Carscom Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
CARS$13.37-0.8%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
(In thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue: | ||
| Dealer | $161,815 | $149,843 |
| OEM and National | 15,307 | 13,543 |
| Other | 3,054 | 3,682 |
| Total revenue | 180,176 | 167,068 |
| Operating expenses: | ||
| Cost of revenue and operations | 29,962 | 29,795 |
| Product and technology | 28,085 | 24,101 |
| Marketing and sales | 59,163 | 58,297 |
| General and administrative | 22,857 | 18,304 |
| Depreciation and amortization | 27,365 | 24,042 |
| Total operating expenses | 167,432 | 154,539 |
| Operating income | 12,744 | 12,529 |
| Nonoperating expense: | ||
| Interest expense, net | (8,321) | (8,244) |
| Other (expense) income, net | (3,603) | 8,239 |
| Total nonoperating expense, net | (11,924) | (5) |
| Income before income taxes | 820 | 12,524 |
| Income tax expense | 36 | 1,045 |
| Net income | $784 | $11,479 |
| Weighted-average common shares outstanding: | ||
| Basic | 66,318 | 66,530 |
| Diluted | 67,291 | 67,747 |
| Earnings per share: | ||
| Basic | $0.01 | $0.17 |
| Diluted | 0.01 | 0.17 |
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