Cars.com Inc. (CARS) reported second-quarter 2026 revenue of $179.9 million, up 1% from a year earlier, for the period ended June 30. Net income rose 103% year over year to $14.3 million, and net income per diluted share was $0.25.
The company said Marketplace revenue grew more than 7% year over year, while OEM and National revenue fell 18%. Cars.com reaffirmed its full-year 2026 outlook for revenue to be flat to up 2% year over year and adjusted EBITDA margin of 29.0% to 30.0%.
- Adjusted EBITDA was $53.0 million, or 29.4% of revenue, up 4% year over year.
- Dealer revenue was $163.3 million, up 3%; OEM and National revenue was $13.6 million, down 18%.
- Second-quarter share repurchases totaled 3.7 million shares for $37 million; year-to-date repurchases totaled 6.2 million shares for $57 million.
- Total debt outstanding was $450.0 million and total liquidity was $333.3 million as of June 30, 2026.
- Third-quarter revenue is expected to be flat to up 2% year over year, with adjusted EBITDA margin of 28.5% to 29.5%.
$CARS Insider Trading Activity
$CARS insiders have traded $CARS stock on the open market 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $CARS stock by insiders over the last 6 months:
- SONIA JAIN (Chief Financial Officer) has made 0 purchases and 2 sales selling 86,600 shares for an estimated $825,514.
- JENELL ROSS purchased 1,995 shares for an estimated $15,082
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CARS Hedge Fund Activity
We have seen 92 institutional investors add shares of $CARS stock to their portfolio, and 111 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 4,127,844 shares (-48.9%) from their portfolio in Q1 2026, for an estimated $33,518,093
- PALE FIRE CAPITAL SE added 3,295,117 shares (+498.1%) to their portfolio in Q1 2026, for an estimated $26,756,350
- PAR CAPITAL MANAGEMENT INC removed 2,451,349 shares (-90.9%) from their portfolio in Q1 2026, for an estimated $19,904,953
- BREACH INLET CAPITAL MANAGEMENT, LLC added 1,394,745 shares (+191.2%) to their portfolio in Q1 2026, for an estimated $11,325,329
- STATE STREET CORP removed 796,711 shares (-35.2%) from their portfolio in Q1 2026, for an estimated $6,469,293
- PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC removed 751,671 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $6,103,568
- PRICE T ROWE ASSOCIATES INC /MD/ removed 701,413 shares (-89.5%) from their portfolio in Q1 2026, for an estimated $5,695,473
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
