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TheDomains.com

Classified Ventures Seeking $3 Billion for Cars.com

March 9, 2014 by Raymond Hackney

carscom

Now that the sale of Apartments.com is completed at $585 million, Classified Ventures is looking for $3 billion for Cars.com. William Launder,Dana Mattioli and Mike Spector wrote an article tonight for the Wall Street Journal.

A group of newspaper publishers has put the cars.com online marketplace up for sale for as much as $3 billion, hoping to cash in on booming values for e-commerce sites, people familiar with the plans said.

Moelis & Co., which is advising the Classified Ventures publishers consortium on the sale, already has begun discussions with potential bidders, which are expected to include private-equity firms and strategic investors, the people said. It is also possible that one of the publishers could raise its stake or buy out the others.

Cars.com generates around $400 million to $500 million in revenue a year, according to a person familiar with the site. But a new owner potentially could tap roughly an additional $200 million annually. That revenue currently is distributed directly to the owners separate from the dividends they receive, through sales agreements that allow their newspapers to handle ad sales on behalf of Cars.com in many local markets.

Read the whole story here

Filed Under: Website Sales

About Raymond Hackney

Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

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Comments

  1. Joseph Peterson says

    March 9, 2014 at 11:35 pm

    That business would probably not have grown so big so fast, and this offering would not look so perfectly wrapped but for that Cars.com bow on top.

  2. BigNewEngland says

    March 10, 2014 at 8:42 am

    Based on the 3x revenue rule for mature companies (assuming they are profitable, article didn’t say), Cars.com is worth $1.5 Billion at the most.

    • Cars Reviews says

      August 30, 2015 at 2:27 pm

      Thanks for Sharing.

    • Jhon Smith says

      September 20, 2015 at 9:05 am

      wow amazing

  3. Cars Reviews says

    August 31, 2015 at 4:01 am

    Thanks for sharing this nice article

  4. حراج says

    June 2, 2016 at 9:46 pm

    thank u

  5. omblogging.com says

    November 20, 2016 at 8:50 am

    Nice post bro , thanks for sharing

  6. Project Cars Review 2017 says

    December 9, 2016 at 12:49 am

    Nice article Thanks.


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