Autotrader has revealed their filing for Initial Public Offering (IPO) and has released a 250p. document showing revenue, expenses, and profitability. Of particular interest is the information regarding their most recent purchases: VinSolutions, vAuto, HomeNet, and KBB. The following is an excerpt from dealerrefresh:
VinSolutions was acquired for $134.6M cash and up to $15M in earn-outs with $13M paid as of April 2012
vAuto was acquired for $192.8M cash and up to $34.5M in earn-outs with all paid in full
HomeNet was acquired for $61.6M cash
KBB was acquired for $532.4M in cash without earn-outs
[full article: http://www.dealerrefresh.com/autotraders-files-are-public]
What do you all think of the numbers, and what impact (if any) do you think AutoTrader's IPO news will have for the auto industry?