| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 179.93 | 0.2% | 0.7% |
| Total Income | 179.93 | 0.2% | 0.7% |
| Expenditure | 152.06 | 7.0% | 7.0% |
| PBT | 19.53 | 124.0% | 95.9% |
| Net Profit | 14.26 | 186.3% | 103.4% |
| OPM | 15.49% | 6.26pp | 6.96pp |
| NPM | 7.93% | 5.16pp | 4.01pp |
| EPS | 0.26 | 225.0% | 136.4% |
Cars.com Reports Q2 2026 Results: Revenue Up 1% to $179.9M, Net Income Up 103%
06 Aug 2026 · 6 Aug, 5:17 pm
Summary
Cars.com Inc. reported second quarter 2026 results with revenue of $179.9 million, up 1% year-over-year, driven by strong Marketplace performance. Net income surged by 103% to $14.3 million, while Adjusted EBITDA increased by 4% to $53.0 million, with margins exceeding guidance. Management highlighted the progress on their Marketplace-focused strategy and expressed confidence in continued growth and value creation.
Key Highlights
- 1
Revenue for the second quarter of 2026 was $179.9 million, representing a 1% increase year-over-year and aligning with guidance.
- 2
Net income saw a significant increase of 103% year-over-year, reaching $14.3 million.
- 3
Adjusted EBITDA grew by 4% year-over-year to $53.0 million, with the Adjusted EBITDA margin at 29.4%, exceeding the guided range.
- 4
Marketplace revenue experienced its fastest quarterly growth rate since 2021, increasing by over 7% year-over-year.
- 5
The company repurchased 3.7 million shares for $37 million in Q2 2026, and is on pace to meet its 2026 share repurchase target of $90 million.
- 6
Dealer count declined slightly year-over-year, but Marketplace dealer customers grew 2% year-over-year for the fourth consecutive quarter.
Management Comments
Tobias Hartmann
We delivered revenue and profitability growth in the second quarter while making steady progress on our Marketplace-focused strategy. Deliberate prioritization of Marketplace product, processes, and organizational improvements drove Marketplace revenue growth to its highest level since 2021, more than offsetting the expected decline in OEM revenue. New product launches, such as Dealer Verified Listings, as well as stronger customer value delivery through more precise audience targeting, are encouraging signals. Looking ahead, we will deploy these learnings and operational drivers across our ecosystem to deliver sustainable long-term growth and value creation.
Sonia Jain
Second quarter financial performance was anchored by strong Marketplace growth, coupled with improved operating leverage and Adjusted EBITDA margin outperformance. We also continued to return significant capital to stockholders, and are pacing comfortably to our $90 million share repurchase target for 2026. Looking ahead, we remain focused on efficient and disciplined growth to create long-term value for stakeholders.
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