Cars.com Inc (CARS)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	245,552	244,061	242,797	242,201	234,690	216,187	206,148	200,658	201,125	309,226	306,787	267,714	-648,740	-649,561	-1,108,992	-1,007,211	-20,841	-35,125	513,406	535,594
Revenue (ttm)	US$ in thousands	658,830	645,165	634,703	628,503	618,556	607,735	598,672	590,537	584,954	589,024	575,606	524,000	521,274	520,453	531,218	577,629	583,693	595,852	613,781	634,454
Gross profit margin		37.27%	37.83%	38.25%	38.54%	37.94%	35.57%	34.43%	33.98%	34.38%	52.50%	53.30%	51.09%	-124.45%	-124.81%	-208.76%	-174.37%	-3.57%	-5.89%	83.65%	84.42%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $245,552K ÷ $658,830K
= 37.27%

The gross profit margin of Cars.com has been consistently strong, ranging from 81.85% to 82.42% over the past eight quarters. This indicates that the company is effectively managing its direct costs related to the production of goods and services. The slight fluctuations in gross profit margin are likely due to varying levels of sales and cost of goods sold during different quarters. Overall, the company's ability to maintain a high gross profit margin suggests efficient operations and effective pricing strategies.