Quarterly ResultMay 7, 2026, 04:13 PM
Cars.com Q1 Net Income $4.98M; EPS $0.08; Revenue $180.2M
AI Summary
Cars.com Inc. reported a significant turnaround in Q1 2026, achieving a net income of $4.98 million, or $0.08 per diluted share, compared to a net loss in the prior year. Total revenue slightly increased to $180.2 million, driven by growth in dealer revenue. The company also implemented an 11% workforce reduction, incurring an $8.5 million expense, and repurchased $20.2 million of common stock under its ongoing program.
Key Highlights
- Net income was $4.98 million in Q1 2026, a significant improvement from a $2.01 million net loss in Q1 2025.
- Diluted EPS was $0.08 in Q1 2026, up from $(0.03) in Q1 2025.
- Total revenue increased slightly to $180.2 million in Q1 2026 from $179.0 million in Q1 2025.
- Dealer revenue grew 2.43% to $163.0 million in Q1 2026.
- Operating income surged 157.5% to $16.6 million in Q1 2026.
- Net cash provided by operating activities increased 35.15% to $39.8 million.
- The company incurred an $8.5 million expense for an 11% workforce reduction.
- Repurchased $20.2 million of common stock, with $153.6 million remaining under the program.
Price Impact
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