About Carfax
Carfax is a company based in Centreville (United States) founded in 1984 was acquired by IHS Markit in June 2013.. Carfax offers products and services including CARFAX Reports, Sell My Car, and CARFAX Car Care. Carfax operates in a competitive market with competitors including Kelley Blue Book, HPI, carVertical, Bumper and Autovista Group, among others.
- Headquarter Centreville, United States
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Sectors
Transportation, Automotive & LogisticsTechnology
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Phone
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Website
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Social
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- Legal Name Carfax
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
IHS Markit
(Jun 09, 2013)
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Products & Services of Carfax
Carfax offers a comprehensive portfolio of products and services, including CARFAX Reports, Sell My Car, and CARFAX Car Care. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers detailed reports on used vehicles to help buyers assess history.
Enables users to list and sell vehicles through competing dealership offers.
Offers tools for monitoring vehicle maintenance and service history.
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Sales and Marketing
94 people
Software Development Team
44 people
Regional Team
41 people
Data Analysis and Operations Team
34 people
Product Management Team
29 people
Senior Team
22 people
Leadership Team
19 people
National Team
18 people
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Funding Insights of Carfax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Carfax
Carfax has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include IHS Markit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Online data source platform for information, analytics, and solutions for governments and financial markets
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Carfax
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Financial Statements - Carfax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Carfax Comparisons
Competitors of Carfax
Carfax operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kelley Blue Book, HPI, carVertical, Bumper and Autovista Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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New/used car buy/sell price information platform
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Technology-driven data solutions are delivered to automotive markets.
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A decentralized vehicle history registry is operated via blockchain.
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Vehicle history reports and automotive marketplace services are provided by Bumper.
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Automotive pricing data and market insights provider
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carfax
Frequently Asked Questions about Carfax
When was Carfax founded?
Carfax was founded in 1984.
Where is Carfax located?
Carfax is headquartered in Centreville, United States. It is registered at Centreville, Virginia, United States.
What does Carfax do?
CarFax is a web based service that provides vehicle history reports to individuals and businesses on used cars and light trucks for the american and Canadian marketplaces. Companys core product offering is vehicle history report. Apart from vehicle history report the company offers free products and services such as myCarFax- vehicle service information service, vehicle research service, car safety and reliability ratings, and Carfax used car listings. CarFax claims to access information from 15 billion records. Sources include U.S. state title and registration records, auto and salvage auctions, Canadian motor vehicle records, rental and fleet vehicle companies, consumer protection agencies, state inspection stations, extended warranty companies, insurance companies, fire and police departments, manufacturers, inspection companies, service and repair facilities, dealers and importexport companies. In 2013, IHS acquired Carfax.
Who are the top competitors of Carfax?
Carfax's top competitors include Kelley Blue Book, carVertical and HPI.
What products or services does Carfax offer?
Carfax offers CARFAX Reports, Sell My Car, and CARFAX Car Care.
Who are Carfax's investors?
Carfax has 1 investor. Key investors include IHS Markit.
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