Cars.com Inc. (CARS) Tops Q1 EPS by 8c, Suspends Guidance

Cars.com Inc. (NYSE: CARS) reported Q1 EPS of $0.32, $0.08 better than the analyst estimate of $0.24. Revenue for the quarter came in at $148.1 million versus the consensus estimate of $144.27 million.

Outlook:

Prior to the COVID-19 impact, the Company believed that it was in a position to deliver a robust second half of the year and to exit the year with revenue and Adjusted EBITDA growth. The effects of the COVID-19 pandemic restrictions have and will negatively impact results of operations, cash flow and financial position; however, the extent of the impact will vary depending on the duration and severity of the restrictions and economic consequences. Accordingly, on March 23, 2020, the Company suspended 2020 guidance.

For earnings history and earnings-related data on Cars.com Inc. (CARS) click here.

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