Cars.com Inc (CARS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 18,105 | 32,676 | 28,048 | 33,281 | 22,576 | 665 | 5,225 | 4,718 | 9,483 | -13,051 | -5,381 | -35,749 | -964,423 | -939,494 | -1,403,761 | -1,385,868 | -475,279 | -455,121 | 20,296 | 44,235 |
| 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 |
| Pretax margin | 2.75% | 5.06% | 4.42% | 5.30% | 3.65% | 0.11% | 0.87% | 0.80% | 1.62% | -2.22% | -0.93% | -6.82% | -185.01% | -180.51% | -264.25% | -239.92% | -81.43% | -76.38% | 3.31% | 6.97% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $18,105K ÷ $658,830K
= 2.75%
The pretax margin of Cars.com has shown fluctuating trends over the past eight quarters, ranging from a low of 0.10% in Q3 2022 to a high of 5.02% in Q1 2023. In Q4 2023, the pretax margin was reported at 2.63%. The company's pretax margin indicates the proportion of revenue that translates into pre-tax profit, reflecting its operational efficiency and cost management. While the recent margins have been below the levels seen in Q1 2023, they have generally shown improvement compared to earlier quarters in 2022. Further analysis into the factors influencing these fluctuations, such as changes in revenue and expenses, would provide deeper insights into the company's financial performance.
Peer comparison
Dec 31, 2023