Cars.com (CARS) Financials

$10.33 +0.28 (+2.78%)

As of 09:31 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	48	118	17
Consolidated Net Income / (Loss)	48	118	17
Net Income / (Loss) Continuing Operations	48	118	17
Total Pre-Tax Income	62	18	23
Total Operating Income	53	54	66
Total Gross Profit	719	689	654
Total Revenue	719	689	654
Operating Revenue	719	689	654
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	666	635	588
Selling, General & Admin Expense	89	77	68
Marketing Expense	232	235	222
Research & Development Expense	114	100	89
Depreciation Expense	107	101	94
Other Operating Expenses / (Income)	124	122	115
Total Other Income / (Expense), net	8.37	-36	-43
Interest Expense	32	32	35
Other Income / (Expense), net	41	-3.59	-8.14
Income Tax Expense	14	-100	5.37
Basic Earnings per Share	$0.73	$1.77	$0.25
Weighted Average Basic Shares Outstanding	66.01M	66.74M	68.22M
Diluted Earnings per Share	$0.72	$1.74	$0.25
Weighted Average Diluted Shares Outstanding	67.39M	68.23M	69.65M
Weighted Average Basic & Diluted Shares Outstanding	63.85M	65.71M	66.15M

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

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

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

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,112	1,172	1,025
Total Current Assets	214	178	149
Cash & Equivalents	51	39	32
Accounts Receivable	134	125	108
Prepaid Expenses	14	13	8.38
Other Current Assets	16	1.31	0.61
Plant, Property, & Equipment, net	41	44	45
Total Noncurrent Assets	857	950	831
Long-Term Investments	27	21	21
Goodwill	143	147	103
Intangible Assets	586	669	707
Noncurrent Deferred & Refundable Income Taxes	101	113	0.05
Total Liabilities & Shareholders' Equity	1,112	1,172	1,025
Total Liabilities	600	680	640
Total Current Liabilities	117	146	106
Short-Term Debt	0.00	23	14
Accounts Payable	33	22	18
Accrued Expenses	47	69	54
Current Employee Benefit Liabilities	36	32	19
Total Noncurrent Liabilities	483	535	534
Long-Term Debt	455	460	458
Noncurrent Deferred & Payable Income Tax Liabilities	6.77	8.76	1.40
Other Noncurrent Operating Liabilities	21	66	75
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	511	492	384
Total Preferred & Common Equity	511	492	384
Total Common Equity	511	492	384
Common Stock	1,475	1,501	1,513
Retained Earnings	-962	-1,010	-1,128
Accumulated Other Comprehensive Income / (Loss)	-1.60	0.95	0.00
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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,119	1,121	1,143	1,103	1,086	1,002	1,050
Total Current Assets	200	178	177	189	157	145	155
Cash & Equivalents	50	29	31	49	29	19	32
Accounts Receivable	125	129	126	118	111	114	107
Prepaid Expenses	16	10	12	14	10	11	11
Other Current Assets	9.57	10	7.64	8.43	7.36	0.41	5.09
Plant, Property, & Equipment, net	43	43	43	44	45	46	45
Total Noncurrent Assets	876	900	923	870	883	812	829
Long-Term Investments	24	23	21	20	20	21	-
Goodwill	146	145	146	103	103	103	102
Intangible Assets	605	626	647	649	669	688	726
Noncurrent Deferred & Refundable Income Taxes	101	105	109	97	91	-	-
Total Liabilities & Shareholders' Equity	1,119	1,121	1,143	1,103	1,086	1,002	1,050
Total Liabilities	616	624	662	620	608	617	674
Total Current Liabilities	111	117	109	131	121	107	106
Short-Term Debt	0.00	0.00	0.00	18	17	15	13
Accounts Payable	32	30	26	19	20	17	19
Accrued Expenses	50	64	66	73	68	62	59
Current Employee Benefit Liabilities	30	23	18	21	16	12	16
Total Noncurrent Liabilities	505	507	552	489	488	510	567
Long-Term Debt	465	470	474	430	434	439	483
Noncurrent Deferred & Payable Income Tax Liabilities	8.29	8.22	8.69	0.00	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	31	29	70	60	53	71	85
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	502	497	481	483	477	385	377
Total Preferred & Common Equity	502	497	481	483	477	385	377
Total Common Equity	502	497	481	483	477	385	377
Common Stock	1,481	1,495	1,490	1,501	1,500	1,502	1,516
Retained Earnings	-979	-998	-1,009	-1,018	-1,023	-1,117	-1,138
Accumulated Other Comprehensive Income / (Loss)	0.23	-0.13	0.21	0.00	0.00	0.00	-0.72
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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	4.35%	5.40%	4.84%
EBITDA Growth	32.40%	0.14%	-3.58%
EBIT Growth	86.15%	-12.72%	20.09%
NOPAT Growth	-88.23%	603.43%	-8.50%
Net Income Growth	-59.32%	588.38%	59.45%
EPS Growth	-58.62%	596.00%	66.67%
Operating Cash Flow Growth	11.56%	6.39%	-6.88%
Free Cash Flow Firm Growth	-71.97%	381.71%	-41.40%
Invested Capital Growth	-2.89%	13.82%	-0.01%
Revenue Q/Q Growth	0.11%	1.68%	1.54%
EBITDA Q/Q Growth	8.25%	-6.44%	12.04%
EBIT Q/Q Growth	23.18%	-22.61%	56.86%
NOPAT Q/Q Growth	-4.70%	62.93%	-83.61%
Net Income Q/Q Growth	22.83%	-1.59%	323.79%
EPS Q/Q Growth	22.03%	-1.14%	316.67%
Operating Cash Flow Q/Q Growth	-9.03%	6.15%	13.66%
Free Cash Flow Firm Q/Q Growth	496.35%	39.04%	-80.77%
Invested Capital Q/Q Growth	-0.54%	6.26%	-1.78%
Profitability Metrics	-	-	-
Gross Margin	100.00%	100.00%	100.00%
EBITDA Margin	28.30%	22.30%	23.47%
Operating Margin	7.44%	7.85%	10.10%
EBIT Margin	13.08%	7.33%	8.85%
Profit (Net Income) Margin	6.70%	17.19%	2.63%
Tax Burden Percent	77.89%	654.20%	76.21%
Interest Burden Percent	65.77%	35.83%	38.99%
Effective Tax Rate	22.11%	-554.20%	23.79%
Return on Invested Capital (ROIC)	4.62%	41.18%	6.26%
ROIC Less NNEP Spread (ROIC-NNEP)	6.25%	-14.73%	-1.76%
Return on Net Nonoperating Assets (RNNOA)	4.98%	-14.16%	-1.86%
Return on Equity (ROE)	9.60%	27.03%	4.40%
Cash Return on Invested Capital (CROIC)	7.55%	28.26%	6.27%
Operating Return on Assets (OROA)	8.24%	4.60%	5.70%
Return on Assets (ROA)	4.22%	10.78%	1.69%
Return on Common Equity (ROCE)	9.60%	27.03%	4.40%
Return on Equity Simple (ROE_SIMPLE)	9.42%	24.07%	4.48%
Net Operating Profit after Tax (NOPAT)	42	354	50
NOPAT Margin	5.79%	51.37%	7.70%
Net Nonoperating Expense Percent (NNEP)	-1.63%	55.91%	8.02%
Return On Investment Capital (ROIC_SIMPLE)	4.31%	36.30%	5.87%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	12.33%	11.14%	10.34%
R&D to Revenue	15.84%	14.45%	13.61%
Operating Expenses to Revenue	92.56%	92.15%	89.90%
Earnings before Interest and Taxes (EBIT)	94	51	58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	203	154	153
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.19	2.55	2.39
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.56	1.82	1.40
Price to Earnings (P/E)	23.28	10.61	53.31
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	4.30%	9.43%	1.88%
Enterprise Value to Invested Capital (EV/IC)	1.69	1.84	1.66
Enterprise Value to Revenue (EV/Rev)	2.08	2.44	2.04
Enterprise Value to EBITDA (EV/EBITDA)	7.37	10.93	8.71
Enterprise Value to EBIT (EV/EBIT)	15.94	33.24	23.09
Enterprise Value to NOPAT (EV/NOPAT)	35.98	4.74	26.56
Enterprise Value to Operating Cash Flow (EV/OCF)	9.83	12.28	10.40
Enterprise Value to Free Cash Flow (EV/FCFF)	22.02	6.91	26.51
Leverage & Solvency	-	-	-
Debt to Equity	0.89	0.98	1.23
Long-Term Debt to Equity	0.89	0.94	1.19
Financial Leverage	0.80	0.96	1.06
Leverage Ratio	2.28	2.51	2.60
Compound Leverage Factor	1.50	0.90	1.01
Debt to Total Capital	47.09%	49.55%	55.13%
Short-Term Debt to Total Capital	0.00%	2.37%	1.65%
Long-Term Debt to Total Capital	47.09%	47.17%	53.48%
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	52.91%	50.45%	44.87%
Debt to EBITDA	2.24	3.14	3.08
Net Debt to EBITDA	1.85	2.75	2.73
Long-Term Debt to EBITDA	2.24	2.99	2.99
Debt to NOPAT	10.93	1.37	9.39
Net Debt to NOPAT	9.05	1.20	8.34
Long-Term Debt to NOPAT	10.93	1.30	9.11
Altman Z-Score	0.94	0.67	0.19
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.83	1.22	1.40
Quick Ratio	1.58	1.13	1.32
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	68	243	50
Operating Cash Flow to CapEx	625.59%	654.73%	651.88%
Free Cash Flow to Firm to Interest Expense	2.11	7.49	1.43
Operating Cash Flow to Interest Expense	4.74	4.22	3.64
Operating Cash Flow Less CapEx to Interest Expense	3.98	3.57	3.08
Efficiency Ratios	-	-	-
Asset Turnover	0.63	0.63	0.64
Accounts Receivable Turnover	5.55	5.91	6.32
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	17.01	15.47	14.82
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	65.76	61.78	57.73
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	65.76	61.78	57.73
Capital & Investment Metrics	-	-	-
Invested Capital	889	915	804
Invested Capital Turnover	0.80	0.80	0.81
Increase / (Decrease) in Invested Capital	-26	111	-0.10
Enterprise Value (EV)	1,499	1,679	1,337
Market Capitalization	1,122	1,256	917
Book Value per Share	$7.90	$7.43	$5.77
Tangible Book Value per Share	($3.36)	($4.89)	($6.39)
Total Capital	967	975	857
Total Debt	455	483	472
Total Long-Term Debt	455	460	458
Net Debt	377	423	420
Capital Expenditures (CapEx)	24	21	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	47	17	25
Debt-free Net Working Capital (DFNWC)	97	56	57
Net Working Capital (NWC)	97	33	43
Net Nonoperating Expense (NNE)	-6.52	236	33
Net Nonoperating Obligations (NNO)	377	423	420
Total Depreciation and Amortization (D&A)	109	103	96
Debt-free, Cash-free Net Working Capital to Revenue	6.50%	2.41%	3.83%
Debt-free Net Working Capital to Revenue	13.55%	8.10%	8.68%
Net Working Capital to Revenue	13.55%	4.74%	6.52%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.73	$1.77	$0.25
Adjusted Weighted Average Basic Shares Outstanding	66.01M	66.74M	68.22M
Adjusted Diluted Earnings per Share	$0.72	$1.74	$0.25
Adjusted Weighted Average Diluted Shares Outstanding	67.39M	68.23M	69.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	63.85M	65.71M	66.15M
Normalized Net Operating Profit after Tax (NOPAT)	42	38	50
Normalized NOPAT Margin	5.79%	5.50%	7.70%
Pre Tax Income Margin	8.60%	2.63%	3.45%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.92	1.56	1.64
NOPAT to Interest Expense	1.29	10.92	1.42
EBIT Less CapEx to Interest Expense	2.16	0.91	1.08
NOPAT Less CapEx to Interest Expense	0.54	10.27	0.87
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	102.06%	26.42%	284.68%

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

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

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 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. Find out what analysts predict for Cars.com in the coming months.

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 5/28/2025 by MarketBeat.com Staff

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Cars.com (CARS) Financials

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Cars.com (CARS) Financials

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