Cars.com acquires DealerClub digital wholesale auction for up to $113M

Cars.com Inc.

$25M cash at closing plus up to $88M earn-out based on financial thresholds.
Transaction closed January 23, 2025.
DealerClub is a reputation-based dealer-to-dealer digital wholesale auction serving 650+ dealers.
Acquisition expected to have immaterial revenue contribution and not accretive to Adjusted EBITDA in 2025.
CEO Alex Vetter says acquisition advances Trade & Appraisal strategy into wholesale market.

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