Cars.com reports Q3 adjusted EPS 48c, consensus 49c

Reports Q3 revenue $182M, consensus $181.37M. “We delivered record revenue in the third quarter as focused execution of our strategy drove a resurgence in Dealer revenue. Underpinning these strong results was another quarter of triple-digit growth in customer count and notable gains in the Cars.com (CARS) marketplace and AccuTrade. In particular, dealers are responding positively as we lead the industry on AI integration through features like Carson, our new AI shopping assistant, which is already powering millions of web searches and yielding a 2x improvement in visitor engagement,” said Alex Vetter, Chief Executive Officer of Cars Commerce. “Looking ahead, we are confident in our ability to build upon these successes as we position our platform for sustainable growth and value creation.”