Another possibility is that the car's head gasket is leaking. A blown head gasket can allow coolant to leak into the cylinders and be expelled through the exhaust. This can be a serious problem and should be checked by a mechanic as soon as possible.
Finally, it's also possible that the car's fuel system is flooded, causing excess fuel to be expelled through the exhaust. This can happen if the fuel injectors are leaking or if the fuel pressure regulator is faulty. Again, this is a problem that should be diagnosed and fixed by a qualified mechanic.