{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-008605","form_type":"8-K","ticker":"CARS","cik":"0001683606","company_name":"Cars.com Inc.","filed_at":"2025-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.435389+00:00","generated_at":"2026-05-27T11:17:18.323954+00:00","sec_items":["7.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Cars.com acquires DealerClub digital wholesale auction for up to $113M","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-008605","json":"https://secwatch.observer/filing/0000950170-25-008605.json","markdown":"https://secwatch.observer/filing/0000950170-25-008605.md","text":"https://secwatch.observer/filing/0000950170-25-008605.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1683606/000095017025008605/0000950170-25-008605-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1683606/000095017025008605/cars-20250124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T11:17:18.323954+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}