Cars.com (CARS) Q3 2026 Earnings Call Transcript

Cars.com reported results from its Q3 2026 earnings call, highlighting steady momentum in its Marketplace business and stronger profitability. Revenue came in at $181.9 million, slightly higher year over year, supported by Marketplace revenue of $182 million, up 5% as the company improved value delivery and customer acquisition. Net income rose to $16.3 million, up 113%, driven by improved operating income. Adjusted EBITDA was $55.8 million (up 2%), with an adjusted EBITDA margin of 30.7%, exceeding the high end of guidance by 120 basis points for a third straight quarter. Monthly ARPD increased 3% to $2,532. The company also cited more than 1 million monthly Carson AI users and $30 million to $35 million in annualized operating cost savings, alongside $97.3 million free cash flow for the first nine months.