 CHICAGO, May 6, 2021 PRNewswire -- Cars.com Inc. NYSE: CARS CARS or the Company, a leading digital marketplace and solutions provider for the automotive industry, today released its financial results for the quarter ended March 31, 2021. Q1 2021 Financial and Key Metric Highlights Revenue of 153.3 million, up 5.2 million, or 4 year-over-year GAAP net income of 5.3 million, or 0.08 per diluted share Adjusted EBITDA of 48.1 million, or 31 of revenue, up 13.0 million year-over-year Net cash provided by operating activities of 50.4 million, up 74 year-over-year, with Free Cash Flow of 44.1 million, compared to 28.9 million of net cash provided by operating activities and 23.1 million of Free Cash Flow in the prior-year period Average Monthly Unique Visitors of 26.0 million, up 4 year-over-year Traffic of 156.6 million, down 1 year-over-year Monthly Average Revenue Per Dealer ARPD of 2,268, up 8 from 2,092 in the prior-year period, representing three consecutive quarters of year-over-year growth Dealer Customers of 18,823 as of March 31, 2021, up 451, the highest number of additions since the spin-off, compared to 18,372 as of December 31, 2020 Operational Highlights Became a semi-exclusive provider of website services for FordDirect, opening up a new opportunity to sell to FordDirects 3,000 U.S. dealers Surpassed 10 million vehicle, dealership and salesperson reviews, demonstrating a focus on continuously providing unique content to consumers through digital solutions like DealerRater Appointed auto industry veteran, Jenell Ross, to CARS Board of Directors; Jenell is the President of Bob Ross Auto Group, a leading Midwest dealership, and was recently named to Automotive News 100 Leading Women in the North American Auto Industry We maintained strong momentum in our business in the first quarter, delivering continued sequential growth in dealer customers and year-over-year growth in ARPD and across all key financial measures. 