Entering text into the input field will update the search result below

Double-digit traffic growth for Cars.com in Q3

Nov. 09, 2020 10:14 AM ETCars.com Inc. (CARS) StockCARSBy: Niloofer Shaikh, SA News Editor
  • Cars.com (CARS -3.6%) reports revenue down 5% Y/Y in Q3, primarily due to a decline in National Advertising revenue and lower dealer count.
  • Adjusted EBITDA margin rate up 400 bps to 34%.
  • For Q3, Average Monthly Unique Visitors and Traffic grew 10% Y/Y. Organic Traffic was 76% of total Traffic vs. 71% year ago. Mobile traffic grew 11% Y/Y and accounted for 74% of total Traffic.
  • "Revenue rebounded sequentially with meaningful growth in ARPD and increased dealer customers as dealers are more rapidly adopting digital solutions in response to accelerated consumer demand because of the COVID pandemic. The launch of new dealer websites, and further growth and penetration of our FUEL, Online Shopper, and Conversations solutions, are driving growth in both ARPD and dealer count which will allow us to start 2021 with strong momentum," said Alex Vetter, President and Chief Executive Officer of CARS.
  • Q4 Adjusted EBITDA to be higher Y/Y with margin between 28%-31%.
  • Previously: Cars.com EPS beats by $0.11, beats on revenue (Nov. 9)

Recommended For You

More Trending News

About CARS Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
CARS--
Cars.com Inc.