Record Unique Visitors
The Cars.com marketplace reached a record 29 million average monthly unique visitors in Q1, with overall traffic of 70 million visits, marking a 1% year-over-year increase after adjusting for an extra leap day in 2024.
Strong Growth in Dealer Club and AccuTrade
Dealer Club increased active users by 60% in its first two months of integration, and AccuTrade appraisal volume was up 16% quarter over quarter, with over 813,000 appraisals conducted in Q1.
OEM Business Growth
OEM business grew 6% year over year, indicating the value automakers place on the high-quality end market audience provided by Cars.com.
Share Repurchase and Cash Flow
Cars.com repurchased $22 million of shares during Q1, and strong free cash flow was noted, supporting capital return commitments for the year.
Successful Dealer Growth
Dealer count rose to 19,250 dealers, marking the best quarter of sequential organic customer growth since mid-2022.