Cars.com Inc. (CARS) Misses Q3 EPS by 5c

Cars.com Inc. (NYSE: CARS) reported Q3 EPS of $0.40, $0.05 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $179.7 million versus the consensus estimate of $179.9 million.

Fourth Quarter and 2024 Outlook

The Company is reaffirming its fiscal year 2024 outlook of 4.5% to 5.5% revenue growth, based on year-to-date performance and current business trends. For the fourth quarter, the Company anticipates continued strong high single digit year-over-year growth in OEM & National revenue, as well as modest growth in Dealer revenue.

Adjusted EBITDA margin outlook for fiscal 2024 remains 28.0% to 30.0%, reflecting disciplined cost management to continue delivering strong operating leverage for the remainder of the year.

For earnings history and earnings-related data on Cars.com Inc. (CARS) click here.

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