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Cars.com (CARS) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Cars.com (CARS) Q3 2026 earnings results →

Q3 2026 Revenue up 0% year over year to $182M · 9¢ of every $1 of revenue kept as net profit · operating margin 15.9%

Cars.com made $182M in Q3 2026 (+0.2% Y/Y). Operating margin 15.9%, net earnings $16.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$182M
Year over year+0.2%
Operating margin15.9%
Net earnings$16.3M
Operating cash flow$59.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $181.9M in Q3 2026, roughly flat year over year and up 1% from the previous quarter.

Operating profit was $28.9M, a 15.9% margin (up 6.6 points year over year). Of the extra revenue versus Q3 2025, 3898% reached operating profit, above the 9% margin then. Total costs fell 7% while revenue was flat. Net earnings were $16.3M, up 113% year over year. The effective tax rate was 23.8%.

Operating cash flow was $59.0M (roughly flat year over year), 361% of net earnings. Non-cash charges added back $16.4M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items added $20.6M. After capitalization of internally developed technology ($5.2M) and purchase of property and equipment ($43K), free cash flow as the company reports it was $53.8M.

Quarterly history

Cars.com revenue by quarterCars.com revenue by quarter$179MQ1 2025$179MQ2 2025$182MQ3 2025$184MQ4 2025$180MQ1 2026$180MQ2 2026$182MQ3 2026
Cars.com net earnings by quarterCars.com net earnings by quarter−$2.0MQ1 2025$7.0MQ2 2025$7.7MQ3 2025$7.4MQ4 2025$5.0MQ1 2026$14.3MQ2 2026$16.3MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$182M+0.2%15.9%$16.3M$59.0M
Q2 202610-QAug 6, 2026$180M+0.7%15.5%$14.3M$15.8M
Q1 202610-QMay 7, 2026$180M+0.7%9.2%$5.0M$39.8M
Q4 202510-KFeb 26, 2026$184M+2%11.8%$7.4M$37.1M
Q3 202510-QNov 6, 2025$182M+1%9.3%$7.7M$58.8M
Q2 202510-QAug 7, 2025$179M-0.1%8.5%$7.0M$26.2M
Q1 202510-QMay 8, 2025$179M-0.6%3.6%−$2.0M$29.5M

Charts

Cars.com: revenue growth, year over year and quarter over quarterCars.com: revenue growth, year over year and quarter over quarterY/YQ/Q-1%Q1 20250%0%Q2 2025+1%+2%Q3 2025+2%+1%Q4 2025+1%-2%Q1 2026+1%0%Q2 2026+0%+1%Q3 2026
Latest (Q3 2026): Y/Y +0%, Q/Q +1%.
Cars.com: where the cash came from (+) and went (−), TTM to Q3 2026Cars.com: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$152MBuybacks−$96.9MOther investing−$30.2MNet borrowing (+) / repaid (−)−$10.0MCash drawn (+) / kept (−)−$9.5MOther financing−$3.7MCapital spending−$1.2MExchange rates−$215K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Cars.com: profit against cash, quarter by quarterCars.com: profit against cash, quarter by quarterNet incomeOperating cash flow$17.3M$30.0MQ4 2024−$2.0M$29.5MQ1 2025$7.0M$26.2MQ2 2025$7.7M$58.8MQ3 2025$7.4M$37.1MQ4 2025$5.0M$39.8MQ1 2026$14.3M$15.8MQ2 2026$16.3M$59.0MQ3 2026
Latest (Q3 2026): Net income $16.3M, Operating cash flow $59.0M.
Cars.com: diluted shares by fiscal yearCars.com: diluted shares by fiscal year67MFY202071MFY202170MFY202268MFY202367MFY202463MFY2025
-5.9% since FY2020: buybacks shrank the count.
Cars.com: long-term debt falling due (FY2025)Cars.com: long-term debt falling due (FY2025)$400M2028$55.0M2029
Cash $56.2M, short-term investments —, long-term debt $455M at 2025-12-31.
Cars.com in its industry: growth against margin (65 companies, SIC 7374)Cars.com in its industry: growth against margin (65 companies, SIC 7374)revenue growth, year over year →↑ operating marginmedian +9%median -8%ADPDXCWDAYTOSTRDDTVRSKRNGPLTKCLVTFAPEGAAPLDFIVNTASKEVTCCARGNRDSHNGELFTORAMPGDRXLZEGHTUPWKIBEXSSTKLIFYEXTTCXINODOOMAHAWKGLOOBRUNFIRYVERIBIRDINFQNXTTQMLSTRAKMOVEQBTSSHAZDTCXSDCHONFOBHICKWIKSEQCPHUNWORXONEICASTDTSTHTCRPWDYPVITMYX Inc.NTCSSTWIRADCCRCWHNITCARS (+0%, 16%)
Services-Computer Processing & Data Preparation; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Cars.com

Our premier automotive marketplace, Cars.com, empowers shoppers with the data, resources and digital tools they need to make informed buying decisions and seamlessly connect with automotive retailers. We also equip dealerships and OEMs with innovative solutions and data-driven intelligence to better reach and influence our 26 million average monthly shoppers. Not only does our marketplace drive ready-to-buy customers to the dealership, we believe our interconnected ecosystem of products also allows dealerships to operate more efficiently by facilitating a faster and easier car buying and selling experience.

In its own words, from its 10-K, filed Feb 26, 2026.

Cars.com against its Services-Computer Processing & Data Preparation peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.2% against the peers' median +6%. Operating margin: 15.9% against the peers' median 15.9%.

CompanyQuarterRevenueY/YOp. margin
CARS Cars.comQ3 2026$182M+0.2%15.9%
ADP Automatic Data ProcessingQ1 FY27$5.5B+6%23.9%
DXC DXC TechnologyQ2 FY27$3.0B-4%6.2%
WDAY WorkdayQ2 FY27$2.6B+13%11.8%
TOST ToastQ3 2026$2.0B+21%8.3%
RDDT RedditQ3 2026$895M+53%29.2%
VRSK Verisk AnalyticsQ3 2026$809M+5%45.2%
RNG RingCentralQ3 2026$676M+6%8.0%
PLTK Playtika HoldingQ3 2026$674M-0.1%17.2%

Source: Cars.com 10-Q on SEC EDGAR · CIK 1683606 · Services-Computer Processing & Data Preparation

Guidance and outlook

Cars.com: what its forward-looking statements are about (10-Q filed 2026-11-05)Cars.com: what its forward-looking statements are about (10-Q filed 2026-11-05)Buybacks & dividends1
1 statements; tone +0.00 (−1 all cautious, +1 all confident); 0 hedged.

13F: who owns CARS and who is buying

Largest holders of CARS (13F)Largest holders of CARS (13F)FMR LLC$91.7MVanguard Group$63.6MBlackRock$45.6MPale Fire Capital SE$43.8MDimensional Fund Advisors LP$36.7MHill Path Capital LP$27.1MBrown Advisory$25.9MVanguard Capital Management LLC$25.6MBreach Inlet Capital Management, …$24.0MAmerican Century Companies$23.4M
Funds' net buying of CARS by quarter (13F)Funds' net buying of CARS by quarter (13F)−$90.2M2024-09−$17.4M2024-12−$15.6M2025-03$4.4M2025-06$19.4M2025-09−$22.1M2025-12−$6.9M2026-03−$25.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CARS

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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