CARS - Mergers and acquisitions

CHICAGO, Jan. 24, 2025 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) (d/b/a "Cars Commerce" or the "Company"), an audience-driven technology company empowering automotive, today announced the acquisition of (DealerClub), a reputation-based automotive digital wholesale auction. The Company paid approximately $25 million in cash at closing. There is the potential for an additional performance-based consideration of up to $88 million based on achievement of certain financial thresholds. The transaction closed on January 23, 2025. Transaction Highlights: Advances the Company's Trade &

CARS Connected Platform Arms Retailers to Efficiently and Profitably Elevate the Retail Experience CHICAGO, Jan. 19, 2023 /PRNewswire/ -- As the automotive industry faces disruptions from ongoing inventory challenges and macroeconomic forces, auto retailers nationwide are focused on solving three core challenges in 2023, according to a recent survey by Cars.com Inc. (NYSE:CARS): Turn more used cars more profitably.Invest in better data to reach the right customers.Differentiate from competitors.CARS will showcase how its platform of connected solutions solves these challenges

CHICAGO, Feb. 8, 2022 /PRNewswire/ -- Transaction Highlights: Acquires powerful data and technology assets that allow dealers to efficiently buy and sell inventory through CARS' extensive dealer network and tap into CARS' massive in-market audience, improving dealer inventory turn and maximizing transaction margins Enables real-time transparency on vehicle valuation and provides a trusted platform for secure online transactions for dealers and consumers looking to sell to qualified buyers Further strengthens end-to-end capabilities on CARS' platform, driving incremental reven