What move does the options market price into Cars.com's report?

Implied ±11.5%, either direction.

How often does Cars.com move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

CARSNYSEServices-Computer Processing & Data Preparation

Cars.com Inc. (CARS) earnings date, market-implied expected move, and options open interest by expiry

12.74

+1.18 · +10.21%

post 12.74 0.00%

Closed16:00 ET

Open12.27Volume1.9MMkt cap$682.5MP/E21.97EPS0.58

Day12.27 – 13.0957%52-wk7.40 – 13.6985%

CARS

Cars.com Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±11.5%implied · report alone

8Q avg ±10.3%·×1.12·fair

11.2914.21

straddle ±12.3%

spot 12.75exp Nov 20ATM strike 12.5ATM straddle 1.85IV 87%

Nov 4 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

before open · in 1 day

confirmedQ3 FY26

Calendar

Next report

Last report

−0.84%

vs ±11.7% implied · ×0.07

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−0.91%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

198 managers

Top fund weight

0.02%

CARS weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Cars.com (CARS) reports on Nov 5 before open (confirmed date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±10.6%
avg realized: ±10.3%

Nov 7 '24Nov 7 '24confirmed±9.5%▲+6.19%×0.65

Feb 27 '25Feb 27 '25confirmed±10.3%▼−21.37%×2.08

May 8 '25May 8 '25confirmed±8.4%▼−11.22%×1.34

Aug 7 '25Aug 7 '25confirmed±9.9%▼−10.36%×1.05

Q3 FY25Nov 6 '25confirmed±10.2%▲+6.53%×0.64

Q1 FY26Feb 26 '26confirmed±12.3%▼−15.46%×1.26

May 7 '26May 7 '26confirmed±12.9%▲+10.19%×0.79

Q2 FY26Aug 6 '26confirmed±11.7%▼−0.84%×0.07

quarterimplied−25%0+25%realized×

Q2 FY26±11.7%▼−0.84%×0.07

May '26±12.9%▲+10.19%×0.79

Q1 FY26±12.3%▼−15.46%×1.26

Q3 FY25±10.2%▲+6.53%×0.64

Aug '25±9.9%▼−10.36%×1.05

May '25±8.4%▼−11.22%×1.34

2 older reports

Feb '25±10.3%▼−21.37%×2.08

Nov '24±9.5%▲+6.19%×0.65

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Nov 4 close

0.01OI · 3 expiries · Nov 4 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

20%Nov 2016d2430%

2,7770%Dec 1844d11.77236+2%11.77

102—Mar 19135d1.5068—1.50

ExpiryPutsCallsP/C

Nov 2016d20%2430%0.01

Dec 1844d2,7770%236+2%11.77

Mar 19135d102—68—1.50

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±12.3%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

7.93%as filednet margin · revenue −0.16% QoQ · +0.67% YoY

Revenue

$180M−0.16% QoQ

Gross profit

$180M−0.16% QoQ

100.00% margin

Operating income

$28M+67.59% QoQ

15.49% margin

Pre-tax income

$20M+124.02% QoQ

Net income

$14M+186.52% QoQ

7.93% margin

Operating expenses

$152M−7.05% QoQ

Marketing $61M

Other operating $30M

R&D $27M

Other operating $34M

Other expense

$8M

Tax

$5M+40.80% QoQ

Revenue$180M−0.16%

Gross profit

$180M−0.16%

100.00% margin

Operating income

$28M+67.59%

15.49% margin

Pre-tax income

$20M+124.02%

Net income

$14M+186.52%

7.93% margin

Cost of revenue

Operating expenses

$152M−7.05%

Marketing $61M

Other operating $30M

R&D $27M

Other expense

$8M

Tax$5M+40.80%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

GDP ×1.67· ±3.3% vs ±2.0% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±3.3%4 of 19×1.67

PCEpersonal income & outlays±2.6%10 of 19×1.32

PPIproducer prices±2.5%4 of 10×1.26

NFPjobs report±2.3%5 of 10×1.18

CPIconsumer prices±2.3%6 of 10×1.16

FOMCrate decision±2.2%10 of 24×1.11

CPROFcorporate profits±1.8%2 of 12×0.94

Bar = avg |move| to ±4% · tick = ±2.0% avg day · ×base = |move| ÷ ±2.0% · min 6 releases

Earnings history

EPS 0.25 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.25	—
Q1 FY26	Feb 26 '26 · confirmed	0.08	—
Q3 FY25	Nov 6 '25 · confirmed	0.12	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod