Cars.com Inc. (CARS) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.095 Good morning, ladies and gentlemen, and welcome to the CARS.com 00:00:04.095 -- 00:00:06.317 first quarter 2025 00:00:06.317 -- 00:00:08.660 earnings conference call. 00:00:08.660 -- 00:00:12.604 At this time, all lines are in listen-only mode. 00:00:12.604 -- 00:00:17.689 Following the presentation, we will conduct a question and answer session. 00:00:17.689 -- 00:00:22.173 If at any time during this call you require immediate assistance, 00:00:22.173 -- 00:00:25.735 please press star zero for the operator. 00:00:25.877 -- 00:00:30.118 This call is being recorded on Thursday, May 8, of 2025. 00:00:30.118 -- 00:00:32.118 I 00:00:32.119 -- 00:00:37.304 would now like to turn the conference over to Catherine Chen, President of Investor 00:00:37.304 -- 00:00:40.585 Relations. Please go ahead. 00:00:41.868 -- 00:00:44.690 Good morning, everyone, and thank you for joining us. 00:00:44.690 -- 00:00:47.733 It's my pleasure to welcome you to the CARS.com, Inc. 00:00:47.733 -- 00:00:53.558 First Quarter 2025 Conference Call. With me today are Alex Sutter, CEO, 00:00:53.558 -- 00:00:55.980 and Sonia Jane, CFO. 00:00:55.980 -- 00:01:00.089 Alex will start by discussing the business highlights from our first quarter. 00:01:00.089 -- 00:01:05.814 Then, Sonia will discuss our financial results in greater detail along with our outlook. 00:01:05.814 -- 00:01:08.296 We'll finish the call with Q&A. 00:01:08.296 -- 00:01:12.199 Before I turn the call over to Alex, I'd like to draw your attention to our forward-looking 00:01:12.199 -- 00:01:17.284 statements and the description and definition of non-GAAP financial measures, which can 00:01:17.284 -- 00:01:19.646 be found in our presentation. 00:01:19.646 -- 00:01:25.511 We will be discussing certain n...