Cars.com Inc. provided earnings guidance for the third quarter and full year 2023. For the quarter, the company expects revenue to be between $172.0 million and $174.0 million. year-over-year revenue growth of 4.5% to 5.7%.

For the full year, the company reaffirmed revenue guidance, of 4% to 6% year-over-year growth, raising the midpoint of revenue guidance, which reflects the benefit of the Company?s Marketplace Repackaging initiative and assumes a conservative outlook on OEM and National Revenue despite recent improvements in inventory levels.