Cars.com Inc. (CARS) Q3 Revenues Beat Slightly
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CARS Reports Third Quarter 2021 Results
November 4, 2021 7:30 AM EDTCHICAGO, Nov. 4, 2021 /PRNewswire/ --Â Cars.com Inc. (NYSE: CARS)Â ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, today released its financial results for the quarter ended September 30, 2021.
CARS Acquires CreditIQ Automotive Fintech Platform, Enabling Instant Financing For Consumers, Dealers and Lenders
November 4, 2021 7:15 AM EDTCHICAGO, Nov. 4, 2021 /PRNewswire/ --Â Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, announces it has signed a definitive agreement to acquire CreditIQ, a cutting edge automotive fintech platform that provides instant online loan screening and approvals to facilitate online car buying. Consideration for the transaction will be $30 million at closing, funded using cash on hand, with the potential for up to an additional $50 million in performance-based cash consideration to be earned over the next three years. The transaction is expected to close this month.
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