Cars.com Reaches Agreement to Acquire DealerRater

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Go back to Cars.com Reaches Agreement to Acquire DealerRater

TEGNA (TGNA) Tops Q2 EPS by 3c; Cars.com to Acquire DealerRater

July 26, 2016 8:33 AM EDT

TEGNA (NYSE: TGNA) reported Q2 EPS of $0.50, $0.03 better than the analyst estimate of $0.47. Revenue for the quarter came in at $811.79 million versus the consensus estimate of $814.56 million.

Cars.com, a TEGNA Inc. company, has entered into an agreement to acquire DealerRater, the industry's largest automotive consumer review website. The transaction is subject to regulatory approval and customary closing conditions, and is expected to close by the end of August. Terms of the transaction were not disclosed.

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