CARS Cars.com Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q1 2026: $22M, Q3 2025: $21M, Q2 2025: $5M, Q1 2025: $9M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $22M vs trailing avg $12M (+81%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-12M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 18,309,000 shares = 124.9% of 58,636,000 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

3 open-market purchases by 2 insiders

• Ross Jenell () bought 1,995 shares at $7.56 on 2026-03-13
• Vetter Thomas Alex (CEO) bought 27,239 shares at $10.75 on 2025-05-09
• Vetter Thomas Alex (CEO) bought 631 shares at $10.68 on 2025-05-09

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 4 quarters and 3 insider purchases by 2 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $0M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected