Key information

🔎 Fund Overview

Cars.com Inc. is an automotive marketplace platform that provides a set of digital solutions that connect car shoppers with sellers. The Company enables shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. It enables dealers and automotive manufacturers (OEMs), with technical solutions and data-driven intelligence, to reach and influence ready-to-buy shoppers, acquire vehicles, provide financing tools with online loan screening and approvals, increase inventory turn and operating efficiency. Through its marketplace product the Company sells marketplace subscription advertising to dealer customers, which allow its dealer customers to showcase their available new and used vehicle inventory to its audience of in-market car shoppers. Through social media platforms it sells cars by launching multiple solutions for both dealers and OEMs to connect with in-market car shoppers on social media platforms.