About Cars.com
Cars.com is a company based in Chicago (United States) founded in 1998 was acquired by Gannett in August 2014.. The company has 1,800 employees as of December 31, 2024. Cars.com has completed 5 acquisitions, including CreditIQ, Dealer Inspire and DealerRater. Cars.com offers products and services including Car Search Platform, Vehicle Reviews Service, Financing Tools, and Seller Listing Service. Cars.com operates in a competitive market with competitors including Carvana, Copart, Droom, Vroom and CarGurus, among others.
- Headquarter Chicago, United States
- Employees 1800 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cars.Com Inc.
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Annual Revenue
$719.15 M4.35as on Dec 31, 2024
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Net Profit
$48.19 M-59.32as on Dec 31, 2024
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EBITDA
$160.68 M2.66as on Dec 31, 2024
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Latest Funding Round
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Investors
Gannett
& 1 more
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Employee Count
1800
as on Dec 31, 2024
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Investments & Acquisitions
CreditIQ
& 4 more
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Acquired by
Gannett
(Aug 04, 2014)
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IPO & Listings of Cars.com
Cars.com is a publicly listed company on the NYSE with ticker symbol CARS in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Cars.com
Cars.com offers a comprehensive portfolio of products and services, including Car Search Platform, Vehicle Reviews Service, Financing Tools, and Seller Listing Service. 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.
Online tool for searching and comparing new and used cars
Platform for reading user and expert car reviews
Resources for auto loan information and calculations
Features for dealers to list and sell vehicles online
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Funding Insights of Cars.com
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Post-IPO - Cars.com | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
investors |
Investors in Cars.com
Cars.com has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Gannett and Starboard Value. 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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Multiple investment strategies are employed by this hedge fund.
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Founded Year | Domain | Location | |
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News and information are published internationally by Gannett.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cars.com
Cars.com has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include CreditIQ, Dealer Inspire and DealerRater. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Platform for competitive pre-qualified loans from multiple lenders
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2014 | ||||
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Customized websites for automotive dealerships are developed and managed.
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2013 | ||||
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Digital marketing services are offered in the automotive sector.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cars.com
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
investors |
Cars.Com Comparisons
Competitors of Cars.com
Cars.com 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 Carvana, Copart, Droom, Vroom and CarGurus, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Pre-owned vehicles are sold online with financing and valuation services.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Used cars are purchased and resold online through Vroom's platform.
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| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cars.Com
Frequently Asked Questions about Cars.com
When was Cars.com founded?
Cars.com was founded in 1998 and raised its 1st funding round 19 years after it was founded.
Where is Cars.com located?
Cars.com is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
How many employees does Cars.com have?
As of Dec 31, 2024, the latest employee count at Cars.com is 1,800.
What is the annual revenue of Cars.com?
Annual revenue of Cars.com is $719.15M as on Dec 31, 2024.
What does Cars.com do?
Cars.com was founded in 1998 in Chicago, United States, and functions as an online marketplace in the automotive sector. Listings of used vehicles are hosted, alongside consumer and expert data to inform buyer decisions on models, sources, and costs. Tools for pricing, comparisons, photo displays, videos, editorial reviews, and inventories of new and used cars are provided across its operations.
Who are the top competitors of Cars.com?
What products or services does Cars.com offer?
Cars.com offers Car Search Platform, Vehicle Reviews Service, Financing Tools, and Seller Listing Service.
Is Cars.com publicly traded?
Yes, Cars.com is publicly traded on NYSE under the ticker symbol CARS.
How many acquisitions has Cars.com made?
Cars.com has made 5 acquisitions, including CreditIQ, Dealer Inspire, and DealerRater.
Who are Cars.com's investors?
Cars.com has 2 investors. Key investors include Gannett, and Starboard Value.
What is Cars.com's ticker symbol?
The ticker symbol of Cars.com is CARS on NYSE.
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