Cars.com Inc. (CARS) Q4 2025 Earnings Call

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WEBVTT 00:00:05.465 -- 00:00:07.465 Thank 00:00:07.888 -- 00:00:09.888 you. 00:00:47.770 -- 00:00:49.770 ¶¶ 00:02:27.400 -- 00:02:29.400 Thank 00:02:31.280 -- 00:02:33.280 you. 00:03:28.319 -- 00:03:30.319 Thank 00:03:33.727 -- 00:03:35.727 you. 00:04:30.638 -- 00:04:35.783 Good morning, ladies and gentlemen, and welcome to the CARS fourth quarter and fiscal 00:04:35.783 -- 00:04:41.368 year 2025 earnings conference call. At this time, all lines are in listen-only 00:04:41.368 -- 00:04:46.073 mode. Following the presentation, we will conduct a question and answer session. 00:04:46.073 -- 00:04:51.337 If at any time during this call you require immediate assistance, please press star zero 00:04:51.337 -- 00:04:57.461 for the operator. This call is being recorded on Thursday, February 26, 2026. 00:04:57.622 -- 00:05:02.306 I would now like to turn the conference over to Catherine Chen, Vice President of Investor 00:05:02.306 -- 00:05:05.948 Relations. Please go ahead. 00:05:07.010 -- 00:05:09.613 Good morning, everyone, and thank you for joining us. 00:05:09.613 -- 00:05:12.655 It's my pleasure to welcome you to the CARS.com, Inc. 00:05:12.655 -- 00:05:16.278 Fourth Quarter and Full Year 2025 Conference Call. 00:05:16.278 -- 00:05:21.583 With me this morning are Toby Hartman, CEO, and Sonia Jane, CFO, who will share business 00:05:21.583 -- 00:05:24.786 highlights and our financial results and outlook. 00:05:24.786 -- 00:05:29.173 We'll finish the call with Q&A. Before I turn the call over to Toby, I'd like to draw 00:05:29.173 -- 00:05:32.897 your attention to our forward-looking statements and the description and definition of 00:05:32.897 -- 00:05:36.782 non-GAAP financial measures, which can be found in our presentation. 00:05:36.782 -- 00:05:41.868 We'll be discus...