Cars.com Reports Third-Quarter 2026 Revenue of $181.9 Million
Marketplace revenue increased 5% year over year, while net income rose to $16.3 million, up 113%. Adjusted EBITDA was $55.8 million at a 30.7% margin, 120 basis points above the company’s guidance range. Cars.com repurchased 1.4 million shares for $16 million during the quarter.
Cars.com Inc. reported third-quarter 2026 revenue of $181.9 million, driven by a 5% year-over-year increase in Marketplace revenue. Net income rose to $16.3 million, representing an 113% increase compared to the same period last year. Adjusted EBITDA reached $55.8 million with a margin of 30.7%, exceeding the company's guidance range by 120 basis points.
The company also reported the repurchase of 1.4 million shares for $16 million during the quarter, bringing year-to-date repurchases to 7.6 million shares for $74 million. Additionally, management highlighted the launch of a new self-service subscription product aimed at local independent dealers.