Cars.com Inc (LTS:0HTZ)

$ 19.525 -0.065 (-0.33%) Market Cap: 1.29 Bil Enterprise Value: 1.73 Bil PE Ratio: 12.41 PB Ratio: 2.68 GF Score: 74/100

Cars.com Inc at JPMorgan Global Technology, Media and Communications Conference Transcript

May 23, 2023 / 07:15PM GMT

Release Date Price: $12.65

Transcript

Rajat Gupta

JPMorgan Chase & Co, Research Division - Research Analyst

Great. Thanks, everyone, for listening in. Thanks, everyone, for joining here in the room. My name is Rajat Gupta, member of the automotive equity research team at JPMorgan. Very pleased to have with us Alex Vetter, President and CEO of Cars.com; and Sonia Jain, Chief Financial Officer; as well as Robbin, Head of Investor Relations. So I believe Alex has a few short prepared remarks. And after that, we can go into Q&A.

T. Alex Vetter

Cars.com Inc. - CEO & Director

Rajat, thank you, and good to have everybody here today. If you're in this room, I imagine you've heard of Cars.com before, and I would say that's probably the best thing about my business and also maybe the worst thing because when people hear the name Cars.com, they think of us as a singular website. And what's important to know about the business is, over the past several years, we've transformed the company into a software solutions provider of technology to the auto industry.

So we're now powering over 6

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