Cars.com Inc (CARS)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Gross profit (ttm) US$ in thousands 484,216 484,203 479,418 524,469 566,978 557,616 550,127 545,735 538,917 528,674 520,532 514,474 509,483 506,248 497,581 449,367 445,967 447,744 455,787 500,578
Revenue (ttm) US$ in thousands 719,152 718,327 713,009 702,291 689,183 677,778 668,040 662,737 653,876 643,980 635,938 628,595 623,683 618,386 606,225 552,704 547,503 546,682 554,380 600,578
Gross profit margin 67.33% 67.41% 67.24% 74.68% 82.27% 82.27% 82.35% 82.35% 82.42% 82.09% 81.85% 81.85% 81.69% 81.87% 82.08% 81.30% 81.45% 81.90% 82.22% 83.35%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $484,216K ÷ $719,152K
= 67.33%

The gross profit margin of Cars.com Inc has shown a generally declining trend over the past few years, starting at 83.35% in March 2020 and gradually decreasing to 67.33% by December 2024. This indicates that the company's profitability from sales has been decreasing over time. However, there were fluctuations in between, with some quarters showing slight improvements in the gross profit margin. It would be important for the company to analyze the factors contributing to this decline and work towards strategies to improve its profit margins in the future.