Cars.com Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Sales of Unregistered Securities by Issuer
None.
Purchases of Equity Securities by Issuer
Our stock repurchase activity for the three months ended June 30, 2025 is as follows:
| Period · Total Number of Shares Purchased (1) · Average Price Paid per Share (1) · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) · Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in thousands) (3) | |||||
|---|---|---|---|---|---|
| April 1 through April 30, 2025 | 823,942 | $11.24 | 823,942 | $229,013 | |
| May 1 through May 31, 2025 | 730,494 | 10.69 | 730,494 | 221,201 | |
| June 1 through June 30, 2025 | 558,888 | 10.79 | 558,888 | 215,168 | |
| 2,113,324 | 2,113,324 | ||||
(1)
The total number of shares purchased and subsequently retired and the average price paid per share reflects shares purchased pursuant to the share repurchase program. Our stock repurchases may occur through open market purchases or through privately negotiated transactions.
(2)
On February 27, 2025, the Company announced that its Board of Directors had authorized a three-year share repurchase program to acquire up to $250.0 million of the Company's common stock. The Company may repurchase shares from time to time in open market transactions or through privately negotiated transactions in accordance with applicable federal securities laws and other applicable legal requirements, and subject to the Company's blackout periods. The timing and amounts of any purchases under the share repurchase program will be based on market conditions and other factors including price. The repurchase program may be suspended or discontinued at any time and does not obligate the Company to repurchase any dollar amount or particular amount of shares.
(3)
The amounts presented represent the remaining Board of Directors’ authorized value to be spent after each month's repurchases.
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