Yelp just spent $80M on a site for car repair estimates [Yahoo! Finance]
Cars.com Inc. (CARS)
Last cars.com inc. earnings: 2/26 07:30 am
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Source: Yahoo! Finance
In the company's quarterly earnings report today, Yelp revealed that it agreed to buy RepairPal, a site for car repair estimates, for $80 million in cash. The acquisition is expected to close by the end of the year, subject to customary closing conditions. "We believe RepairPal will accelerate our broader services efforts by expanding our offerings in the multi-billion dollar U.S. auto services advertising vertical," Jeremy Stoppelman, Yelp's co-founder and CEO, said in a statement. While it might not seem like an obvious marriage, RepairPal fits into Yelp's ambition to become a major home services funnel. In recent years, Yelp has added functionality beyond restaurant and business search tools, like an AI-powered feature that suggests plumbers, repairmen, and other home service providers to users potentially in need of them. Yelp also introduced a program, Yelp Guaranteed, that offers up to $2,500 of coverage for qualifying projects in case of problems. Yelp makes money th
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News
- 2025 Trends: Car Prices Remain Stubbornly High in New Year and Potential Tariffs Could Add Pressure, But Shoppers May Find Silver Lining in New Affordable Inventory, According to Cars.com [Yahoo! Finance]Yahoo! Finance
- 2025 Trends: Car Prices Remain Stubbornly High in New Year and Potential Tariffs Could Add Pressure, But Shoppers May Find Silver Lining in New Affordable Inventory, According to Cars.comPR Newswire
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- Safeguard Global Establishes New Chief Customer Officer Role and Appoints New Chief Marketing Officer to Enhance Client-Centric Innovation and GrowthPR Web
- Not much calm, plenty of storm in store: World market themes for the week ahead [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
CARS
Earnings
- 11/7/24 - Beat
CARS
Sec Filings
- 12/4/24 - Form 4
- 12/2/24 - Form 144
- 11/29/24 - Form 4
- CARS's page on the SEC website