Cars.com Reports Fourth Quarter and Full Year 2024 Results

Published: 2025-02-28 10:16:25 ET CARS

HICAGO - Cars.com Inc. (NYSE: CARS) (d/b/a 'Cars Commerce Inc.' or the 'Company'), an audience-driven technology company empowering the automotive industry, today released its financial results for the fourth quarter and year ended December 31, 2024.

* Record Full Year Revenue of $719 Million, up 4% Year-Over-Year

* AccuTrade Connected Expands to ~1,000 Subscribers

* Generated $153MM of Annual Net Cash Provided by Operating Activities, up 12% Year-Over-Year

* Announces $250 Million Share Repurchase Authorization

'Our fourth quarter was highlighted by strong OEM and National revenue, which was up 15% year-over-year, and robust Adjusted EBITDA margin of nearly 31%, capping a year of solid growth and consistent profitability improvement. As the automotive industry looks for efficiency, the benefits of leveraging our platform of connected solutions are leading to measurable benefits and meaningful sales impact for our customers,' said Alex Vetter, Chief Executive Officer of Cars Commerce. 'We are excited about new capabilities and additional product enhancements in 2025 that give us confidence in accelerating organic growth and creating long-term, sustainable value for shareholders.'

Q4 2024 and Full Year Financial Highlights

https://investor.cars.com/2025-02-27-Cars-com-Reports-Fourth-Quarter-and-Full-Year-2024-Results?printable=1