Carscom Inc

For the period ended Sep 30, 2024. Filed Nov 7, 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.

Sep 30, 2024 · Filed Nov 7, 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 September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Revenue:
Dealer	$159,513	$157,116	$481,171	$460,268
OEM and National	17,014	14,549	48,149	40,494
Other	3,124	2,668	9,401	8,815
Total revenue	179,651	174,333	538,721	509,577
Operating expenses:
Cost of revenue and operations	31,610	31,077	92,602	91,287
Product and technology	29,223	25,297	84,891	74,354
Marketing and sales	58,288	60,186	177,664	176,636
General and administrative	21,511	17,785	67,348	53,738
Depreciation and amortization	27,563	25,670	82,499	74,381
Total operating expenses	168,195	160,015	505,004	470,396
Operating income	11,456	14,318	33,717	39,181
Nonoperating expenses:
Interest expense, net	(8,028)	(7,777)	(24,458)	(24,171)
Other income (expense), net	21,111	(3,902)	32,498	1,204
Total nonoperating income (expense), net	13,083	(11,679)	8,040	(22,967)
Income before income taxes	24,539	2,639	41,757	16,214
Income tax expense (benefit)	5,820	(1,852)	10,873	(93,882)
Net income	$18,719	$4,491	$30,884	$110,096
Weighted-average common shares outstanding:
Basic	66,107	66,773	66,319	66,820
Diluted	67,666	68,508	67,590	68,199
Earnings per share:
Basic	$0.28	$0.07	$0.47	$1.65
Diluted	0.28	0.07	0.46	1.61

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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.