Carscom Inc

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 8, 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 June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Revenue:
Dealer	$159,843	$153,309	$321,658	$303,152
OEM and National	15,828	12,402	31,135	25,945
Other	3,223	2,465	6,277	6,147
Total revenue	178,894	168,176	359,070	335,244
Operating expenses:
Cost of revenue and operations	31,030	30,415	60,992	60,210
Product and technology	27,583	24,956	55,668	49,057
Marketing and sales	60,213	58,153	119,376	116,450
General and administrative	22,980	17,649	45,837	35,953
Depreciation and amortization	27,571	24,669	54,936	48,711
Total operating expenses	169,377	155,842	336,809	310,381
Operating income	9,517	12,334	22,261	24,863
Nonoperating expenses:
Interest expense, net	(8,109)	(8,150)	(16,430)	(16,394)
Other income (expense), net	14,990	(3,133)	11,387	5,106
Total nonoperating income (expense), net	6,881	(11,283)	(5,043)	(11,288)
Income before income taxes	16,398	1,051	17,218	13,575
Income tax expense (benefit)	5,017	(93,075)	5,053	(92,030)
Net income	$11,381	$94,126	$12,165	$105,605
Weighted-average common shares outstanding:
Basic	66,534	66,762	66,426	66,646
Diluted	67,821	68,493	67,514	68,118
Earnings per share:
Basic	$0.17	$1.41	$0.18	$1.58
Diluted	0.17	1.37	0.18	1.55

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.