Cars reports second quarter 2023 results

Delivered second quarter guidance achieved 6% arpd and 5% traffic year-over-year growth generated $56 million of year-to-date cash flow from operations chicago , aug. 3, 2023 /prnewswire/ -- cars.com inc. (nyse: cars) ("cars" or the "company"), the leading digital automotive platform that provides a robust set of digital solutions, today released its financial results for the second quarter ended june 30, 2023. q2 2023 financial and key metric highlights revenue of $168.2 million, up $5.3 million, or 3% year-over-year net income of $94.1 million, or $1.37 per diluted share, compared to $5.5 million, or $0.08 per diluted share, in the prior year.
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