What companies does Edmunds own?
The company is headquartered in Santa Monica, California, and maintains an office in downtown Detroit, Michigan. After making a minority investment, Carmax purchased the whole company at an enterprise value of $404 million in 2021….Edmunds (company)
| Formerly | Edmunds.com |
|---|---|
| Website | www.edmunds.com |
Is Edmunds owned by CarMax?
While the Edmunds purchase by CarMax just happened, they have been working together since at least early 2020. It may be time to explore other avenues of paid traffic that reach in-market auto shoppers with providers who are truly on the side of dealers.
Who is Edmunds owned by?
CarMax
CarMax will acquire the remaining shares of Edmunds for a purchase price that implies an enterprise value of $404 million, inclusive of CarMax’s initial investment, which we expect to be paid in a combination of cash and stock. In 2020, Edmunds generated unaudited revenue of approximately $140 million.
How many employees does Edmunds have?
approximately 550 employees
We are a privately held company with approximately 550 employees. Learn more about our Editorial team and our culture at here.
Who is CarMax owned by?
CarMax
| Type | Public |
|---|---|
| Revenue | US$18.95 billion (FY2021) |
| Net income | US$2.37 billion (FY2021) |
| Number of employees | c. 27,000+ (2021) |
| Parent | Circuit City (1993–2002) |
When did CarMax acquire Edmunds?
In January 2020, CarMax invested $50 million to acquire a minority stake in Santa Monica, California-based Edmunds. CarMax, a Fortune 500 company, will acquire the remaining shares of Edmunds for a purchase price that values Edmunds at $404 million. This transaction will be paid in a combination of cash and stock.
How reliable is Edmunds?
About Edmunds Today, Edmunds maintains an excellent reputation as an independent source of car information, vehicle reviews, and vehicle pricing. They offer many resources for helping consumers buy a car, including their well-known “Secrets of a Used Car Salesman” articles.
How does Edmunds make money?
How does Edmunds make money? Edmunds makes most of its money through ads on the website. Also, Edmunds is paid to create sales leads for the auto industry, connecting customers with dealerships, financing, insurance companies and other service providers through the website.
Who is Carmax owned by?
Who is Carvana owned by?
Ernest C. Garcia III
Ernest C. Garcia III (born 1982/1983) is an American billionaire businessman, and the CEO and co-founder of Carvana.
Who is CarMax biggest competitor?
CarMax’s top competitors include Vroom, Inchcape, Copart, Penske Automotive Group and AutoNation. CarMax is a retailer company for used vehicles.
Who owns CarMax now?
The first CarMax retail location opened in September 1993 in Richmond, Virginia. As of May 2021, CarMax operates 225 locations. CarMax, Inc….CarMax.
| Type | Public |
|---|---|
| Revenue | US$18.95 billion (FY2021) |
| Net income | US$2.37 billion (FY2021) |
| Number of employees | c. 27,000+ (2021) |
| Parent | Circuit City (1993–2002) |
What do you know about Edmunds?
Thanks for your interest in Edmunds.com. We’re proud of what we do and are happy to help you understand who we are and how we got to where we are today. Here are some fun facts: We are a privately held company with approximately 550 employees.
What is the Edmunds five star premier dealer Award?
2013: Edmunds.com presented its first Annual Five Star Premier Dealer Awards to 95 dealerships that have earned an average customer review rating of five stars on Edmunds.com — with a minimum of 20 reviews during the previous two years.
What year did Edmunds start doing job swaps?
2013: We began to engage in week-long dealership “job swaps” to help our employees experience the car shopping process firsthand. 2013: Edmunds.com was named one of the most trusted prominent online review sites, according to Maritz Research’s 2013 Online Customer Review Study.
How many cars does Edmunds test?
“Edmunds’ testing process is the most rigorous in the business. Every year we test over 300 vehicles on road and track to deliver the definitive verdict. Our winners aren’t just the best vehicles that happened to launch this year, they’re the best vehicles you can buy today — a true measure of excellence.