Cars.com Inc. (CARS) Q3 2022 Earnings Call Transcript

Nov. 06, 2022 5:18 PM ETCars.com Inc. (CARS)
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Cars.com Inc. (NYSE:CARS) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET

Company Participants

Alex Vetter - CEO

Sonia Jain - CFO

Jandy Tomy - EVP, Finance & Treasurer

Robbin Moore-Randolph - Director, IR

Conference Call Participants

Tom White - D.A. Davidson & Co.

Naved Khan - Truist Securities

Marvin Fong - BTIG

Doug Arthur - Huber Research Partners

Operator

Good morning, and welcome to the CARS Third Quarter 2022 Earnings Conference Call. This call is being recorded, and a live webcast can be found at investor.cars.com. A replay of the webcast will be available until November 17. A copy of the accompanying slides can also be found on the company's Investor Relations website.

I'd now like to turn the call over to Robbin Moore-Randolph, Director of Investor Relations.

Robbin Moore-Randolph

Good morning, everyone, and thank you for joining us. It's my pleasure to welcome you to the CARS third quarter 2022 conference call. With me this morning are, Alex Vetter, CEO; Sonia Jain, CFO; Jandy Tomy, Executive Vice President of Finance and Treasurer.

Alex will start by discussing the business highlights from the third quarter, then Jandy will discuss our financial results in greater detail, and Sonia will provide an overview of our capital allocation priorities and our fourth quarter 2022 expectations. We'll finish the call with Q&A.

Before I turn the call over to Alex, I'd like to draw your attention to our forward-looking statements and the description and definition of non-GAAP financial measures, which can be found in our presentation. We will be discussing certain non-GAAP financial measures today, including adjusted EBITDA, adjusted EBITDA margin, adjusted operating expenses, and free cash flow. Reconciliation of these non-GAAP measures to the most directly comparable GAAP measure can be found in the financial tables included with our earnings press release and in the appendix of our

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