Cars.com (CARS) Cost of Revenue (2016 - 2023)
Cars.com (CARS) posted quarterly Cost of Revenue of $9.7 million for Q4 2023, down 31.52% year-over-year from $14.1 million in Q4 2022, and down 61.77% quarter-over-quarter from $25.3 million in Q3 2023.
Cars.com (CARS) Cost of Revenue (2016 - 2023) Analysis & Trends
Cars.com (CARS) has reported Cost of Revenue for 8 consecutive years, with $9.7 million the latest figure, recorded in Q4 2023.
- In Q4 2023, Cost of Revenue fell 31.52% year-over-year to $9.7 million; the TTM figure through Dec 2023 stood at $84.0 million (up 5.07% YoY), while the FY2024 annual figure was $86.5 million, up 2.95% from the prior year.
- Cost of Revenue slipped to $9.7 million in Q4 2023 per CARS's latest filing, from $25.3 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $25.3 million in Q3 2023 and bottomed at $9.7 million in Q4 2023.
- Historically, Cost of Revenue has averaged $18.7 million across 5 years, with a median of $18.9 million in 2020.
- Annual changes were most pronounced in 2020 — Cost of Revenue tumbled 50.53% — and 2021, when it surged 61.53%.
- Cars.com's Cost of Revenue stood at $14.7 million in 2019, then climbed by 24.24% to $18.3 million in 2020, then climbed by 14.67% to $21.0 million in 2021, then tumbled by 32.73% to $14.1 million in 2022, then slumped by 31.52% to $9.7 million in 2023.
- Business Quant data shows CARS's Cost of Revenue at $9.7 million in Q4 2023, $25.3 million in Q3 2023, and $25.0 million in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,214.79 Bn | 3,785.76 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,535.12 Bn | 1,444.86 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Taboola.com | 1,135.20 Bn | 1,135.07 Bn | 139.48 Mn | 337.35 Mn |
| 4 | Baidu | 289.13 Bn | 284.64 Bn | 1.88 Mn | 2.84 Bn |
| 5 | Spotify Technology | 102.98 Bn | 92.74 Bn | 1.75 Bn | 3.56 Bn |
| 6 | Joyy | 77.83 Bn | 76.94 Bn | 205.64 Mn | 376.28 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 131,586.00 |
| 8 | Nebius | 49.19 Bn | 39.56 Bn | 295.20 Mn | 103.80 Mn |
| 9 | 30.41 Bn | 27.63 Bn | 734.60 Mn | 70.31 Mn | |
| 10 | Cars.com | 665.98 Mn | 632.70 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 9.67 Mn |
| Dec 31, 2023 | 9.67 Mn |
| Sep 30, 2023 | 25.30 Mn |
| Sep 30, 2023 | 25.30 Mn |
| Jun 30, 2023 | 24.96 Mn |
| Jun 30, 2023 | 24.96 Mn |
| Mar 31, 2023 | 24.10 Mn |
| Mar 31, 2023 | 24.10 Mn |
| Dec 31, 2022 | 14.12 Mn |
| Dec 31, 2022 | 14.12 Mn |
| Sep 30, 2022 | 21.43 Mn |
| Sep 30, 2022 | 21.43 Mn |
| Jun 30, 2022 | 23.12 Mn |
| Jun 30, 2022 | 23.12 Mn |
| Mar 31, 2022 | 21.31 Mn |
| Mar 31, 2022 | 21.31 Mn |
| Dec 31, 2021 | 20.99 Mn |
| Dec 31, 2021 | 20.99 Mn |
| Sep 30, 2021 | 20.13 Mn |
| Sep 30, 2021 | 20.13 Mn |