Catherine Chen
Vice President of Investor Relations
Replay available
Cars.com Inc. (NYSE: CARS) Q1 2026 earnings conference call, held 2026-05-07. Replay captured from the company's public earnings webcast.

Vice President of Investor Relations
Chief Executive Officer
Chief Financial Officer
Analyst, D.A. Davidson
Analyst, J.P. Morgan
Analyst, BTIG
Analyst, Barrington Research
Analyst, UBS
Watch the replay and follow the connected company analysis, news, and investor updates for Cars.com Inc..
WEBVTT 00:00:00.031 -- 00:00:06.057 Good morning, ladies and gentlemen, and welcome to the CARS First Quarter 2026 Earnings 00:00:06.057 -- 00:00:10.722 Conference Call. At this time, all lines are in your listen-only mode. 00:00:10.722 -- 00:00:15.187 Following the presentation, we will conduct a question-and-answer session. 00:00:15.187 -- 00:00:20.312 If at any time during this call you require immediate assistance, please press star 00:00:20.312 -- 00:00:25.358 0 for the operator. This call is being recorded on Thursday, 00:00:25.358 -- 00:00:27.798 May 7, 2026. 00:00:29.022 -- 00:00:34.388 I would now like to turn the conference over to Catherine Chen, Vice President 00:00:34.388 -- 00:00:38.730 of Investor Relations. Please go ahead. 00:00:38.932 -- 00:00:42.376 Good morning, everyone, and thank you for joining us for the Cars.com Inc. 00:00:42.376 -- 00:00:47.662 First Quarter 2026 Conference Call. With me this morning are Toby Hartman, CEO, 00:00:47.662 -- 00:00:52.467 and Sonia Jain, CFO. Toby will start by discussing business highlights from our first 00:00:52.467 -- 00:00:57.072 quarter. Then Sonia will discuss our financial results in greater detail along with our 00:00:57.072 -- 00:01:02.142 outlook. We'll finish the call with Q&A. Before I turn the call over to Toby, I'd 00:01:02.142 -- 00:01:05.948 like to draw your attention to our forward-looking statements and the description and 00:01:05.948 -- 00:01:10.817 definition of non-GAAP financial measures, which can be found in our presentation. 00:01:10.817 -- 00:01:15.665 We will be discussing certain non-GAAP financial measures, including adjusted EBITDA, 00:01:15.665 -- 00:01:20.895 adjusted EBITDA margin, adjusted operating expenses, adjusted net income, and free cash 00:01:20.895 -- 00:01:25.610 flo...