$11.240
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Noticias de CARS
Eventos de CARS
Cars.com Appoints Mausam Bhatt as Chief Product Officer
Cars.com appointed Mausam Bhatt as Chief Product Officer, effective Nov. 2. Bhatt joins Cars.com from Rithum, a commerce technology company, where he was Chief Product Officer. Before that, he was Chief Product and Technology Officer at Realtor.com. Earlier, he led product for Google Shopping's growth and transactions platform, served as Chief Product Officer at RetailMeNot, and was part of the senior leadership team at Flipkart. He began his career as a software engineer at Hewlett Packard.
Cars.com Appoints Trent Ziegler as CFO
Cars.com has appointed Trent Ziegler as CFO, effective October 19. He will formally assume the role of CFO, succeeding Sonia Jain, on November 6. In order to ensure an orderly transition, Jain will serve as an Executive Advisor to the company through March 31, 2027. Ziegler joins Cars.com from FairSquare, a fintech holding company, where he served as CFO. Before that, he spent more than a decade at LendingTree, an online lending marketplace, including three years as CFO and seven years leading Investor Relations and Treasury. He began his career at Ally Financial Inc.
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%.
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