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Announced

Completed

Cars.com completed the acquisition of CreditIQ for $80m.

Financials

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Transaction Value£59m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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financial sercives

Completed

United States

Domestic

Single Bidder

Majority

Acquisition

Private

FinTech

Friendly

Synopsis

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Cars.com, a automotive marketplace platform that provides a robust set of industry-specific digital solutions, completed the acquisition of CreditIQ, a cutting-edge automotive fintech platform that provides instant online loan screening and approvals to facilitate online car buying, for $80m. "The acquisition of this scalable technology supports our vision of creating frictionless omni-channel experiences and further growing our platform capabilities for buyers and sellers, building on our competitive advantage and delivering additional value to our shareholders." Alex Vetter, Cars.com President and CEO.

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