Cars.com Enrolls More Dealers in Unique Programs Featured

By Staff Writer May 14, 2019 451

Cars.com Inc. reported a net loss of $9 million in the first quarter, compared to net income of $0.9 million.


Revenues were $154.2 million, down $5.8 million year-over-year. Adjusted net income was $20.7 million, down $7.7 million year-over-year.


Net cash provided by operating activities was $38.4 million for the first quarter, with free cash flow of $35 million.


Cars.com saw average monthly unique visitors of 22.4 million, up 16 percent year-over-year.


Traffic was 132.5 million, up 17 percent year-over-year, driven by strong SEO and paid traffic. Mobile traffic accounted for 71 percent of total traffic compared to 65 percent in the first quarter of 2018.


Dealer customers were 19,300 as of March 31 compared with 19,921 as of Dec. 31.


Direct monthly average revenue per dealer (ARPD) was $2,102, up 3 percent year-over-year excluding revenue from dealer websites and related digital solutions from Dealer Inspire. When dealer website and related digital solutions from Dealer Inspire is included, ARPD was $2,225 for the first quarter of 2019.


Dealer Inspire revenue grew 24 percent year-over-year on a pro forma basis, and Dealer Inspire website customers reached 2,700 at March 31, compared to 2,500 at Dec. 31.


Cars.com now has 3,700 dealers enrolled in AutoCorrected, an automated solution allowing dealers to auto-populate features and options in their vehicle listings.

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Last modified on Tuesday, 14 May 2019 14:20