Welcome to our dedicated page for Cars.Com SEC filings (Ticker: CARS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Cars.com Inc. filings document the public-company disclosures of an automotive marketplace and dealer-technology platform. Its 8-K reports furnish operating and financial results, including revenue trends, profitability measures, cash flow, dealer metrics, marketplace activity, and share repurchase disclosures tied to the company’s capital-allocation program.
Proxy materials cover annual meeting matters, shareholder voting, board governance, executive compensation, equity awards, and leadership succession. Other material-event filings address executive changes, governance matters, capital-structure disclosure, and the formal reporting controls that frame Cars.com’s business as a NYSE-listed operating company.
Cars.com Inc. reported record full-year 2025 revenue of $723.2 million, up 1%, with fourth-quarter revenue of $183.9 million, up 2%. Q4 net income was $7.4 million, or $0.12 per diluted share, down from $17.3 million a year earlier mainly due to a prior-period gain on an equity sale. Q4 Adjusted EBITDA was $54.9 million, essentially flat year over year with a 29.9% margin.
For 2025, net income was $20.1 million versus $48.2 million in 2024, while Adjusted EBITDA rose to $211.1 million with a 29.2% margin. The company generated $151.6 million in operating cash flow and $125.7 million in free cash flow, repurchasing 7.1 million shares for $86.0 million, about 9% of shares outstanding. Dealer customers increased to 19,544. For 2026, management expects revenue to be flat to up 2% year over year and Adjusted EBITDA margin between 29.0% and 30.0%, with Q1 revenue flat to up 1% and margin of 26.0–27.0%.
The Vanguard Group filed an amended Schedule 13G/A reporting its beneficial ownership in Cars.com Inc. common stock. Vanguard reports beneficial ownership of 5,216,380 shares, representing 8.72% of the outstanding common stock. Vanguard has shared voting power over 466,417 shares and shared dispositive power over 5,216,380 shares, with no sole voting or dispositive power.
The filing notes that, following an internal realignment effective January 12, 2026, certain Vanguard subsidiaries or business divisions that pursue the same investment strategies are expected to report beneficial ownership separately on a disaggregated basis. Vanguard states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Cars.com.
Cars.com Inc. filed an initial statement of beneficial ownership for its CEO-designate, Tobias Hartmann, as of 12/22/2025. The filing states that no Cars.com securities, either direct or indirect and including derivative securities, are beneficially owned. The report is filed as a single-person filing and clarifies Hartmann’s role as an officer in the capacity of CEO-designate.
Cars.com Inc. reported new equity awards to its CEO-designate following a transaction dated 12/22/2025. The executive received 233,827 shares of common stock in the form of restricted stock units granted under the Cars.com Inc. 2025 Inducement Equity Plan, at a stated price of $0.00 per unit. Each RSU converts into one share of common stock upon vesting.
The filing also shows a grant of 155,885 performance-based stock units with a conversion price of $0.00. These PSUs may settle in an equal number of common shares if specified stock performance goals are met and the executive continues in service through the vesting dates. The PSUs can vest in three equal installments tied to 30‑day average stock price goals of $15, $16 and $17 and dates of January 1, 2027, January 1, 2028 and December 31, 2028.
Cars.com Inc. Chief Financial Officer Sonia Jain reported a sale of 11,400 shares of Cars.com common stock. The transaction occurred on 12/17/2025 and is coded as an open market or private sale. The shares were sold at a weighted average price of $13.45 per share, with individual trade prices ranging from $13.26 to $13.63.
Following this transaction, Jain beneficially owns 243,642 shares of Cars.com common stock, which includes restricted stock units. Her ownership is reported as direct.
Cars.com Inc. is registering 1,000,000 shares of common stock for issuance under its new 2025 Inducement Equity Incentive Plan. These shares are reserved exclusively for equity awards granted to individuals who were not previously employees or directors, as an inducement that is material to accepting employment, consistent with NYSE Listed Company Manual Section 303A.08.
The plan was adopted on December 11, 2025 by a majority of the independent members of the board of directors. The company also outlines standard Delaware-law based indemnification and liability protections for its directors and officers and incorporates its recent annual, quarterly, and current reports by reference into this registration.
Cars.com Inc. announced a planned leadership transition. Alex Vetter will step down as Chief Executive Officer and Director on January 15, 2026, remain as a Special Advisor through March 31, 2026, and then leave the company with severance benefits under the executive severance plan. During this transition period he will continue to receive his base salary and standard employee benefits.
The Board has appointed Tobias “Tobi” Hartmann as Chief Executive Officer-Designate, with a start date expected on December 22, 2025. He will become Chief Executive Officer on or before January 15, 2026 and join the Board, with nomination planned for the 2026 annual meeting. His offer includes a $750,000 annual base salary, a target annual incentive equal to 110% of salary beginning in 2026, RSUs with a target value of $3,000,000 vesting over three years, and PRSUs with a target value of $2,000,000 tied to stock price goals and service. The company also adopted a 2025 Inducement Equity Plan reserving 1,000,000 shares for equity awards to new or returning employees.
A holder of Cars.com common stock filed a notice under Rule 144 to sell 11400 shares. The planned transaction lists Merrill Lynch as broker and the NYSE as the exchange, with an approximate sale date of 12/17/2025 and an aggregate market value of 152790.89.
The notice shows these shares were issued as restricted stock units from Cars.com and settled for cash on 03/01/2024 (1106 shares) and 10/01/2024 (10294 shares). It also reports 59813268 Cars.com common shares outstanding, giving context for the relative size of this planned sale.
Cars.com Inc. disclosed that an executive officer reported a stock sale. The Chief Product Innovation Officer sold 27,358 shares of common stock on 12/02/2025 in an open-market transaction coded as a sale. The shares were sold at a weighted average price of $12.03 per share, with individual trade prices ranging from $11.90 to $12.11.
After this transaction, the reporting person beneficially owns 71,103 shares of Cars.com common stock, which the filing notes includes restricted stock units (RSUs). The form indicates it was filed by a single reporting person and is signed by an attorney-in-fact acting on the insider’s behalf.
Cars.com has a notice under Rule 144 covering a planned sale of 27,358 shares of its common stock through broker Merrill at the NYSE. The shares have an aggregate market value of $327,664.41 based on the figures provided, compared with 59,813,268 shares of common stock outstanding. The proposed sale date is approximately December 2, 2025.
The seller acquired these shares as restricted stock units from Cars.com, with 3,790 shares acquired on March 1, 2024 and 23,568 shares acquired on March 1, 2025, both paid in cash. By signing the notice, the seller represents that they are not aware of any material adverse, nonpublic information about Cars.com and, if using a Rule 10b5-1 trading plan, that this representation applies as of the plan’s adoption or instruction date.