Cars.com reports Q4 EPS 12c, consensus 16c

Reports Q4 revenue $179.6M, consensus $178.4M. Reports Q4 Average Monthly Unique Visitors of 24.3 million, compared to 24.6 million a year ago, traffic of 142.7 million visits, up 2% year-over-year, and Monthly Average Revenue Per Dealer “) of $2,523, up 7% year-over-year. “2023 marked a year of significant progress. We advanced our platform strategy through the introduction of Cars Commerce, the rollout of our Marketplace Repackaging initiative and our expansion into Canada with the acquisition of D2C Media. Our focus on simplifying everything about buying and selling cars enabled us to continue to deliver value for consumers, dealers, and OEMs, supporting our twelve consecutive quarters of year-over-year profitable revenue growth,” said CEO Alex Vetter. “We begin 2024 well-positioned to continue building on this momentum, unlocking new growth opportunities and driving commerce for the auto industry.”