Cars.com Inc. (CARS) Reports In-Line Q4 Revenue, Offers Guidance

Cars.com Inc. (NYSE: CARS) reported Q4 EPS of ($0.09), $0.54 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $158.3 million versus the consensus estimate of $158.37 million.

GUIDANCE:

Cars.com Inc. sees Q1 2022 revenue of $156.5-158.5 million, versus the consensus of $160.8 million.

• For the first quarter of 2022, the Company expects Revenue of approximately $156.5 million to $158.5 million. Guidance reflects our strong 2021 performance along with the impact of industry-wide inventory shortages on advertising budgets, particularly for OEMs. The Company expects year-over-year revenue growth to accelerate throughout the year with the roll-out of recently announced and acquired solutions and as inventory recovers. Full-year revenue growth is expected to be between 6% to 8%, with double-digit revenue growth in the fourth quarter, assuming inventory shortages have recovered in the second half.

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

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