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

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the CARS.com first quarter 2025 earnings conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, May 8, of 2025. I would now like to turn the conference over to Catherine Chen, President of Investor Relations. Please go ahead. Good morning, everyone, and thank you for joining us. It's my pleasure to welcome you to the CARS.com, Inc. First Quarter 2025 Conference Call. With me today are Alex Sutter, CEO, and Sonia Jane, CFO. Alex will start by discussing the business highlights from our first quarter. Then, Sonia will discuss our financial results in greater detail along with our outlook. We'll finish the call with Q&A. Before I turn the call over to Alex, I'd like to draw your attention to our forward-looking statements and the description and definition of non-GAAP financial measures, which can be found in our presentation. We will be discussing certain non-GAAP financial measures today, including adjusted EBITDA, adjusted EBITDA margin, adjusted operating expenses, adjusted net income, and free cash flow. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures can be found in the financial table included with our earnings press release and in the appendix of our presentation. Any forward-looking statements are subject to risks and uncertainties. For more information, please refer to the risk factors included in our SEC filing, including those in our most recently filed 10-K, which is available on the IR section of our website. We assume no obli...