Cars.com Inc. (NYSE:CARS) Q4 2023 Earnings Call Transcript

Sonia Jain: I mean, the only thing I would add is I think we are seeing progress on margins. If you look at the guide that we have given for the full year, or honestly even the guide we gave for Q1 on adjusted EBITDA margin relative to what we delivered last year, you are starting to see that progress. I think we do want to ultimately continue to grow this business in a profitable way. So, there is the question around how you think about making incremental investments to drive long-term growth in the business, long-term profitable growth in the business and short-term margins. But I think you are starting to see that improvement come through in the numbers.

Marvin Fong: Okay. That’s terrific. Thanks guys.

Operator: Thank you. There are no further question at this time. I will now turn the call over to Mr. Alex Vetter, CEO. Please go ahead.

Alex Vetter: I just wanted to thank everybody for their interest in Cars Commerce. We are going to continue to share our story and look forward to seeing many of you as part of our upcoming IR engagements. Quick notes, on February 26th, we are going to be at the JPMorgan High Yield Conference in Miami. And on February 28th, we are going to host investor meetings in Minneapolis with Barrington Research. Details about these events as well as recording of our investor breakfast at NADA, is available on the events section of our IR website. You can also download our industry insights report, which we have posted there as well. This concludes our call for today and thank you and have a great day.

Operator: Thank you. Ladies and gentlemen, this does conclude our conference for today. Thank you all for participating. You may all disconnect.