Cars.com Inc. (NYSE: CARS) has reported its financial results for the second quarter of 2025. The company achieved total revenue of $178.7 million, remaining flat compared to the same period last year. However, adjusted net income for the quarter grew by 1% to reach $26.4 million, with adjusted EBITDA also increasing by 1% to $50.9 million.
In terms of key operational metrics, the company saw its average monthly unique visitors decrease by 8% quarter-over-quarter, landing at 26.6 million. However, it recorded a 2% year-over-year increase in average monthly unique visitors. Traffic, measured at 162.0 million visits, decreased by 5% quarter-over-quarter but showed a 2% increase year-over-year.
The company's monthly average revenue per dealer (ARPD) dropped by 2% quarter-over-quarter, amounting to $2,435. On the other hand, dealer customers grew by 1% to 19,412, marking the best sequential customer growth in over three years.
In terms of financial outlook, Cars.com is anticipating low single-digit revenue growth for the second half of 2025 and is reaffirming a full-year adjusted EBITDA margin guidance of 29% to 31%.
The company's total debt outstanding was reported at $460.0 million as of June 30, 2025, with total liquidity amounting to $317.7 million.
In terms of share repurchases, the company repurchased 2.1 million shares of common stock for $23.1 million in the second quarter, bringing the total repurchases to 3.7 million shares for $44.6 million in the first half of 2025. As a result, the company has raised its target for share repurchases for 2025 to a range of $70 to $90 million.
Today the company's shares have moved 3.96% to a price of $13.13. If you want to know more, read the company's complete 8-K report here.
