Cars.com hires bankers to explore alternatives, including a sale
Cars.com said Jan. 16 that it has hired advisers to explore strategic alternatives, including a sale. Cars.com has retained JP Morgan as its financial adviser and Latham & Watkins LLP as legal counsel. Cars.com, which provides an online automotive marketplace, was spun off from Tegna in 2017. The Chicago company has a $1.6 billion market cap.