Cars.com Inc. (NYSE: CARS), trading as Cars Commerce Inc., has released its financial results for the third quarter ended September 30, 2025. The company achieved a record total revenue of $181.6 million, marking a 1% increase compared to the same period last year. Notably, the dealer revenue also grew by 2% year-over-year.
In terms of operational highlights, the average monthly unique visitors, a key metric, increased by 4% year-over-year to 25.5 million. However, quarterly traffic, measured as visits, experienced a slight 1% increase year-over-year, reaching 156.2 million.
The monthly average revenue per dealer (ARPD) for the quarter reached $2,460, showing a 1% increase compared to the same period in 2024. The number of dealer customers also grew to 19,526, reflecting a 1% increase from the same quarter last year, reaching a new three-year high.
Financially, the net income for the third quarter was $7.7 million, or $0.12 per diluted share, compared to $18.7 million, or $0.28 per diluted share, in the third quarter of 2024. Adjusted net income for the quarter was $30.4 million, or $0.48 per diluted share, up 10% from $27.7 million, or $0.41 per diluted share, a year ago.
Adjusted EBITDA for the third quarter was $54.6 million, or 30.1% of revenue, compared to $51.1 million, or 28.5% of revenue in the year-ago period, showing a 7% increase.
The company also reported repurchasing $19.3 million worth of common stock in the third quarter, bringing the total repurchases to $63.9 million in the first nine months of 2025, in line with its target for $70 to $90 million of share repurchases for the fiscal year 2025.
As a result of these announcements, the company's shares have moved -0.57% on the market, and are now trading at a price of $10.41. Check out the company's full 8-K submission here.
