---
title: "Online Marketplace Cars.com is Hauling in Cash"
description: "Online automotive marketplace went public nine months ago"
date: "2018-03-06"
modified: "2019-05-17"
authors:
  - name: "Kate Gibson"
    link: "https://www.thedrive.com/authors/kate-gibson"
url: "https://www.thedrive.com/news/19020/online-marketplace-cars-com-is-really-making-money"
categories:
  - "News"
tags:
  - "cars.com"
---

# Online Marketplace Cars.com is Hauling in Cash

![](<https://www.thedrive.com/wp-content/uploads/images-by-url-td/content/2018/03/gettyimages-692602498-e1520343802309.jpg>)
*\<em\>www.thedrive.com</em>*

Cars.com tallied net income of $151.8 million in the fourth quarter, the Chicago-based company [reported](<https://finance.yahoo.com/news/cars-com-reports-fourth-quarter-120000757.html>) Tuesday.

The online [automotive](<https://www.carchex.com/>) marketplace, which went public nine months ago, posted revenue of $156.6 million during the three-month period.

It reported net income of $2.11 on a per-share basis, and adjusted earnings of 48 cents a share.

For the year, the company recorded a profit of $224.4 million, or $3.13 a share, and revenue of $626.3 million.

"In the past few months, we have demonstrated substantial progress executing on our strategic growth priorities," Alex Vetter, the company's president and CEO, said in a statement. "We also acquired two market-leading technology companies that provide digital solutions to automotive dealers," he added of the privately-held Dealer Inspire and Launch Digital Marketing.

Down almost 2 percent from the start of 2018, shares were up more than 6 percent in pre-market trade.

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