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, Inc. (NASDAQ: TRUE) is frequently in the news as an automotive digital marketplace that connects car buyers and sellers with a nationwide network of Certified Dealers and powers auto-buying programs for over 250 partner brands. Company press releases highlight its focus on transparency, fairness and efficiency in online car shopping, as well as its role in affinity programs with organizations such as Sam’s Club, Navy Federal Credit Union and AAA.
News coverage of TrueCar commonly includes quarterly and annual financial results, which the company announces through stockholder letters, press releases and investor calls. These updates are often accompanied by Form 8-K filings that furnish earnings information for specific quarters. Investors and observers can follow how TrueCar reports on revenue trends, operating metrics and other financial measures through these recurring announcements.
Another key theme in recent TrueCar news is corporate transactions and governance developments. The company announced an Agreement and Plan of Merger with Fair Holdings, Inc., an entity led by TrueCar’s founder, providing for an all-cash go-private transaction. Subsequent press releases and Form 8-K filings describe the terms of the merger, the financing structure, voting and support agreements, and the special meeting of stockholders. A December 2025 Form 8-K reports that stockholders approved the merger proposal, and company communications state that TrueCar’s common stock is expected to cease trading on Nasdaq after the transaction closes.
TrueCar news also covers partnerships and community initiatives. For example, the company announced the "TrueCar for GasBuddy" car buying program, under which GasBuddy users gain access to TrueCar’s Certified Dealer network. Another release describes the continuation of the DrivenToDrive initiative in partnership with wear blue: run to remember, including the planned award of a vehicle to a qualifying member of the military or a Gold Star or Surviving family member.
By following the TRUE news feed on Stock Titan, readers can review these types of updates in one place: earnings announcements, SEC-referenced disclosures, merger and transaction developments, partner program launches and community-focused initiatives. This provides a consolidated view of how TrueCar communicates with investors, partners and consumers over time.
TrueCar, Inc. (NASDAQ: TRUE) released its best cash, lease, and finance deals for new vehicles in September 2021, emphasizing significant savings despite ongoing inventory shortages due to global microchip production issues. Notable deals include the Buick Enclave, with an average cash offer of $44,921, yielding a 10% savings off the MSRP. The analysis highlights price reductions across various vehicle segments, helping consumers navigate the current market and maximize savings. TrueCar continues to refine its data-driven approach to identify exceptional deals amidst industry challenges.
TrueCar, Inc. forecasts August 2021 new vehicle sales at 1,212,399 units, down 4% year-over-year but up 1% from July 2021. The estimated SAAR for total light vehicle sales is 14.4 million, a 4% decline from last year. U.S. retail deliveries are expected to be 1,077,701 units, down 7% year-over-year. The chip shortage continues to impact vehicle availability, leading to historically low incentive spending. Despite declines, some brands like Toyota saw year-over-year increases. Average transaction prices are projected to rise 6% year-over-year.
On August 23, 2021, TrueCar (NASDAQ: TRUE) released its list of the best cash, lease, and finance deals for new vehicles in August. The report highlights a continuing decline in average incentive spending across the automotive industry due to low inventory stemming from microchip shortages. TrueCar's analysis reveals that almost 90% of car models have lower cash incentives than in August 2020, with luxury vehicles and pickups facing smaller reductions. The company suggests savvy consumers can find significant savings by leveraging their data-driven assessments.
TrueCar, Inc. reported Q2 2021 financial results showing total revenue of $65.8 million, marking a 1.0% increase from the previous quarter and a 12.3% rise year-over-year. The company recorded a loss of $(7.1) million or $(0.07 per share, an improvement from a loss of $(11.4) million in Q2 2020. Adjusted EBITDA stood at $4.7 million with a margin of 7.2%. Unique visitors grew by 16.1% to 9.6 million, and unit sales increased 3.0%. However, guidance for Q3 2021 remains uncertain due to industry inventory shortages.
TrueCar, Inc. (NASDAQ: TRUE) has partnered with AutoFi to enhance the auto financing experience for consumers. This collaboration aims to streamline the financing process directly through TrueCar's marketplace, enabling users to apply for financing after configuring payments. Consumers can compare offers from various lenders and select options that suit their needs. This initiative reinforces TrueCar's commitment to improving the car-buying experience as it integrates more of the purchasing process online.
TrueCar forecasts total new vehicle sales of 1,292,064 units in July 2021, reflecting a 1% increase year-over-year but an 8% decrease compared to June 2021. The estimated seasonally adjusted annualized rate (SAAR) for total light vehicle sales is 14.7 million. Retail deliveries are expected at 1,171,277 units, roughly stable year-over-year but down 7% from June. Transaction prices are projected to rise 5% year-over-year, indicating pressure on new car inventory and increased used car prices.
TrueCar (NASDAQ:TRUE) will announce its financial results for the second quarter, ending June 30, 2021, on August 5, 2021, after market close. A conference call will occur at 4:30 p.m. ET to discuss these results, led by CEO Mike Darrow and CFO Jantoon Reigersman. Investors can access a live webcast via the company's investor relations page. The call will also be available for replay until August 12, 2021. TrueCar is a prominent automotive digital marketplace, connecting buyers with Certified Dealers for an efficient car purchasing experience.
TrueCar, Inc. (NASDAQ: TRUE) highlighted notable cash, lease, and finance deals for new cars in July 2021. With ongoing inventory shortages, TrueCar identifies significant savings opportunities, particularly in the compact segment. Top cash deals include the Chevrolet Bolt EV with 16% off MSRP and the Dodge Journey with similar savings. For leasing, the Nissan LEAF offers 35% savings, while financing options showcase the Nissan Murano saving 15%. TrueCar's analysis aims to guide consumers through the best available offers in the current market.
TrueCar forecasts that total new vehicle sales will hit 1,287,536 units in June 2021, marking a 16% increase year-over-year but a 16% decrease from May 2021. The seasonally adjusted annualized rate (SAAR) is estimated at 15.2 million, up from 13.0 million in June 2020. Retail deliveries, excluding fleet sales, are expected to be 1,133,299 units, an 11% increase year-over-year but a 17% decline from the previous month. The ongoing chip shortage is affecting inventory levels, resulting in lower incentives and higher transaction prices.
TrueCar, Inc. (NASDAQ: TRUE) released its list of the best cash, lease, and finance deals on new vehicles for June 2021. The company highlights the ongoing challenges in the new car market due to part shortages, affecting inventory and deals. Key cash savings include up to 29% off the MSRP for the Chevrolet Bolt EV. In leasing, the Cadillac XT6 offers 16% savings, while financing deals present savings up to 15% on the INFINITI QX50. TrueCar emphasizes the importance of acting quickly in a competitive market for prospective buyers.