#1Second Quarter 2022 Earnings August 3, 2022 CARS#2Forward-Looking Statements cars.com fuel This presentation contains "forward-looking statements" within the meaning of the federal securities laws. All statements other than statements of historical facts are forward-looking statements. Forward-looking statements include information concerning the impact of the COVID-19 pandemic on our industry, our dealer customers and our results of operations, our business strategies, strategic alternatives, plans and objectives, market potential, outlook, trends, future financial performance, planned operational and product improvements, potential strategic transactions, liquidity, including draws from our revolving credit facility, expense management and other matters and involve known and unknown risks that are difficult to predict. As a result, our actual financial results, performance, achievements, strategic actions or prospects may differ materially from those expressed or implied by these forward-looking statements. These statements often include words such as "believe," "expect," "project," "anticipate," "outlook," "intend," "strategy," "plan," "estimate," "target," "seek," "will," "may," "would," "should," "could," "forecasts," "mission," "strive," "more," "goal" or similar expressions. Forward-looking statements are based on our current expectations, beliefs, strategies, estimates, projections and assumptions, based on our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments, current developments regarding the COVID-19 pandemic and other factors we think are appropriate. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management based on their knowledge and understanding of the business and industry, are inherently uncertain. These statements are expressed in good faith and we believe these judgments are reasonable. However, you should understand that these statements are not guarantees of strategic action, performance or results. Our actual results and strategic actions could differ materially from those expressed in the forward-looking statements. Given these uncertainties, forward-looking statements should not be relied on in making investment decisions. Comparisons of results between current and prior periods are not intended to express any future trends, or indications of future performance, unless expressed as such, and should only be viewed as historical data. Whether or not any such forward-looking statement is in fact achieved will depend on future events, some of which are beyond our control. Forward-looking statements are subject to a number of risks, uncertainties and other important factors, many of which are beyond our control, that could cause our actual results and strategic actions to differ materially from those expressed in the forward-looking statements contained in this presentation. For a detailed discussion of many of these and other risks and uncertainties, see our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K and our other filings with the Securities and Exchange Commission, available on our website at investor.cars.com or via EDGAR at www.sec.gov. All forward-looking statements contained in this presentation are qualified by these cautionary statements. You should evaluate all forward-looking statements made in this presentation in the context of these risks and uncertainties. The forward-looking statements contained in this presentation are based only on information currently available to us and speak only as of the date of this presentation. We undertake no obligation, other than as may be required by law, to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, unanticipated or otherwise, or changes in future operating results over time or otherwise. The forward-looking statements in this presentation are intended to be subject to the safe harbor protection provided by the federal securities laws.#3Definitions: Non-GAAP Financial Measures cars.com fuel This presentation discusses Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Operating Expenses and Free Cash Flow. These financial measures are not prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). These financial measures are presented as supplemental measures of operating performance because we believe they provide meaningful information regarding our performance and provide a basis to compare operating results between periods. In addition, we use Adjusted EBITDA as a measure for determining incentive compensation targets. Adjusted EBITDA also is used as a performance measure under our credit agreement and includes adjustments such as the items defined below and other further adjustments, which are defined in the credit agreement. These non-GAAP financial measures are frequently used by our lenders, securities analysts, investors and other interested parties to evaluate companies in our industry. For a reconciliation of the non-GAAP measures presented in this presentation to their most directly comparable financial measure prepared in accordance with GAAP, see "Non-GAAP Reconciliations" below. Other companies may define or calculate these measures differently, limiting their usefulness as comparative measures. Because of these limitations, these non-GAAP financial measures should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP. Definitions of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP financial measures are presented in the tables below. We define Adjusted EBITDA as net income (loss) before (1) interest expense, net, (2) income tax (benefit) expense, (3) depreciation, (4) amortization of intangible assets, (5) stock-based compensation expense, (6) unrealized mark-to-market adjustments and cash transactions related to derivative instruments, and (7) certain other items, such as transaction-related items, severance, transformation and other exit costs and write-off and impairments of goodwill, intangible assets and other long-lived assets. Transaction-related items result from actual or potential transactions such as business combinations, mergers, acquisitions, dispositions, spin-offs, financing transactions, and other strategic transactions, including, without limitation, (1) transaction-related bonuses and (2) expenses for advisors and representatives such as investment bankers, consultants, attorneys and accounting firms. Transaction-related items may also include, without limitation, transition and integration costs such as retention bonuses and acquisition-related milestone payments to acquired employees, consulting, compensation and other incremental costs associated with integration projects, and amortization of deferred revenue related to the Accu-Trade acquisition. We define Free Cash Flow as net cash provided by operating activities less capital expenditures, including purchases of property and equipment and capitalization of internal-use software and website development costs. We define Adjusted Operating Expenses as total operating expenses adjusted to exclude stock-based compensation, write-off and impairments of goodwill, intangible assets, long-lived assets, severance, transformation and other exit costs and transaction-related items.#4Continued Solid Results in Q2 2022 at High-End of Guidance Revenue Growth COMMUNITY 609 YOUR INSTANT OFFER $19.725 PONED AcTrade Nurlan Ofer $19,725 2020 FORD ESC 13 N LECOBOOST Schedule an Appointment YOUR OFFER BREAKDOWN 20 FORD ESCAPE Otors YourOffer $21150 50 $1875 $19,725 = E Continued Product Adoption Dealer Growth and Customer Retention#5Industry Trends Consumer Demand Persists, Despite Increased Cost Of Ownership Retail prices for new and used vehicles increased 24% and 17% YOY, respectively. Delayed OEM production continues, OEM incentives are down YOY. • Users suggest they may delay their purchase due to macroeconomic factors. cars.com fuel S#6Platform Strategy cars.com fuel S Advancing Our Platform Strategy with Relevant Solutions 148MM Marketplace Visits in Q2'22 + 311MM Dealer Website Visits Buyers + శ్రీ Sellers 19,500+ Dealer Customers + Nearly Every OEM MARKETPLACE ADVERTISING DEALER WEBSITES FINANCING ты cars.com fuel CreditIQ Integrated Capabilities REVIEWS INVENTORY DealerRater $#7Traffic & Value Delivery High-Quality Efficient Audience Growth Driven By Distinct Editorial Content and Strong Brand 15 30 25 20 cars.com fuel Average Monthly Unique Visitors (MM) +3% YOY 10 Q2'18 Q2'19 Q2'20 Q2'21 Q2'22 S#8Editorial Strength 2022 American-Made Index Reinforces our Brand and SEO Authority cars.com fuel cars.com 2022 Cars.com American-Made Index: Menu Which Cars Are the Most American? 2022 AMERICAN- MADE INDEX cars.com By Patrick Masterson June 21, 2022 Share Cars.com's American-Made Index S Tesla Model Y Fremont, Calif. Austin, Texas Tesla Model 3 Fremont, Calif. Lincoln Corsair Louisville, Ky. Honda Passport Lincoln, Ala. Tesla Model X Fremont, Calif. 6 8 9 10 Tesla Model S Jeep Cherokee Honda Ridgeline Fremont, Calif. Belvidere, Ill. Lincoln, Ala Honda Odyssey Lincoln, Ala. Honda Pilot Lincoln, Ala. Cars.com's American-Made Index re rank all qualifying vehicles built and in the U.S. for the third time in its 17 history. The 2022 study follows the same guidelines as in 2020 and 2021, ranking 95 vehicles through the same five criteria:#9Solutions Growth cars.com fuel Demand for Accu-Trade Remains Robust, Instant Cash Offer Launches Nationwide cers.com Cars for Sale Research & Reviews News & Videos Sell Your Car Service & Repair The easiest way to sell your car Receive an Instant Offer in a few short steps Powered by AccuTrade Sign In / Sign Up Claim Your Off cars.com Your Instant Offer $15,575 Offer Expires 3/19/22 Subject to dealer verification Make Body style Advanced search Shop by what matters most From cargo space to tech, tell us what you li find you cars to love. New used Make Model New & used cars Kia Forte Price No max price 30 miles ZP 60504 Body style. Price Search く Car GET AN INSTANT OFFER ON YOUR CAR IN JUST 2 MINUTES LPQ No max price We have a certified dealer to buy your 2018 Ford Escape! Community Honda 300 Riverside Chicago, IL 312.957.2387 YOUR INSTANT OFFER $19,725 Ford COMMUNITY FORD Schedule an Appointment GET STARTED Instant Offer Marketplace Feature Your Offer Breakdown 2018 FORD ESCAPE Options Menu + Prospects 19 Search Source VI Service Drive 468 KM#21400037611 a Appraisals 11 Year we Mode Grounded Odometer V Cor Offers 2 2020 HYUNDAI ELANTRA 13.000 $18.200 Kyle Johnson HMHDN45071021500 2020 HYUNDAI ELANTRA 13,000 $18.200 Kyle Johnson Propertes Archived 0 Od 15h 44m Od 15h45m S KMHCN46C264209067 2020 HYUNDAI ELANTRA 13.000 $18.200 Kyle Johnson Od 15h 45m PROSPECT ON KMHDN450330537430 2020 HYUNDAI ELANTRA 13,000 $18.2001 Kyle Johnson Od 15h 46m KMHCMSSCAU157969 2020 HYUNDAI FLANTRA 13,000 $18.200 Kyle Johnson Dd 15h 40m KMHCF34F5U228153 2020 HYUNDAI ELANTRA 13,000 $18.200 Kyle Johnson Od 15h 47m KMHDH4AE30U811457 2020 HYUNDAI ELANTRA 13,000 $18.200 Kyle Johnson Od 15h 48m KMH.JM7300016427 2020 HYUNDAI ELANTRA 13,000 $17.300 Kyle Johnson Od 16h Om SKJSA1E23HF199726 2017 TESLA MODELS 55.000 $38.525 10d 19h 31m 2GNAXHEV9L6239715 2020 CHEVROLET EQUINOX $21,400 Max Bednargi NIEV7ARSHM557829 2019 INFINITI 3KPF24AD4ME304135 2021 KIA FORTE 20.000 $16.000 rashid khan 14d21h 49m SALFR2832EH387710 2014 LAND ROVER LR2 75,000 $10.200 rashid khan 14d 21h 54m JTMW1RFVOKD006326 2019 TOYOTA RAV4 40,000 $26.075 rashid khan 35d 11h 38m SUXXW7C34H0U26246 2017 BMW X4 45.000 $76.975 rashid khan 17d 10h 19m $17,000 JNBAT2MVSJW352328 2018 NISSAN ROQUE 35,000 $14,900 rashid Khan Cha 26d 11h 48m. +$250 Above Average Mileage -$1,675 Your Offer? $15,575 2020 CHRYSLER VOYAGER 85,000 $14.750 John Smith COM 20d 15h 59m Accu-Trade Valuation & Appraisal Solution#10CARS Welcomes Brian Kramer GM, EVP of Accu-Trade Deep industry experience, recognized thought leader in automotive 20 years with The Germain Automotive Group, more than a decade as General Manager transforming the company's wholesale operations 5 years as a General Manager for AutoNation Serves on Google Dealer Advisory Board#11Accu-Trade Driving Efficiency, Profitability and Increased Vehicle Acquisition for Dealers "I have acquired more than 130 vehicles in the past 60 days and have seen a 58% increase in Used Vehicle Margin since installing Accu-Trade." "Accu-Trade is my go-to appraisal source. It is our gold standard and enables faster vehicle appraisal consensus between consumers and my management team. The proof is in the results: our Gross Profit is up by about $300 per unit." Jay Alvarez Pre-Owned Acquisition Director Rick Hendrick Chevrolet Buford David Simches Group Used Car Director Crown Automotive Group#12Website Customers Continued 5,500 Growth in Website 5,000 Customers 4,500 4,000 5,650 3,500 3,000 Total Website Customers 2,500 2,000 12/31/19 cars.com fuel Dealer Inspire Website Customers 3/31/20 6/30/20 9/30/20 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 S#13Websites Subaru Names Dealer Inspire a Certified Website & Technology Provider for its 570+ U.S. Dealerships Inspire Subaru Hi I'm Sam! I'm here to help if you have any questions... My Garage Order by: My Rating My Rating YOUR DEALS 2022 Subaru Impreza Premium 121279 $366/mo EXPLORE MORE Premium 178281 $24,590 Your Price: $25,722 Payment Type Finance v Lease EN/ES INSPIRE SUBARU SUBARU NEW CPO USED CASH FINANCE LEASE - cars.com fuel 91864 High Grove Lane, Naperville, IL, 60640 Sales (888) 780-1290 Service (888) 780-1257 Parts (866) 780-1206 BUY PARTS NEW VEHICLES + USED VEHICLES ▾ FINANCE & SPECIALS - SERVICE & PARTS ▼ EVERYONE LOVES 5-STAR RAYMOND Work With The Top Rated Team ✰✰✰✰✰ $48,445 Listening say show me black can S SCHEDULE SERVICE Chat With Our Team Q CLEAR AWD ADAPTIVE CRUISE CONTROL ANDROID AUTO APPLE CARPLAY A AUTOMATIC CLIMATE CONTROL BACKUP CAMERA YEAR 03 MAKE 45 RESULTS FOUND MODEL 田 TRIM Michelle D. Inspire Subaru X 遭 20 BODYSTYLE COLOR 2022 Subaru Impreza NEW 2022 NEW 2022 NEW 2022 Subaru Impreza Premium Subaru Impreza Premium Subaru Impreza Sport $193/mo ▾ FEATURES Surel Give me a moment while thead out to the lat MSRP EXPLORE MORE DETAILS Exterior Crystal White Pet imener Rack $35,722 MSRP DETALS Exterior Meunette Orey Metalic $25.722 MSRP DETAILS Exterior: Lithium fl Miyah M. hes requested a live video. Video Started Term 60 months v 72 Months Lease Mileage Down Payment 3 10k mi/year v $5,000 v $5,000 Best Bank Rate Offer 1.9% Incentives $1,000 $1,000 KEY FEATURES H Explore Payment Options KEY FEATURES: Explore Payment Options KEY FEATURES: Explore Payment Ope Video conversation started. 12:52 PM CONVERSATIONS Your massage here..#14Dealer Customers 20,000 19,500 19,000 18,500 18,000 17,500 cars.com fuel Dealer Customers +672 YOY, Significant Headroom for Continued Growth Dealer Customers Addressable Market* S Dealer Customers 17,000 6/30/20 9/30/20 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 Approximately 40K Dealers in the U.S*.#15ARPD $2,400 ARPD Growth Driven by $2,200 Solutions $2,000 $1,800 +1% $1,600 Q2 YOY Growth $1,400 cars.com fuel Monthly Average Revenue Per Dealer S $1,200 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 ARPD excludes revenue from digital advertising services.Q2 2020 excludes the impact of COVID credits (shown in light purple).#16Revenue Revenue Growth Continues Quarterly Revenue ($MM) $163 $153 $153 $156 $157 $158 $158 $150 $144 $140* *COVID $125 $100 $75 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 OEM/National Dealer Other *Q2'20 includes COVID credits for customers totaling $38MM cars.com fuel S#17Operating Expenses cars.com fuel Adjusted Operating Expenses Quarterly Expense ($MM) S $125 $116 $116 $113 $6.4 $105 $105 $107 $100 $11.8 $95 $111 $111 $12.7 $11.8 Drivers of YOY Change $12.3 $12.5 $10.9 $10.3 $11.6 $10.9 $79 $75 $4.6 $54.4 $9.3 $49.5 $49.9 $51.9 $50.6 $50.6 $55.8 $53.2 $44.8 $50 $31.1 YOY increase in Product and Technology expense driven primarily by higher compensation and consulting costs related to the Accu-Trade and CreditIQ acquisitions. $17.3 $15.5 $17.6 $18.8 $19.7 $20.1 $21.0 $14.3 $14.5 $11.1 $25 $26.0 $22.7 $25.3 $26.9 $27.5 $28.0 $28.7 $29.0 $27.6 $29.2 YOY increase in Marketing and Sales investments to help drive traffic generation. 50 $0 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Affiliate Revenue Share Product & Technology General & Administrative Cost of Revenue/Operations Q2'21 Q3'21 Q4'21 Q1'22 Marketing & Sales Q2'22 Note: We define Adjusted Operating Expenses as total operating expenses adjusted to exclude stock-based compensation, write-off and impairments of goodwill, intangible assets, long-lived assets, severance, transformation and other exit costs and transaction-related items. Adjusted Operating Expenses in this graph exclude depreciation and amortization.#18Adjusted EBITDA cars.com fuel S Q2 Adjusted EBITDA at the High-End of Guidance Quarterly Adjusted EBITDA ($MM) & Margin (% Revenue) 60 40 $35 20 $23 $49 $48 $48 $48 $46 $47 $45 $42 40% 30% 20% 0 10% Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Adjusted EBITDA % Margin Adjusted EBITDA Drivers Q2 reflects continued investments across our organization to support growth#19Operating Metrics Q2 2022 Key Operating Metrics cars.com fuel Q2 2022 Q2 2021 AVERAGE MONTHLY UNIQUE VISITORS 27.1 MM 26.4 MM TRAFFIC (VISITS) MONTHLY ARPD 1 DEALER CUSTOMERS 'ARPD excludes revenue from digital advertising services. 148.0 MM 158.4 MM $2,326 $2,299 19,517 18,845 S#20Cash Flow $80 $60 $40 $20 cars.com fuel Robust Cash Flow, Solid Balance Sheet YTD Free Cash Flow Trend ($MM) Includes $9MM Tax Refund Related to CARES Act Total Debt ($MM) & Net Leverage Ratio $49 S $1,000 4.1x 4.1x 3.8x $67 $800 5.0x Reflects borrowing to fund Accu-Trade acquisition 4.0x 3.4x Includes additional payment run 2.9x 2.8x 2.7x 3.0x $600 2.4x 2.3x 2.3x $34 $400 60 $0 Q2'20 Q2'21 Q2'22 $200 $0 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Total Debt - Total Net Leverage Ratio 2.0x 1.0x 0.0x#21Outlook & Trends Q3 2022 Outlook Q3 Revenue: $163.5 to $165.5 million Q3 Adjusted EBITDA margin: 29% to 31% Second Half 2022 Outlook • We expect 2H revenue growth of 6% to 8% YOY Reflects continued acceleration of revenue growth, driven by our execution of our integrated solutions strategy cars.com fuel QUARTIERY ADJUSTED EBITDA S#22Q&A cars.com AM fuel 22 22#23Appendix cars.com AM fuel 23 23#24Non-GAAP Reconciliations (unaudited and in thousands) Reconciliation of Net income to Adjusted EBITDA Net income Interest expense, net Income tax expense (benefit) Depreciation and amortization Stock-based compensation Write-off of long-lived assets and other Severance, transformation and other exit costs Transaction-related items Adjusted EBITDA cars.com fuel Three Months Ended June 30, 2022 2021 2022 Six Months Ended June 30, 2021 $ 5,545 5,966 $ 9,885 11,244 9,047 9,839 18,377 19,840 739 (189) (1,782) 1,117 23,001 25,298 47,554 50,978 6,581 6,029 11.998 11,137 15 94 (31) 79 1,419 927 1.811 1,707 (1,043) 512 (486) 512 $ 45,304 $ 48,476 $ 87,326 $ 96,614 Reconciliation of Net cash provided by operating activities to Free cash flow Net cash provided by operating activities $ 11,922 $ 29,257 $ 42.280 $ 79,619 Purchase of property and equipment (4,547) (6,876) (8,555) (13,095) Free cash flow $ 7,375 $ 22,381 $ 33,725 $ 66.524 S#25Non-GAAP Reconciliations (unaudited and in thousands) cars.com fuel S Reconciliation of Operating expenses to Adjusted operating expenses for the Three Months Ended June 30, 2022: Cost of revenue and operations Product and technology As Reported $ (1) Adjustments Stock-Based Compensation As Adjusted 29,504 $ $ (324) $ 29,180 23,117 (2,092) 21,025 Marketing and sales 54,655 (1,467) 53,188 General and administrative 17,211 (2,027) (2,698) 12,486 Depreciation and amortization 23,001 23,001 Total operating expenses $ 147,488 $ (2,027) $ (6,581) $ 138,880 (1) Includes severance, transformation and other exit costs, transaction related items, and write-off of long-lived assets and other. Reconciliation of Operating expenses to Adjusted operating expenses for the Three Months Ended June 30, 2021: Cost of revenue and operations As Reported $ (1) Adjustments Stock-Based Compensation As Adjusted 28,219 $ $ (189) $ 28,030 Product and technology 19,434 (1,795) 17,639 Marketing and sales 51,309 (1,448) 49,861 General and administrative 15,615 (1,456) (2,597) 11,562 Depreciation and amortization 25,298 25,298 Total operating expenses $ 139,875 $ (1,456) $ (6,029) $ 132,390 (1) Includes severance, transformation and other exit costs, transaction related costs, and write-off of long-lived assets and other.#26Non-GAAP Reconciliations (unaudited and in thousands) Reconciliation of Operating expenses to Adjusted operating expenses for the Six Months Ended June 30, 2022: cars.com fuel S Cost of revenue and operations As Reported $ (1) Adjustments Stock-Based Compensation As Adjusted 57,256 $ (519) $ 56,737 Product and technology Marketing and sales 44,424 (3,332) 41,092 111,749 (2,772) 108,977 General and administrative 33,771 (3,443) (5,375) 24,953 Depreciation and amortization 47,554 47,554 Total operating expenses $ 294,754 $ (3,443) $ (11,998) $ 279,313 (1) Includes severance, transformation and other exit costs, transaction related items, and write-off of long-lived assets and other. Reconciliation of Operating expenses to Adjusted operating expenses for the Six Months Ended June 30, 2021: As Reported (1) Adjustments Stock-Based Compensation As Adjusted Cost of revenue and operations $ 56,050 $ (543) $ 55,507 Product and technology 36,194 (3,076) 33,118 Marketing and sales 104,520 (2,761) 101,759 General and administrative 28,881 (2,218) (4,757) 21,906 Depreciation and amortization 50,978 50,978 Total operating expenses $ 276,623 $ (2,218) $ (11,137) $ 263,268 (1) Includes severance, transformation and other exit costs, transaction related costs, and write-off of long-lived assets and other.#27Definitions: Key Metrics cars.com fuel Traffic ("Visits"). Traffic is fundamental to our business. Traffic to the CARS network of websites and mobile apps provides value to our advertisers in terms of audience, awareness, consideration and conversion. In addition to tracking traffic volume and sources, we monitor activity on our properties, allowing us to innovate and refine our consumer-facing offerings. Traffic is defined as the number of visits to CARS desktop and mobile properties (responsive sites and mobile apps), measured using Adobe Analytics. Traffic does not include traffic to Dealer Inspire websites. Traffic provides an indication of our consumer reach. Although our consumer reach does not directly result in revenue, we believe our ability to reach in-market car shoppers is attractive to our dealer customers and national advertisers. Average Monthly Unique Visitors ("UVS"). Growth in unique visitors and consumer traffic to our network of websites and mobile apps increases the number of impressions, clicks, leads and other events we can monetize to generate revenue. We define UVs in a given month as the number of distinct visitors that engage with our platform during that month. Visitors are identified when a user first visits an individual CARS property on an individual device/browser combination or installs one of our mobile apps on an individual device. If a visitor accesses more than one of our web properties or apps or uses more than one device or browser, each of those unique property/browser/app/device combinations counts toward the number of UVs. UVs do not include Dealer Inspire UVs. We measure UVs using Adobe Analytics. Average Revenue Per Dealer ("ARPD"). We believe that our ability to grow ARPD is an indicator of the value proposition of our platform. We define ARPD as Dealer revenue, excluding digital advertising services, during the period divided by the monthly average number of Dealer Customers during the same period. For the three months ended June 30, 2022, Accu-Trade is included in our ARPD metric, which had an immaterial impact on ARPD; however, no prior period has been recast as it would be impracticable to do so. Dealer Customers. Dealer Customers represent dealerships using our products as of the end of each reporting period. Each physical or virtual dealership location is counted separately, whether it is a single-location proprietorship or part of a large, consolidated dealer group. Multi-franchise dealerships at a single location are counted as one dealer. As of June 30, 2022, this key operating metric includes Accu-Trade; however, no prior period has been recast as it would be impracticable to do so.#28CARS cars.com 0 M fuel DealerRater THANK YOU!