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.
- The deal is expected to close pending customary conditions.
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
Frequently asked questions
When did Cars.com announce the acquisition of CreditIQ?
Cars.com announced the acquisition of CreditIQ on November 4, 2021.
What sub-sector is CreditIQ in?
CreditIQ is tracked in the Lending sub-sector.
Sources
- fool.com /earnings/call-transcripts/2021/11/05/carscom-inc-cars-q3-2021-earnings-call-transcript/?source=iedfolrf0000001