CarGurus Acquires Autolist

CarGurus Acquires 51% Stake in CarOffer

December 10, 2020

Automotive

CarGurus agreed to acquire a 51% majority interest in CarOffer, an instant vehicle trade platform, at an enterprise valuation of $275 million. The strategic acquisition adds wholesale trading and logistics capabilities to CarGurus' dealer platform, enabling a seamless retail and wholesale solution for dealers.

Carousell Group Acquires LuxLexicon

April 2, 2024

Retail

Carousell Group has acquired LuxLexicon, a Singapore-based luxury bag reseller and authenticated luxury consignment platform, to strengthen its presence in the high-end luxury segment. LuxLexicon will continue operating under its brand with its team and retail space while leveraging Carousell’s online re-commerce capabilities and regional reach to expand offerings and pursue overseas growth.

Acamar Partners Acquisition Corp. to Take CarLotz Public

October 22, 2020

Automotive

Acamar Partners Acquisition Corp. entered into a definitive business combination agreement to take CarLotz, Inc. public, supported by a $125 million PIPE led by Fidelity and strategic investors including KAR Global, McLarty Diversified Holdings, Rick Wagoner and TRP Capital Partners. The transaction will provide CarLotz with capital to fund nationwide hub expansion, technology investments and continued growth; closing was expected in Q4 2020.

Cars.com Acquires Dealer Inspire and Launch Digital Marketing

February 14, 2018

Marketing & Advertising

Cars.com Inc. agreed to acquire Dealer Inspire and Launch Digital Marketing for $165 million in cash (with up to $40 million of additional contingent consideration) to broaden its dealer-facing digital products and services. The acquisition brings website platforms, digital retailing and AI messaging capabilities to Cars.com's marketplace and is intended to accelerate organic growth and expand capabilities for its dealer customers.

KAR Global Acquires BacklotCars

September 8, 2020

Automotive

KAR Global (KAR) has signed a definitive agreement to acquire BacklotCars, a Kansas City–based dealer-to-dealer online wholesale vehicle marketplace, for $425 million. The acquisition expands KAR’s digital remarketing capabilities by adding BacklotCars’ 24/7 bid-ask marketplace, vehicle inspection services and AI-driven recommendations to KAR’s existing TradeRev and broader remarketing platform.

CarData Inc. Acquires AutoNetTools

December 19, 2023

Marketing & Advertising

CarData Inc. has acquired Michigan-based AutoNetTools to expand its automotive photography, videography and window sticker capabilities. The acquisition adds AutoNetTools' specialized merchandising and marketing services to CarData's existing suite of dealer-focused advertising products.