CarGurus Acquires 51% Stake in CarOffer

CarGurus Acquires Autolist

January 16, 2020

Automotive

CarGurus, the publicly traded online automotive marketplace, has acquired Autolist, a San Francisco–based car shopping platform. The acquisition expands CarGurus’ consumer audience and mobile/product capabilities while allowing Autolist to continue operating as a standalone brand to drive additional dealer connections and pilot new product initiatives.

TrueCar Acquires 20% Stake in Accu-Trade

February 14, 2019

Automotive

TrueCar, Inc. purchased a 20% minority stake in Accu-Trade, a VIN-specific vehicle appraisal technology provider, to power its TrueCar Trade platform. The investment integrates Accu-Trade’s real-time, mobile-first valuation and guaranteed offer capabilities into TrueCar’s dealer and consumer-facing workflows to expand vehicle trade-in transparency and dealer acquisition efficiency.

Cars Commerce (Cars.com Inc.) Acquires DealerClub

January 23, 2025

Automotive

Cars Commerce (d/b/a Cars.com) acquired DealerClub, a dealer-to-dealer digital wholesale auction, for approximately $25 million in cash with up to $88 million of additional performance-based consideration. The deal, which closed January 23, 2025, expands Cars Commerce’s Trade & Appraisal strategy by adding transactional wholesale capabilities and access to a dealer-facing marketplace serving 650+ dealer customers.

KAR Global Acquires CARWAVE for $450M

August 23, 2021

Automotive

KAR Auction Services, Inc. (d/b/a KAR Global) agreed to acquire CARWAVE Holdings LLC for $450 million to accelerate its dealer-to-dealer marketplace growth and expand its presence in California and other western U.S. markets. The deal brings CARWAVE's technology, dealer network and leadership team into KAR's digital remarketing platform and is expected to be immediately accretive to KAR's dealer-to-dealer operations.

Boyne Capital Affiliate Acquires Majority Interest in CarCovers.com

January 21, 2021

E-Commerce

An affiliate of Boyne Capital has acquired a majority interest in CarCovers.com, a direct-to-consumer e-commerce retailer of vehicle covers and protection products founded by Jonathan (Jony) Volk. The investment is a new platform commitment from Boyne’s BCM Fund I and is intended to support CarCovers’ product expansion and accelerated growth under continued founder partnership.

AutoScout24 Acquires TRADER Corporation from Thoma Bravo

August 16, 2024

E-Commerce

AutoScout24 has signed an agreement to acquire TRADER Corporation (TRADER Canada) from Thoma Bravo, with funds affiliated with existing majority shareholder Hellman & Friedman making an incremental equity investment in AutoScout24. The acquisition expands AutoScout24's presence into Canada and adds TRADER's leading marketplaces (AutoTrader.ca, AutoHebdo.net), dealer software (AutoSync), lender portal (DealerTrack) and collateral management services to its product set.