Cars.com is an audience-powered technology platform that operates an interconnected ecosystem serving the automotive marketplace across the U.S. and Canada. The company connects millions of in-market consumers to dealerships through its flagship marketplace, which generates the majority of revenue through subscription packages for dealers and original equipment manufacturers; it also operates dealer websites, provides data-driven media solutions spanning social platforms and connected television, and manages trade-in and dealer auction services. The company's business model is built on recurring subscription revenue from approximately 19,500 franchise and independent dealers and substantially all major automotive OEMs, combined with an asset-light structure that produces consistent annual cash flows.