eBay (EBAY) Closes Acquisition of Caramel

eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, announced today the completion of its acquisition of Caramel, an end-to-end online automotive transaction solution provider. The signing of the transaction was previously announced in January.

Caramel's innovative technology platform provides a secure and seamless digital transaction experience that handles all of the complexities of a vehicle sale, including paperwork, ownership transfer, financing, transportation and more. In addition to simplifying buying and selling vehicles on eBay, Caramel will continue to be available through multiple platforms including its own site or app, contracted independent dealers, or via Caramel's multiple marketplace and auction partners.

"At eBay, we know that buying a car is a significant decision, and trust is at the heart of that experience," said Chris Prill, General Manager, eBay Motors. "By integrating Caramel's seamless platform, we are underscoring eBay's commitment to a more secure and transparent vehicle marketplace, which in turn makes it easier than ever for buyers and sellers to transact with confidence."

"Partnering with eBay is a natural fit for Caramel, as they share our goals of fostering connections, building vibrant communities, and making it easier than ever for people to buy and sell the things they love." said Edward Brojerdi and Craig Nehamen, co-CEOs and co-founders, Caramel. "We're excited about the opportunity for our team and technology to elevate the car buying journey for even more vehicle enthusiasts in the United States"

Caramel was founded in 2021 and is headquartered in Los Angeles CA.

Details on the Transaction
eBay has acquired Caramel as of February 6, 2025. Further details are not disclosed.

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