CARS,Cars.com Inc. | Consumer Discretionary

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Cars.com Inc.CARS

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Cars.com Inc. operates as a digital marketplace and provides solutions for the automotive industry.

Its platform connects car shoppers with sellers. The company, enable dealers and automotive manufacturers; connect sellers with ready-to-buy shoppers that provide financing tools with instant online loan screening and approvals; and empower shoppers with the resources and and digital tools needed to make car buying decisions.

It also offers marketplace products, such as Marketplace subscription advertising; digital solutions, including website creation and platform hosting, vehicle acquisition and valuation, digital retailing, and review and reputation management; and media comprising display advertising, social selling, digital advertising, and in-market video services.

As of December 31, 2022, the company served 19,506 dealer customers in 50 states, which included franchise and independent dealers, with digital and brick-and-mortar stores.

Its customers are local car dealers, OEMs, and other national advertisers and lenders. Cars.com Inc. was founded in 1998 and is based in Chicago, Illinois.

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