AUTO - AutoWeb rises ~4% on expansion of CarZeus business into Austin market

Automotive matchmaking platform AutoWeb (NASDAQ:AUTO) is trading +3.67% pre-market after announcing expansion of its CarZeus vehicle acquisition business into the Austin, Texas market. The CarZeus segment of AutoWeb's business operations purchases vehicles directly from consumers and resells them through wholesale channels to deliver improved value to both dealers and consumers. The expansion extends the firm's consumer-focused vehicle acquisition service beyond its original San Antonio, Texas market. AutoWeb acquired the assets of CarZeus, a used vehicle acquisition platform, on July 31, 2021. Since the acquisition, the company has focused on improving operational efficiency and effectiveness to expand beyond CarZeus; San Antonio market by leveraging AutoWeb's efficient traffic acquisition capability and the management team's depth of relevant experience.

For further details see:

AutoWeb rises ~4% on expansion of CarZeus business into Austin market