Cars.com (CARS) Doubles Its Profit While Revenue Barely Budges
Cars.com reported Q2 revenue of $179.9M, up 1% YoY, while net income surged 103% to $14.3M. Marketplace revenue grew 7%, but traffic fell 14%. Operating expenses dropped 7%, boosting Adjusted EBITDA margin to 29.4%. The company repurchased 6.2M shares. Debt stands at $450M with $333.3M in liquidity. Free cash flow was $43.5M, up slightly YoY.





