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CARS-News
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Cars.com Reports Q2 Revenue of $179.93M
Reports Q2 revenue $179.93M, consensus $180.54M. "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," said Tobias Hartmann, Chief Executive Officer of Cars.com, Inc.
OEM and National Revenue Under Advertising Investment Pressure
OEM and National revenue is expected to reflect ongoing pressure in OEM advertising investment. Adjusted EBITDA margin is expected to be between 28.5% and 29.5%, reflecting continued operating efficiencies and cost savings.
Adjusted EBITDA Margin Expected Between 29.0% to 30.0%
Adjusted EBITDA margin is expected to be between 29.0% to 30.0%.
Cars.com Appoints Sarah Kettler as Chief Marketing Officer
Cars.com announced the appointment of Sarah Kettler as Chief Marketing Officer, effective June 15. In her role, Kettler will oversee the company's integrated marketing and communications organization, responsible for strengthening the brand, deepening customer engagement, driving growth and advancing the company's long-term strategic objectives. Kettler joins from SeatGeek, a ticketing technology marketplace, where she spent a decade leading marketing, most recently as Executive Vice President, Marketing & Communications.
Company Reaffirms FY26 Revenue Guidance
FY26 consensus $732.31M. The company reaffirms its full year 2026 guidance: Revenue is expected to be flat to up 2% year-over-year. Adjusted EBITDA margin is expected to be between 29.0% to 30.0%.
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