Cars.com Inc (CARS)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	594,820	467,394	538,917	509,483	445,967
Revenue	US$ in thousands	719,152	689,183	653,876	623,683	547,503
Gross profit margin		82.71%	67.82%	82.42%	81.69%	81.45%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $594,820K ÷ $719,152K
= 82.71%

Based on the data provided, the gross profit margin of Cars.com Inc has shown a fluctuating trend over the years. It started at a high level of 81.45% as of December 31, 2020, increased slightly to 81.69% by December 31, 2021, and further rose to 82.42% by December 31, 2022, indicating a positive performance in effectively managing the cost of goods sold.

However, there was a significant dip in the gross profit margin to 67.82% as of December 31, 2023, which implies a potential increase in the cost of goods sold relative to revenue during that period. Nonetheless, the company rebounded strongly in the subsequent year, achieving a high gross profit margin of 82.71% as of December 31, 2024.

Overall, the company's gross profit margin has demonstrated some variability but has generally remained at healthy levels, suggesting efficient cost management and pricing strategies within the business operations.