Cars.com Inc. (CARS) Q3 2024 Earnings Call Transcript Summary
Cars.com Inc. (CARS) Q3 2024 Earnings Call Transcript Summary
OEM and National revenue increased by 17% year-over-year to $17 million.The following is a summary of the Cars.com Inc. (CARS) Q3 2024 Earnings Call Transcript:
以下是Cars.com Inc.（CARS）2024年第三季度業績會文本摘要：
Financial Performance:
財務表現:
Cars.com reported third-quarter revenue of $180 million, a 3% year-over-year increase, marking their 16th consecutive quarter of growth.
Adjusted EBITDA for the quarter was $51 million, reflecting a 3% year-over-year increase, with a margin of 28.5%.
OEM and National revenue increased by 17% year-over-year to $17 million.
Cars.com報告第三季度營業收入18000萬美元，同比增長3%，標誌着他們連續第16個季度的增長。
該季度調整後的EBITDA爲5100萬美元，同比增長3%，利潤率爲28.5%。
OEm和國家營業收入同比增長17%，達到1700萬美元。
Business Progress:
業務進展:
Notable growth in product adoption, particularly with AccuTrade, which saw a 5% increase in appraisal volume to 671,000 appraisals in Q3.
Expansion in dealer websites, reaching over 7,650, particularly in Canada where Cars.com has become the leading provider.
Continued penetration of AccuTrade, with about 950 dealers on board and endorsement by major OEMs, contributing to broad demand across the marketplace.
產品採用顯著增長，尤其是AccuTrade，在第三季度評估量增加了5%，達到671,000次評估。
經銷商網站擴展至超過7,650個，特別是在加拿大，Cars.com已成爲主要服務提供商。
AccuTrade的持續滲透，約有950家經銷商參與，受到主要原廠製造商的認可，促進了全市場的需求。
Opportunities:
機會：
Leveraging product innovation for growth, particularly with a strong emphasis on AccuTrade and digital website experiences.
Expanding market presence in OEM segments, particularly with the increased focus on integrating more OEMs into the AccuTrade endorsement program.
利用產品創新實現增長，特別是強調AccuTrade和數字網站體驗。
在原廠製造商細分市場中擴大市場份額，特別是加大整合更多原廠製造商到AccuTrade認可計劃中的關注。
Risks:
風險：
Dependence on OEM endorsements and expansions for their new product, AccuTrade, which could affect growth if not successfully executed or delayed.
Potential challenges in dealer revenue continuity and growth due to the third-party DMS outage and ongoing normalization of dealer profits.
依靠原廠製造商的認可和擴張來推動他們的新產品AccuTrade，如果執行不成功或推遲可能會影響增長。
經銷商營收的持續性和增長可能面臨潛在挑戰，由於第三方DMS中斷和經銷商利潤持續正常化。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
