Cars.com, Inc. ( (CARS) ) has released its Q2 earnings. Here is a breakdown of the information Cars.com, Inc. presented to its investors.
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Cars.com, Inc., operating as Cars Commerce Inc., is a technology company in the automotive sector, offering a platform that simplifies car buying and selling through various digital solutions and AI-driven technologies.
In the second quarter of 2025, Cars.com reported stable revenue compared to the previous year, with significant growth in dealer customers and a record number of unique visitors. The company also announced an increase in its share repurchase target for the year.
The company achieved a total revenue of $178.7 million for the quarter, with a slight decline in net income to $7.0 million. Notably, dealer customers grew to 19,412, marking the best sequential growth in over three years. Additionally, the company repurchased 2.1 million shares, reflecting a strong commitment to returning capital to shareholders.
Despite a decrease in net income, Cars.com maintained a steady Adjusted EBITDA of $50.9 million, demonstrating operational efficiency. The company also highlighted the successful adoption of its AccuTrade appraisal solution and a significant increase in DealerClub transaction volume.
Looking ahead, Cars.com anticipates low-single-digit revenue growth in the second half of 2025, supported by ongoing product innovation and strategic initiatives. The company remains confident in its ability to manage operating levers across various economic scenarios, reaffirming its full-year Adjusted EBITDA margin guidance.