08:17 AM EST, 01/24/2025 (MT Newswires) -- Cars.com ( CARS ) said Friday it closed its acquisition of digital wholesale auction platform Dealer Club on Thursday.

The company said it paid about $25 million in cash at closing, with potential for an additional performance-based consideration of up to $88 million.

Cars.com ( CARS ) said the deal is not expected to be accretive to adjusted earnings before interest, taxes, depreciation and amortization this year, as it makes investments to scale Dealer Club.