Cars.com reports Q2 adjusted EPS 41c, consensus 42c

Reports Q2 revenue $178.74M, consensus $179.43M. “Second quarter performance reflected positive customer and product trends, giving us confidence in improved revenue momentum relative to a softer start to the year. We delivered our best sequential organic customer growth in over three years, and expanded across our major product lines, with the Cars.com (CARS) marketplace accounting for more than half of that growth. Other key growth initiatives are also in progress and on-track as of mid-year, such as repackaging, AI product innovation, and continued ramp of our DealerClub auction platform,” said Alex Vetter, Chief Executive Officer of Cars Commerce. “Our first half operating results, coupled with new commercial leadership, supports our expectation of an upward trajectory in the second half of the year.”