Cars.com (CARS) reported earnings on Wed 8 Aug 2018 (b/o)

** charts before earnings **

** charts after earnings **

 

Cars.com misses by $0.12, misses on revs; lowers FY18 rev guidance 

• Reports Q2 (Jun) earnings of $0.48 per share, excluding non-recurring items, $0.12 worse than the two analyst estimate of $0.60; revenues rose 7.6% year/year to $168.5 mln vs the $171.75 mln Capital IQ Consensus. 
• Due to lower subscription revenue in the first half of the year and lower growth in our national advertising business, the Company is revising its full year 2018 guidance. The Company now expects ~6 to 7% revenue growth (down from +10-11%) with Adjusted EBITDA margin of ~34%.
• Doug Miller, a seasoned marketplace executive with more than 20 years of experience building digital businesses, has been appointed Chief Revenue Officer, succeeding John Clavadetscher