Net Nonoperating Obligations (NNO)	442	420	414	402	378	423	422	417	391	377	397
Total Depreciation and Amortization (D&A)	23	23	24	25	26	27	28	28	28	25	28
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%	5.62%
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%	10.00%
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%	10.00%
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	($0.03)
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	64.47M
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	($0.03)
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	64.47M
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	$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	62.89M
Normalized Net Operating Profit after Tax (NOPAT)	14	12	11	8.63	10	10	12	6.61	8.74	17	4.52
Normalized NOPAT Margin	8.46%	7.34%	6.87%	5.13%	5.75%	5.82%	6.76%	3.69%	4.86%	9.44%	2.53%
Pre Tax Income Margin	-1.21%	9.79%	7.50%	0.62%	1.51%	1.05%	0.46%	9.17%	13.66%	11.14%	-0.69%
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	0.84
NOPAT to Interest Expense	1.64	1.46	1.39	135.54	3.13	7.99	1.46	0.81	1.09	2.20	0.59
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	0.08
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	-0.17
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%	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%	135.76%

Key Financial Trends

In Q1 2025, Cars.com generated $179.0 million in revenue, a slight year-over-year decline, while free cash flow to firm remained positive at $20.7 million. Operating cash flow of $29.5 million comfortably covered modest capital expenditures of $5.8 million. The balance sheet shows net debt of $397 million and net debt/EBITDA of 1.98x. Margins and returns, however, have compressed compared with early 2024.

Generated positive free cash flow to firm of $20.7 million in Q1 2025
Strong operating cash flow of $29.5 million exceeded CapEx by more than 5x (OCF/CapEx ~508%)
Leverage remains manageable: net debt/EBITDA at 1.98x and debt/EBITDA 2.28x
Attractive valuation: EV/EBITDA of 5.58x and P/Revenue near 1.00x
Revenue held steady at ~$179 million, consistent with prior quarters
Ongoing investment in marketing (14.5% of revenue) and R&D (15.9% of revenue)
Modest CapEx of $5.8 million relative to operating cash flow
Profitability slipped: NOPAT margin fell to 2.5% in Q1 2025 from ~6.8% in Q1 2024
Revenue growth decelerated, with Q/Q revenue down 0.8% in Q1 2025
Returns contracted: ROIC declined to ~2.0% and ROE to ~2.4% in Q1 2025

06/21/25 04:24 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Cars.com's Financials

When does Cars.com's financial year end?

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

How has Cars.com's net income changed over the last 9 years?

Cars.com's net income appears to be on an upward trend, with a most recent value of $48.19 million in 2024, falling from $157.84 million in 2015. The previous period was $118.44 million in 2023. Check out Cars.com's forecast to explore projected trends and price targets.

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's revenue changed over the last 9 years?

Over the last 9 years, Cars.com's total revenue changed from $589.78 million in 2015 to $719.15 million in 2024, a change of 21.9%.

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 361.9% increase since 2016.

How much cash does Cars.com have?

In the past 8 years, Cars.com's cash and equivalents has ranged from $8.90 million in 2016 to $67.72 million in 2020, 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 9 years?

Over the last 9 years, Cars.com's book value per share changed from 0.00 in 2015 to 7.90 in 2024, a change of 790.1%.

Related Companies

This page (NYSE:CARS) was last updated on 6/21/2025 by MarketBeat.com Staff

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Cars.com (CARS) Financials

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Cars.com (CARS) Financials

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