Earnings Releases·Nov 5, 2026, 7:45 AM ET

Cars.com — Third Quarter 2026 Earnings Summary

Revenue increased slightly to $181.9 million year-over-year, while net income surged 113% to $16.3 million ($0.30 per diluted share) and adjusted net income rose 6% to $32.3 million.
Adjusted EBITDA margin reached 30.7%, exceeding guidance by 120 basis points, driven by a 7% year-over-year reduction in total operating expenses to $153.0 million.
Full-year 2026 revenue guidance remains flat to up 2% year-over-year, with adjusted EBITDA margin expected between 29.0% and 30.0%; the $90 million share repurchase target for 2026 remains unchanged.
Strategic momentum continues with Carson AI surpassing 1 million monthly users, the new Marketplace Starter package adopted by nearly 400 dealers, and $74 million in share repurchases executed year-to-date.