Tearsheet

Cars.com (CARS)


Market Price (5/12/2026): $10.93 | Market Cap: $644.1 Mil
Sector: Communication Services | Industry: Interactive Media & Services

Cars.com (CARS)


Market Price (5/12/2026): $10.93
Market Cap: $644.1 Mil
Sector: Communication Services
Industry: Interactive Media & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%

Attractive yield
FCF Yield is 21%

Low stock price volatility
Vol 12M is 47%

Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Digital Advertising. Themes include Online Marketplaces, and Ad-Tech Platforms.

Weak multi-year price returns
2Y Excs Rtn is -80%, 3Y Excs Rtn is -119%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 60%

Key risks
CARS key risks include [1] intense marketplace competition and [2] a heavy reliance on auto dealer revenue, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
1 Attractive yield
FCF Yield is 21%
2 Low stock price volatility
Vol 12M is 47%
3 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Digital Advertising. Themes include Online Marketplaces, and Ad-Tech Platforms.
4 Weak multi-year price returns
2Y Excs Rtn is -80%, 3Y Excs Rtn is -119%
5 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 60%
7 Key risks
CARS key risks include [1] intense marketplace competition and [2] a heavy reliance on auto dealer revenue, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Cars.com (CARS) stock has lost about 5% since 1/31/2026 because of the following key factors:

1. Lower-than-expected Q4 2025 revenue and cautious 2026 guidance contributed to a stock decline in early 2026. Cars.com reported fourth-quarter 2025 revenue of $183.9 million, missing analyst estimates by $3.2 million. Following this, the company provided a conservative outlook for Q1 and full-year 2026, forecasting Q1 revenue growth of flat to up 1% year-over-year and an Adjusted EBITDA margin of 26% to 27%. This guidance, suggesting modest growth and potential margin pressure, likely contributed to investor apprehension and led to a 5.95% drop in the stock price on February 27, 2026.

2. Persistent decline in OEM and national advertising revenue served as an ongoing headwind. Cars.com experienced a continued decrease in its OEM and national advertising revenue, with this segment declining 12% year-over-year in Q1 2026. This follows a roughly $1.5 million year-over-year decline in Q4 2025. These ongoing shifts in automotive manufacturer advertising strategies have consistently pressured this revenue segment, dampening overall financial performance expectations.

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Stock Movement Drivers

Fundamental Drivers

The -3.8% change in CARS stock from 1/31/2026 to 5/11/2026 was primarily driven by a -10.3% change in the company's Net Income Margin (%).
(LTM values as of)13120265112026Change
Stock Price ($)11.3610.93-3.8%
Change Contribution By: 
Total Revenues ($ Mil)7207240.6%
Net Income Margin (%)4.2%3.7%-10.3%
P/E Multiple23.423.81.8%
Shares Outstanding (Mil)62594.7%
Cumulative Contribution-3.8%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/11/2026
ReturnCorrelation
CARS-3.8% 
Market (SPY)3.6%31.0%
Sector (XLC)-3.4%15.5%

Fundamental Drivers

The 1.8% change in CARS stock from 10/31/2025 to 5/11/2026 was primarily driven by a 44.0% change in the company's P/E Multiple.
(LTM values as of)103120255112026Change
Stock Price ($)10.7410.931.8%
Change Contribution By: 
Total Revenues ($ Mil)7187240.9%
Net Income Margin (%)5.7%3.7%-34.7%
P/E Multiple16.523.844.0%
Shares Outstanding (Mil)63597.2%
Cumulative Contribution1.8%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/11/2026
ReturnCorrelation
CARS1.8% 
Market (SPY)5.5%28.5%
Sector (XLC)1.3%18.9%

Fundamental Drivers

The -6.1% change in CARS stock from 4/30/2025 to 5/11/2026 was primarily driven by a -44.3% change in the company's Net Income Margin (%).
(LTM values as of)43020255112026Change
Stock Price ($)11.6410.93-6.1%
Change Contribution By: 
Total Revenues ($ Mil)7197240.7%
Net Income Margin (%)6.7%3.7%-44.3%
P/E Multiple15.723.851.5%
Shares Outstanding (Mil)655910.4%
Cumulative Contribution-6.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/11/2026
ReturnCorrelation
CARS-6.1% 
Market (SPY)30.4%35.4%
Sector (XLC)22.6%27.9%

Fundamental Drivers

The -44.1% change in CARS stock from 4/30/2023 to 5/11/2026 was primarily driven by a -68.5% change in the company's P/E Multiple.
(LTM values as of)43020235112026Change
Stock Price ($)19.5710.93-44.1%
Change Contribution By: 
Total Revenues ($ Mil)65472410.8%
Net Income Margin (%)2.6%3.7%41.9%
P/E Multiple75.723.8-68.5%
Shares Outstanding (Mil)675912.9%
Cumulative Contribution-44.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/11/2026
ReturnCorrelation
CARS-44.1% 
Market (SPY)78.7%42.3%
Sector (XLC)99.4%36.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CARS Return42%-14%38%-9%-30%-4%3%
Peers Return-1%-48%251%80%9%-3%240%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
CARS Win Rate67%42%67%33%58%40% 
Peers Win Rate48%37%62%60%48%44% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
CARS Max Drawdown0%-45%0%-20%-42%-38% 
Peers Max Drawdown-19%-59%-6%-18%-33%-29% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CARG, CVNA, ACVA, LAD, SAH. See CARS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/11/2026 (YTD)

How Low Can It Go

EventCARSS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-46.4%-24.5%
  % Gain to Breakeven86.5%32.4%
  Time to Breakeven264 days427 days
2020 COVID-19 Crash
  % Loss-68.3%-33.7%
  % Gain to Breakeven215.2%50.9%
  Time to Breakeven237 days140 days

Compare to CARG, CVNA, ACVA, LAD, SAH

In The Past

Cars.com's stock fell -8.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 8.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCARSS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-46.4%-24.5%
  % Gain to Breakeven86.5%32.4%
  Time to Breakeven264 days427 days
2020 COVID-19 Crash
  % Loss-68.3%-33.7%
  % Gain to Breakeven215.2%50.9%
  Time to Breakeven237 days140 days

Compare to CARG, CVNA, ACVA, LAD, SAH

In The Past

Cars.com's stock fell -8.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 8.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Cars.com (CARS)

Cars.com Inc. operates as a digital marketplace and provides solutions for the automotive industry. Its platform connects car shoppers with sellers. The company, through its marketplace, dealer websites, and other digital products, showcases dealer inventory, elevate and amplify dealers' and automotive manufacturers' (OEMs) brands, connect sellers with ready-to-buy audience, and empower shoppers with the resources and information needed to make car buying decisions. It also offers marketplace products, such as marketplace subscription advertising and social selling services; digital solutions, including Website platform hosting, AI chat tool, digital retailing, and review and reputation management; and advertising comprising display advertising, instant loan screening and approvals, digital advertising, and in-market audio services. As of December 31, 2021, the company served 19,179 dealer customers in 50 states, which included franchise and independent dealers, with digital and brick-and-mortar stores; and primary automakers selling vehicles in the United States. Its customers are local car dealers, OEMs, and other national advertisers. Cars.com Inc. was founded in 1998 and is based in Chicago, Illinois.

AI Analysis | Feedback

Here are a few analogies for Cars.com:

  • Zillow for cars.
  • Expedia for car dealerships.

AI Analysis | Feedback

  • Digital Automotive Marketplace: A platform connecting car shoppers with sellers, showcasing dealer inventory, and providing resources for car buying decisions.
  • Marketplace Subscription Advertising: Services enabling dealers and automotive manufacturers to promote their inventory and brands on the Cars.com platform.
  • Dealer Website Platform Hosting: Provides website infrastructure and hosting solutions specifically for automotive dealer customers.
  • Digital Retailing Solutions: Tools and services, including AI chat and online transaction facilitation, to support dealers' digital sales processes.
  • Review and Reputation Management: Services designed to help dealers manage customer reviews and maintain their online reputation.
  • Digital Advertising Services: Offers various advertising solutions, such as display advertising, social selling, and in-market audio services, for automotive clients.
  • Instant Loan Screening and Approvals: Services integrated into the platform to facilitate pre-qualification and approval for car loans for shoppers.

AI Analysis | Feedback

The major customers of Cars.com (CARS) are other companies. Its primary customers are:
  • Local car dealers: This includes both franchise and independent dealers, operating with digital and/or brick-and-mortar stores.
  • Automotive manufacturers (OEMs): Primary automakers selling vehicles in the United States.
  • Other national advertisers: Companies beyond dealers and OEMs that seek to advertise on Cars.com's platform.

AI Analysis | Feedback

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AI Analysis | Feedback

Tobias Hartmann, Chief Executive Officer

Tobias "Tobi" Hartmann became the Chief Executive Officer of Cars.com Inc. on January 15, 2026. He brings over 25 years of experience in B2C and B2B technology, e-commerce, and marketplace companies. Prior to joining Cars.com, Hartmann served as CEO and Chairman of the Management Board for Scout24 SE Group, the parent company for ImmoScout24, a prominent European digital real estate marketplace, where he successfully transformed the company's strategy and achieved record revenue and margin growth. He also held the position of President U.S. and was a member of the Executive Management Board of HelloFresh SE, where he played a crucial role in making it the U.S. market leader. Earlier in his career, he led the carve-out of eBay Enterprise from eBay Inc., forming a new service provider for omnichannel and commerce technology solutions.

Sonia Jain, Chief Financial Officer

Sonia Jain was reappointed as Chief Financial Officer of Cars.com Inc. in October 2022, a role she previously held from July 2020 to April 2022. In her capacity, she is responsible for the company's financial health, overseeing accounting, finance and analytics, treasury, investor relations, and strategic planning. Before her tenure at Cars.com, Jain served as Chief Financial Officer of Redbox Automated Retail from September 2016 to July 2020, during which Redbox was acquired by Apollo Global Management. She also served as Chief Financial Officer of Convoy Inc. from April to September 2022. Her extensive background includes serving as Vice President, Finance and Treasurer with Outerwall, and prior experience as an investment banker at Morgan Stanley and a consultant at McKinsey & Co.

Doug Miller, Chief Revenue Officer

Doug Miller joined Cars.com as Chief Revenue Officer in August 2018. He brings over 20 years of experience in building digital businesses within technology, media, and marketplace sectors. Prior to Cars.com, Miller was the Chief Executive Officer of Chatbox, an early-stage technology company focused on messaging platforms for sales and service teams. He also served as Chief Revenue Officer at LivingSocial, an online consumer marketplace, where he was instrumental in its growth from a startup to a global enterprise with nearly $2 billion in sales. His previous executive roles include positions at Expedia, Ticketmaster, and Citysearch.

Lisa Gosselin, Chief Commercial Officer

Lisa Gosselin serves as the Chief Commercial Officer for Cars.com Inc. In this role, she is responsible for the company's go-to-market strategy, driving revenue growth, strengthening strategic partnerships, and delivering long-term value for both dealer and OEM clients.

Angelique Strong Marks, Chief Legal Officer

Angelique Strong Marks serves as the Chief Legal Officer and Corporate Secretary for Cars.com Inc., a role she assumed in April 2022. She oversees legal corporate governance, compliance, information security, and data privacy matters for the company. Before joining Cars.com, Marks was General Counsel and Corporate Secretary at REE Automotive, where she was a key member of the team that successfully established REE as a publicly traded company. Her prior experience also includes serving as General Counsel, Corporate Secretary, and Compliance Officer at Mahle Industries and Behr America, both global suppliers to the automotive industry.

AI Analysis | Feedback

The key risks to Cars.com's business include intense competition and declining consumer engagement, macroeconomic factors impacting the automotive industry, and challenges related to slow growth and financial performance.

  1. Intense Competition and Declining Consumer Engagement: Cars.com operates in a highly competitive digital marketplace, facing pressure from existing and new competitors such as CarGurus, AutoTrader, and TrueCar, as well as other automotive websites and software providers. The company's ability to attract consumers and customers is crucial, and a competitive landscape can materially and adversely affect its business. Recent reports indicate that Cars.com is experiencing declining consumer traffic and monthly active users, which poses a significant challenge to its marketplace model that relies on engagement to generate leads for dealer customers. Furthermore, it is relatively expensive for Cars.com to acquire new users, highlighting the competitive nature of the market.
  2. Macroeconomic Factors and Automotive Industry Dynamics: A substantial portion of Cars.com's revenue is derived from subscription products offered to automotive dealers and customers within or adjacent to the automotive industry. This makes the company's performance susceptible to the broader automotive ecosystem, including fluctuations in consumer demand, low automobile sales, and dealer inventory shortages due to production delays. Macroeconomic issues such as high average new car prices, consumers struggling financially, high loan delinquencies, and falling used vehicle values further complicate the market. Changes in marketing budgets from automotive manufacturers (OEMs) can also negatively impact Cars.com's revenue.
  3. Slow Growth and Financial Performance Concerns: Cars.com has experienced sluggish revenue growth, with low single-digit increases over the past few years and similar modest projections for the upcoming year. This slow growth is accompanied by pressure on operating and adjusted EBITDA margins, as costs have been rising faster than revenue. The company has also reported a sharp decline in net income. Additionally, Cars.com carries a significant net debt load, which, combined with thin cash resources, can constrain its financial flexibility and increase its exposure to interest expenses.

AI Analysis | Feedback

The increasing market share gained by integrated online car retail platforms that handle end-to-end transactions (e.g., Carvana, Vroom) and the growing trend of direct-to-consumer sales by automotive manufacturers (e.g., Tesla) represent a clear emerging threat. These models bypass or significantly reduce the traditional dealership network, which constitutes the primary customer base for Cars.com's digital marketplace and advertising solutions. This shift could erode Cars.com's addressable market and diminish the value proposition of its services for traditional dealers.

AI Analysis | Feedback

Cars.com (symbol: CARS) operates within a multi-billion dollar addressable market, primarily focused on the U.S. automotive ecosystem. The company itself states it operates in a $50 billion Total Addressable Market (TAM) that spans various growth markets within the automotive industry.

Market Sizes for Main Products and Services:

  • Automotive Advertising (U.S.): The U.S. automotive advertising market is approximately $12 billion. More specifically, the North American automotive online advertising market was estimated at $2,592.66 million in 2019 and is projected to reach $5,649.40 million by 2025. The broader U.S. online advertising market generated $94,091.3 million in revenue in 2024 and is expected to reach $201,924.8 million by 2030.
  • Automotive Dealer Software and Solutions (U.S./North America): This market encompasses various digital solutions for dealerships, including website hosting, AI tools, digital retailing, and reputation management, which align with Cars.com's offerings.
    • The U.S. auto dealer software market was valued at $5,444.48 million in 2024.
    • The North America automotive dealership software market was valued at $5,453.61 million in 2023 and is estimated to reach $12,953.15 million by 2033.
    • The U.S. automotive software market (a broader category that includes dealer solutions) generated $7,843.7 million in 2024 and is expected to reach $15,918.8 million by 2030. Another estimate for the United States automotive software market size was $5.78 billion in 2024, projected to reach $9.45 billion by 2033.
  • Automotive E-Commerce and Online Vehicle Retail (U.S./North America): Cars.com's digital marketplace and digital retailing solutions contribute to this market.
    • The U.S. automotive e-commerce market is projected to reach $36.68 billion by 2026.
    • In 2025, North America led the global automotive e-commerce market with approximately a 32.79% share, with the global market valued at $116.24 billion.
    • The global online vehicle retail market was valued at $320.4 billion in 2023 and is estimated to reach $684.2 billion by the end of 2034, with North America accounting for a significant share.
    • The U.S. e-commerce automotive aftermarket was valued at $27,517.44 million in 2025.

AI Analysis | Feedback

Cars.com (CARS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

  1. Increased Dealer Customer Count and Enhanced Monetization of Existing Marketplace Offerings: Cars.com anticipates growth by expanding its base of dealer customers and increasing the Average Revenue Per Dealer (ARPD). This will be achieved through strategic marketplace and website repackaging initiatives, as well as the successful cross-selling and upgrades of existing products to premium tiers.

  2. Expansion and Adoption of Advanced Digital Solutions and New Products: The company is focused on the continued growth and adoption of innovative digital tools. Key drivers include its AI-powered search assistant, Carson, which has shown to improve consumer engagement, and the recently launched AccuTrade IMS, a full lifecycle inventory management system. Additionally, other digital retailing and appraisal products are expected to enhance user experience and dealer efficiency.

  3. Growth in OEM and National Advertising Investments: As new vehicle inventory levels rise and new models are introduced, Cars.com expects renewed interest and increased spending from automotive manufacturers (OEMs) and national advertisers. These entities are leveraging Cars.com's market-leading solutions to effectively reach high-intent buyers.

  4. Strategic Acquisitions: Future opportunistic acquisitions, similar to the D2C Media acquisition, are a potential driver of incremental revenue. Such acquisitions could expand the company's offerings and further grow its customer base within the automotive industry.

AI Analysis | Feedback

Share Repurchases

  • Cars.com repurchased 7.1 million shares for $86.0 million in 2025, with $173.8 million remaining under an authorized $250.0 million share repurchase program as of December 31, 2025.
  • The company repurchased 2.8 million shares for $49.2 million in 2024.
  • In 2023, Cars.com repurchased 1.7 million shares for $31.3 million.

Share Issuance

  • Share dilution effects in 2025 were stable, with share repurchases aimed at offsetting expected dilution from stock-based compensation.

Outbound Investments

  • In January 2025, Cars.com acquired DealerClub Inc., a dealer-to-dealer digital wholesale auction platform, for approximately $25 million in cash at closing, with a potential for up to an additional $88 million in performance-based consideration.
  • The company completed the acquisition of D2C Media Inc. in November 2023, a Canadian provider of website and digital advertising solutions, funded by cash on hand and borrowings from its revolving credit facility.
  • In November 2021, Cars.com acquired CreditIQ for an undisclosed amount.

Capital Expenditures

  • Capital expenditures, including purchases of property and equipment and capitalization of internally developed technology, were approximately $4 million in 2025.
  • Capital expenditures were approximately $3 million in 2024 and $1 million in 2023.
  • The primary focus of capital expenditures includes the capitalization of internally developed technology and the purchase of property and equipment.

Better Bets vs. Cars.com (CARS)

Trade Ideas

Select ideas related to CARS.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CMCSA_4242026_Dip_Buyer_FCFYield04242026CMCSAComcastDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-1.9%-1.9%-2.9%
TTD_4022026_Dip_Buyer_High_CFO_Margins_ExInd_DE04022026TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
7.0%7.0%-8.9%
META_3272026_Dip_Buyer_ValueBuy03272026METAMeta PlatformsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
16.4%16.4%0.0%
CARG_3062026_Insider_Buying_GTE_1Mil_EBITp+DE_V203062026CARGCarGurusInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
8.3%8.3%-8.3%
SAH_2202026_Insider_Buying_GTE_1Mil_EBITp+DE_V202202026SAHSonic AutomotiveInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
18.9%18.9%-9.5%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CARSCARGCVNAACVALADSAHMedian
NameCars.com CarGurus Carvana ACV Auct.Lithia M.Sonic Au. 
Mkt Price10.9332.3976.236.09286.6780.8254.31
Mkt Cap0.63.054.41.16.72.72.9
Rev LTM72492522,52278137,72815,1548,039
Op Inc LTM702582,068-581,394541400
FCF LTM13626974042-453418202
FCF 3Y Avg12717186215-2474083
CFO LTM16229791188-74567230
CFO 3Y Avg1512269775383220186

Growth & Margins

CARSCARGCVNAACVALADSAHMedian
NameCars.com CarGurus Carvana ACV Auct.Lithia M.Sonic Au. 
Rev Chg LTM0.9%16.5%51.7%15.9%2.5%6.5%11.2%
Rev Chg 3Y Avg3.0%-6.7%24.1%21.5%10.0%2.7%6.5%
Rev Chg Q0.7%14.8%52.0%11.8%1.0%-0.6%6.4%
QoQ Delta Rev Chg LTM0.2%3.5%10.8%2.8%0.2%-0.2%1.5%
Op Inc Chg LTM49.2%33.7%65.4%23.7%-9.8%16.3%28.7%
Op Inc Chg 3Y Avg5.5%39.3%251.0%15.7%-7.5%-4.0%10.6%
Op Mgn LTM9.7%27.9%9.2%-7.4%3.7%3.6%6.4%
Op Mgn 3Y Avg8.0%23.9%6.4%-12.2%4.3%3.4%5.4%
QoQ Delta Op Mgn LTM1.4%-0.0%-0.1%0.9%-0.2%-0.1%-0.0%
CFO/Rev LTM22.4%32.1%4.0%11.3%-0.2%3.7%7.7%
CFO/Rev 3Y Avg21.1%27.5%6.6%7.0%0.2%1.5%6.8%
FCF/Rev LTM18.7%29.1%3.3%5.4%-1.2%2.8%4.3%
FCF/Rev 3Y Avg17.7%20.2%5.9%1.2%-0.7%0.2%3.5%

Valuation

CARSCARGCVNAACVALADSAHMedian
NameCars.com CarGurus Carvana ACV Auct.Lithia M.Sonic Au. 
Mkt Cap0.63.054.41.16.72.72.9
P/S0.93.32.41.40.20.21.1
P/Op Inc9.111.826.3-18.24.85.17.1
P/EBIT8.711.8-151.6-21.04.07.65.8
P/E23.820.437.8-17.09.423.121.8
P/CFO4.010.259.712.0-90.94.87.5
Total Yield4.2%4.9%2.6%-5.9%11.4%6.1%4.5%
Dividend Yield0.0%0.0%0.0%0.0%0.8%1.8%0.0%
FCF Yield 3Y Avg18.7%5.6%4.6%2.1%-3.7%0.8%3.4%
D/E0.70.10.10.22.41.50.4
Net D/E0.60.00.0-0.12.31.50.3

Returns

CARSCARGCVNAACVALADSAHMedian
NameCars.com CarGurus Carvana ACV Auct.Lithia M.Sonic Au. 
1M Rtn12.1%-5.2%13.3%40.6%5.2%18.7%12.7%
3M Rtn-1.5%13.6%-7.4%-16.6%-13.1%32.1%-4.5%
6M Rtn-5.6%-8.6%18.3%9.1%-2.2%31.8%3.5%
12M Rtn4.8%4.2%42.2%-63.5%-5.5%27.2%4.5%
3Y Rtn-41.8%69.9%3,530.0%-62.3%38.5%112.3%54.2%
1M Excs Rtn3.4%-13.9%4.6%31.9%-3.6%10.0%4.0%
3M Excs Rtn-8.0%7.2%-13.8%-23.0%-19.5%25.7%-10.9%
6M Excs Rtn-11.7%-12.5%21.1%9.3%-11.0%26.8%-0.8%
12M Excs Rtn-22.1%-15.0%2.6%-93.7%-35.6%-4.7%-18.6%
3Y Excs Rtn-118.6%26.4%5,111.2%-137.0%-40.7%33.6%-7.1%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single segment719689   
Dealer  579  
OEM and National  59  
Other  1688
Display advertising   8585
Pay per lead   1219
Subscription advertising and digital solutions   518436
Total719689654624548


Operating Income by Segment
$ Mil20252024202320222021
Single segment 54   
Total 54   


Net Income by Segment
$ Mil20252024202320222021
Single segment 118   
Total 118   


Price Behavior

Price Behavior
Market Price$10.93 
Market Cap ($ Bil)0.7 
First Trading Date05/18/2017 
Distance from 52W High-20.7% 
   50 Days200 Days
DMA Price$9.38$11.33
DMA Trenddowndown
Distance from DMA16.5%-3.5%
 3M1YR
Volatility59.5%46.5%
Downside Capture0.950.78
Upside Capture150.36114.19
Correlation (SPY)27.3%36.0%
CARS Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta-0.100.711.130.971.311.19
Up Beta-0.57-0.060.020.731.461.06
Down Beta14.192.101.230.881.441.08
Up Capture183%144%143%115%92%120%
Bmk +ve Days15223166141428
Stock +ve Days16263766128356
Down Capture-674%-6%167%110%132%110%
Bmk -ve Days4183056108321
Stock -ve Days6172656119378

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CARS
CARS11.0%46.7%0.37-
Sector ETF (XLC)19.9%13.3%1.1128.7%
Equity (SPY)28.1%12.5%1.7837.2%
Gold (GLD)42.9%26.9%1.30-8.1%
Commodities (DBC)48.6%18.0%2.14-11.5%
Real Estate (VNQ)13.6%13.5%0.7021.4%
Bitcoin (BTCUSD)-22.4%41.7%-0.5020.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CARS
CARS-2.8%44.7%0.08-
Sector ETF (XLC)9.6%20.7%0.3742.9%
Equity (SPY)12.9%17.1%0.5948.1%
Gold (GLD)21.2%17.9%0.961.4%
Commodities (DBC)13.5%19.1%0.586.6%
Real Estate (VNQ)3.6%18.8%0.0937.5%
Bitcoin (BTCUSD)8.5%56.0%0.3623.9%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CARS
CARS-7.6%57.0%0.07-
Sector ETF (XLC)9.6%22.3%0.5041.0%
Equity (SPY)15.0%17.9%0.7244.4%
Gold (GLD)13.4%15.9%0.70-1.6%
Commodities (DBC)9.5%17.7%0.4510.1%
Real Estate (VNQ)5.6%20.7%0.2436.3%
Bitcoin (BTCUSD)68.1%66.9%1.0712.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity6.4 Mil
Short Interest: % Change Since 4152026-6.8%
Average Daily Volume0.8 Mil
Days-to-Cover Short Interest7.7 days
Basic Shares Quantity58.9 Mil
Short % of Basic Shares10.8%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/202610.2%  
2/26/2026-15.5%-22.3%-23.9%
11/6/20256.5%11.6%14.5%
8/7/2025-10.4%-0.8%3.5%
5/8/2025-11.2%-1.3%-8.3%
2/27/2025-21.4%-21.9%-23.1%
11/7/20246.2%12.3%11.7%
8/8/2024-6.0%-1.8%-2.9%
...
SUMMARY STATS   
# Positive121213
# Negative121110
Median Positive9.6%12.0%11.7%
Median Negative-9.4%-8.0%-10.8%
Max Positive52.9%26.1%58.0%
Max Negative-21.4%-24.1%-23.9%

SEC Filings

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Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202502/26/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/27/202510-K
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202302/22/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/23/202310-K
09/30/202211/03/202210-Q
06/30/202208/03/202210-Q

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue Growth 1.0%    
Q2 2026 Adjusted EBITDA margin 28.5%    
2026 Revenue Growth 1.0% 0.0% AffirmedGuidance: 1.0% for 2026
2026 Adjusted EBITDA margin 29.5% 0.0% AffirmedGuidance: 29.5% for 2026
2026 Share Repurchases 90.00 Mil    

Prior: Q4 2025 Earnings Reported 2/26/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue Growth0.0%0.5%1.0%   
Q1 2026 Adjusted EBITDA Margin26.0%26.5%27.0%   
2026 Revenue Growth0.0%1.0%2.0%   
2026 Adjusted EBITDA Margin29.0%29.5%30.0%-1.7%-0.5%LoweredGuidance: 30.0% for 2025

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Ross, Jenell DirectBuy31620267.561,99515,082525,254Form
2Jain, SoniaChief Financial OfficerDirectSell1219202513.4511,400153,3303,276,985Form
3Crawford, Matthew BChief Product Innovation Off.DirectSell1204202512.0327,358329,117855,369Form
4Crawford, Matthew BChief Product Innovation Off.DirectSell812202511.7715,000176,5501,158,886Form
5Vetter, Thomas AlexCEODirectBuy512202510.7527,870299,5589,081,304Form