May. 8 at 11:37 AM
$CARS Cars.com suspends FY25 revenue guidance
The company said, "While OEM and dealer partners remain committed to investments in Cars Commerce solutions, it is likely that the magnitude and timing of some spending will continue to shift until the macroeconomic environment stabilizes. In light of this heightened volatility and uncertainty related to the automotive industry outlook and tariff impacts, the company is suspending full year 2025 revenue guidance and will provide an update when visibility improves.
The company's 2025 growth initiatives remain intact, which include driving product adoption, broad-based repackaging efforts, and continued product innovation. Additionally, the company is reaffirming Full Year Adjusted EBITDA margin guidance of 29% to 31% and expects Adjusted EBITDA margins in the second quarter of 2025 to be between 27% and 29%. Adjusted EBITDA margin guidance reflects the company's confidence in managing operating levers across a range of macroeconomic scenarios."
