Welcome to our dedicated page for Truecar news (Ticker: TRUE), a resource for investors and traders seeking the latest updates and insights on Truecar stock.
TrueCar reports developments in its automotive digital marketplace, where car buyers use vehicle discovery tools, price ratings and market context to connect with a nationwide network of Certified Dealers for new, used and Certified Pre-Owned vehicles. Company updates center on dealer partnerships, auto-buying programs for affinity and membership brands, platform features that support pricing transparency, and efforts to make the retail vehicle transaction more efficient.
Recurring news also covers TrueCar's operating reset, profitability milestones, product and pricing strategy, AI-driven pricing models, VIN-level pricing intelligence, and changes to initiatives such as TrueCar+, TrueCar Marketing Solutions and TrueCar Wholesale Solutions as the company refocuses on its core dealer-connected marketplace.
TrueCar (NASDAQ: TRUE) announced two senior hires to expand automaker partnerships and launch a new insurance vertical. Syl Raymond joins as Senior Director of OEM to deepen OEM relationships and affinity partnerships. Nik Huyeng becomes Vice President of Insurance and Ancillary, leading digitally integrated insurance offerings.
Both leaders bring extensive experience from roles at Tesla, Marsh, CDK Global and other automotive and insurance organizations. The additions follow recent leadership appointments in dealer sales and data, underscoring continued investment in talent and infrastructure across TrueCar’s ecosystem.
TrueCar (NASDAQ:TRUE) announced product and policy updates to align with new FTC Truth in Advertising standards and state rules on vehicle pricing transparency.
According to TrueCar, the platform will adopt all-in pricing, explicitly including mandatory dealer fees and add-ons in advertised vehicle prices and updating its Dealer Agreement to keep listings transparent and compliant.
TrueCar (NASDAQ:TRUE) announced on April 15, 2026 that it has achieved profitability after a strategic reset focused on dealer alignment, simplified operations, and cost discipline.
The company outlined a three-step plan: refocus and rationalize (completed), expand margins via AI-driven pricing (in progress), and scale through affinity partnerships (next phase). TrueCar is shifting from leads to a transaction-driven marketplace and introduced a structured, VIN-level pricing framework to improve transparency and dealer economics.
TrueCar (NASDAQ:TRUE) announced an immediate strategic refocus, curtailing three initiatives—TrueCar+, TrueCar Marketing Solutions (TCMS), and TrueCar Wholesale Solutions (TCWS)—to prioritize sustainable profitability and strengthen dealer partnerships.
Selected TrueCar+ features will be folded into the core platform, TCMS capabilities will be repurposed for impression-based advertising, and TCWS will stop buying or holding vehicles while TrueCar shifts to dealer-focused trade-in support. The company may pursue monetization or sale of certain assets and IP.
TrueCar (NASDAQ: TRUE) announced that stockholders approved the previously announced acquisition by Fair Holdings, an entity led by founder Scott Painter, at a Special Meeting on December 23, 2025. Under the agreement, TrueCar stockholders will receive $2.55 in cash per share upon closing. The transaction is expected to close in January 2026, subject to satisfaction of other closing conditions. The company will file final voting results on a Form 8-K with the SEC. Morgan Stanley served as exclusive financial advisor and Alston & Bird served as lead legal counsel to TrueCar.
TrueCar (NASDAQ:TRUE) reported third quarter 2025 results for the period ended September 30, 2025.
Key results: total revenue of $43.2M (down QoQ and YoY), net income of $5.0M or $0.06 per share versus prior-quarter and prior-year losses, Adjusted EBITDA of $(0.4)M, operating cash flow of $12.7M, free cash flow of $11.2M, and cash and equivalents of $103.2M as of September 30, 2025.
Corporate action: On October 15, 2025 TrueCar entered into a definitive agreement to be acquired by Fair Holdings at $2.55 per share; the transaction is expected to close in Q4 2025 or early 2026 and will result in Nasdaq delisting upon closing. TrueCar will not host an earnings call this quarter and has suspended forward-looking guidance.
TrueCar (NASDAQ: TRUE) renewed its DrivenToDrive initiative for its eighth year by partnering with wear blue: run to remember to award a brand-new vehicle to a veteran, active duty servicemember, or Gold Star/Surviving family member.
Since 2017, DrivenToDrive has donated 11 vehicles. Eligible applicants (Active Duty, National Guard or Reserve, Post-9/11 veterans and retirees, and Post-9/11 Gold Star/Surviving spouses and children ages 18–25) can enter at the wear blue website through November 3, 2025. Promotional activities include the Marine Corps Marathon, wear blue Community Runs, and digital marketing. The winner will be announced in late November 2025.
TrueCar (NASDAQ: TRUE)/b) agreed to be acquired in an all-cash, go-private transaction at
The financing plan includes equity commitments and additional capital from a Syndicate and conditions tied to an extra $60 million in financing commitments.
TrueCar (NASDAQ:TRUE) has announced its second quarter 2025 financial results through a stockholder letter. The company will host a conference call to discuss these results on Thursday, August 7, 2025, at 9:00 a.m. ET/6:00 a.m. PT.
The live webcast will be accessible through TrueCar's Investor Relations website, with dial-in options available for both domestic (1-833-816-1391) and international (1-412-317-0484) participants. An archived version of the call will be made available on the company's IR website.
TrueCar also confirmed its continued use of its Investor Relations website, LinkedIn, Facebook, and X platforms for disclosing material non-public information in compliance with Regulation FD.
TrueCar (NASDAQ:TRUE) announced it will release its second quarter 2025 financial results on Wednesday, August 6, 2025, after market close. The results will be published in a stockholder letter available on the company's Investor Relations website.
The company will host a conference call on Thursday, August 7, 2025, at 9:00 a.m. ET, featuring President and CEO Jantoon Reigersman and CFO Oliver Foley. Investors can access the live webcast through TrueCar's IR website or join via phone using the provided dial-in numbers.