.
MergerLinks Header Logo

New Deal


Announced

CarMax to invest $50m in Edmunds.

Financials

Edit Data
Transaction Value£38m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

automotive information

Minority

online platform

Single Bidder

United States

Acquisition

Friendly

Private

Online and Social Platforms

Pending

Synopsis

Edit

CarMax, the United States' largest used-car retailer, agreed to invest $50m in Edmunds, an American online resource for automotive information. "Edmunds’ proprietary content, comprehensive automotive market insights and streamlined user experience across the car buying and selling journey will allow us to deepen our engagement with customers shopping online. Consumers trust Edmunds for its in-depth, expert-driven automotive editorial content and unbiased reviews. Edmunds has also made significant investments in digital innovations over the last several years that align with our continued focus on enhancing the customer experience online," Bill Nash, CarMax president and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US