Cars.com Inc (CARS) News & EventsCARSCars.com Inc

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.

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.

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.