Investor Relations

CARS COMMERCE Balanced Capital Allocation Framework Strong Financial Profile Strong Free Cash Flow • Diversified subscription model • Asset light business model • Minimal working capital needs • Modest capital expenditures Flexible Capital Structure • • $55.0MM term loan and $400.0MM notes¹ $49.1MM cash¹ & $230.0MM undrawn on revolving credit facility¹ • 2.1x net leverage* Strategically deploying capital to maximize shareholder value •Investing in organic growth initiatives •Executing value-accretive M&A ⚫Target Net Leverage of 2.0x to 2.5x •Returning capital to shareholders . Repurchased 0.9MM shares² 1 As of September 30, 2023 2 For the nine months ended September 30, 2023

View entire presentation