Trade Cars.com Inc. - CARS CFD

Cars.com Inc. Company profile

About Cars.com Inc

Cars.com Inc. is a digital marketplace and solutions provider for the automotive industry, connecting car shoppers with sellers. Through the marketplace, dealer websites and other digital products, the Company showcases dealer inventory, connects sellers with the Company’s ready-to-buy audience and provides shoppers with the resources and information they needed to make car buying decisions. The Company’s core products for sellers include marketplace products and digital solutions. Through its marketplace product the Company sells marketplace subscription advertising to dealer customers through varying packages, which allow its dealer customers to showcase their available new and used vehicle inventory to its audience of in-market car shoppers. Through social media platforms it sells cars by launching multiple solutions for both dealers and original equipment manufacturer to connect with in-market car shoppers on social media platforms, expanding their opportunity to sell more cars.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Cars.com Inc revenues increased 14% to $623.7M. Net income totaled $7.7M vs. loss of $817.1M. Revenues reflect Marketplace subscription advertising segment increase of 19% to $518.3M, Display advertising segment increase of 1% to $85.2M. Net Income reflects Depreciation and amortization decrease of 10% to $101.9M (expense), Affiliate Revenue Share decrease from $11M (expense) to $0K.