Windsor Drake Market Intelligence
Transaction · Lending · 2021

Cars.com / CreditIQ 2021

Cars.com acquired CreditIQ on November 4, 2021.

Target
CreditIQ
Acquirer
Cars.com
Announced
November 4, 2021
Sub-sector
Lending

Transaction overview

  • Cars.com announced the acquisition of CreditIQ on November 4, 2021.

Strategic rationale

Entry into auto finance fintech; enables online car financing and lender marketplace, creating new revenue stream from lenders while enhancing dealer platform capabilities.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 4, 2021
Acquirer
Cars.com (Strategic)
Sub-sector
Lending

Sources

  • fool.com /earnings/call-transcripts/2021/11/05/carscom-inc-cars-q3-2021-earnings-call-transcript/?source=iedfolrf0000001

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