Cars.com Inc.

Cars.com Inc. operates as a technology platform that facilitates the buying and selling of cars. Its primary offering is the Cars.com marketplace, which links millions of consumers with dealerships throughout the U.S. This marketplace incorporates artificial intelligence (AI) shopping tools, vehicle reviews, and content to support the car buying process. The company also provides an interconnected suite of products for dealers and original equipment manufacturers (OEMs), including marketplace access, dealer websites, trade and appraisal tools, and proprietary in-market media solutions, to aid in vehicle sales. Cars.com serves approximately 19,500 franchise and independent dealer customers across the U.S. and Canada. Approximately 80% of these dealer customers subscribe to either the Cars.com marketplace alone or the marketplace combined with additional interconnected solutions. The remaining customers subscribe to standalone digital website solutions. Additionally, nearly all OEMs selling vehicles in the U.S. and Canada currently engage in business with Cars.com. The platform attracts an average of 26 million monthly shoppers. For consumers, the marketplace offers AI-powered features designed to assist in the car shopping process.