Now & Then is the fifth album from The Carpenters, released on May 9, 1973. In Cash Box Year-End Charts of 1973, Now & Then appeared at number 20. The title for the album was suggested by Richard and Karen's mother, Agnes Carpenter. As an outgrowth of the Garden Party incident, an oldies revival occurred in pop music around 1973, so Side "B" of the album featured an oldies medley. The medley starts with the Carpenters' original, "Yesterday Once More". Tony Peluso, the Carpenters' electric guitarist, is heard as a radio DJ throughout the medley, which included such songs as "The End of the World", "Dead Man's Curve", "Johnny Angel" and "One Fine Day". The only other time he was heard as a DJ was on the Carpenters' "Calling Occupants of Interplanetary Craft" in 1977.

The Now & Then album also featured Mark Rudolph, a cousin of the Carpenters, on the "Guess the Golden Goodies Group Contest" as the player who called in. He guesses the mystery group is The Four Seasons, but is incorrect.

The LP album featured a three-panel cover that folded out, showing a panoramic view of Karen and Richard Carpenter driving past the Carpenters' family home on Newville Avenue in Downey, California. The car pictured on the cover was a 1973 Ferrari 365 GTB/4 ("Daytona") owned by Richard. )Richard later sold the original red Ferrari featured on the album cover, but bought another car of the same type in 1995.)

In February 2008, fans created a world-wide awareness campaign of the impending demolition of the Now & Then Carpenter house which had been made famous on the album cover and become a tourist destination.
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