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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CARS
News
- Cars.com Contends With Uneven Dealer Demand (Downgrade) [Seeking Alpha]Seeking Alpha
- Cars.Com Parent CEO Celebrates First Decade Leading By Looking Ahead [Forbes]Forbes
- Cars.com's (NYSE:CARS) Shareholders Have More To Worry About Than Only Soft Earnings [Yahoo! Finance]Yahoo! Finance
- Cars.com Inc. (NYSE: CARS) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $25.00 price target on the stock.MarketBeat
- The 8 best car buying apps [Yahoo! Finance]Yahoo! Finance
CARS
Earnings
- 11/7/24 - Beat
CARS
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- CARS's page on the SEC website