Quarterly ResultAug 6, 2026, 07:47 AM
Cars.com Q2 Net Income Up 103% to $14.3M; Revenue $179.9M
AI Summary
Cars.com Inc. reported strong financial results for the second quarter ended June 30, 2026, with net income surging 103% to $14.3 million and revenue increasing 1% to $179.9 million. Adjusted EBITDA grew 4% to $53.0 million, with a margin of 29.4% outperforming guidance. The company also repurchased $37 million in shares during the quarter and reaffirmed its full-year 2026 guidance for both revenue and Adjusted EBITDA margin.
Key Highlights
- Net income increased 103% year-over-year to $14.3 million.
- Revenue grew 1% year-over-year to $179.9 million.
- Adjusted EBITDA rose 4% to $53.0 million, with a 29.4% margin.
- Marketplace revenue grew over 7% year-over-year.
- Repurchased $37 million in shares in Q2; $57 million year-to-date.
- Reaffirmed full-year 2026 revenue guidance: flat to up 2%.
- Reaffirmed full-year 2026 Adjusted EBITDA margin guidance: 29.0%-30.0%.
Price Impact
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