Cars.com - M&A Summary and Business Overview

E-commerceCompany

Cars.com M&A Summary

Cars.com has acquired 8 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Cars.com’s largest acquisition to date was in 2023, when it acquired D2C Media for $80M. Cars.com has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include internet software and services (63%) and marketing (25%).

Cars.com Business Overview

Where is Cars.com headquartered?

Cars.com is headquartered in Chicago, Illinois.

What is Cars.com’s revenue?

Cars.com disclosed revenue of 689M USD for 2023 and 654M USD for 2022.

How many employees does Cars.com have?

Cars.com has 1,700 employees.

What sector is Cars.com in?

Cars.com is an e-commerce company.

When was Cars.com founded?

Cars.com was founded in 1998.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity8
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

Cars.com

Cars.com, Inc.

300 South Riverside Plaza, Suite 1000,
Chicago, Illinois 60606
United States,
(312) 601-5000
www.cars.com

Cars.com is an online destination that offers information from experts and consumers to help car shoppers and owners buy, sell and service their vehicles. Cars.com offers millions of new and used vehicle listings, expert and consumer reviews, side-by-side comparison, build and price tools, unbiased editorial content, service and repair resources, multiple options to sell a vehicle, and much more. Cars.com was founded in 1998 and is based in Chicago, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.6/yr) # 5 1 1 1 - - 8
vol $30M $65M $80M $175M
Sell (0.0/yr) # - - - - - - 0
  8

Most Recent M&A

Company Date Value Type
D2C Media, Inc. 2023-11-02 80M CAD Add-on Acquisition
Edmonton, Alberta · www.d2cmedia.ca
Accu-Trade LLC 2022-02-08 65M USD Add-on Acquisition
Manheim, Pennsylvania · www.accu-trade.com
CreditIQ, Inc. 2021-11-04 30M USD Add-on Acquisition
New York, New York · www.creditiq.com
Launch Digital Marketing 2018-02-14 - Add-on Acquisition
Naperville, Illinois · www.launchdigitalmarketing.com
Dealer Inspire, Inc. 2018-02-14 - Add-on Acquisition
Naperville, Illinois · www.dealerinspire.com
DealerRater.com LLC 2016-07-26 - Add-on Acquisition
Waltham, Massachusetts · www.dealerrater.com
PickupTrucks.com 2008-05-06 - Add-on Acquisition
San Francisco, California · www.pickuptrucks.com
NewCars.com LP 2005-07-07 - Add-on Acquisition
Santa Monica, California · www.newcars.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 5 (63%) 65M (37%) - -
Marketing 2 (25%) 80M (46%) - -
Financial Services 1 (13%) 30M (17%) - -
Total 8 $175M - -

By Geo

State/Country Buy Value Sell Value
United States 7 95M - -
  Illinois 2 - - -
  California 2 - - -
  Pennsylvania 1 65M - -
  New York 1 30M - -
  Massachusetts 1 - - -
Canada 1 80M - -
  Alberta 1 80M - -
Domestic 7 (88%) 95M (54%) - -
Cross-border 1 (13%) 80M (46%) - -
Total 8 $175M - -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 2
Legal Deals
Seyfarth Shaw
 2

Deal Values

buy # Total
< $100M 3 $175M
TOTAL $175M
Largest D2C Media, Inc.
$80M (2023-11-02)

M&A Connections

Deals
Acquired from
Investor(s)
25%
2 (25%)

Company Summary

SECTOR

E-Commerce

Revenue

689   6% 2023
654   5% 2022
624   14% 2021
548   10% 2020
607   9% 2019
662   6% 2018
626   2% 2017
633   7% 2016
597   21% 2015
496   2014
(millions of USD) Show More Show Less

Employees

1,700

Established

1998

Public

NYSE: CARS

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