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) has released its top cash, lease, and finance deals for May 2021, highlighting the impact of a global microchip shortage on vehicle supply. Despite strong demand for vehicles leading to minimal incentives, several models in the compact segment offer significant savings. Notable cash deals include the Chevrolet Bolt EV, with average savings of 31%. Lease and finance options also show promising offers, with the Hyundai Venue and Dodge Durango providing savings of 13% and 13% respectively. Pricing information is based on transaction data as of May 18, 2021.
TrueCar (NASDAQ: TRUE) has announced its sponsorship of the DAV True Patriot Salute for Military Appreciation Month, allowing individuals to create personalized video messages to honor service members, veterans, and fallen heroes. This initiative runs until May 31, 2021, and aims to recognize the sacrifices made by these individuals. TrueCar, in partnership with Disabled American Veterans (DAV) since 2017, continues to support veteran initiatives, enhancing its community engagement and brand image.
TrueCar reported its Q1 2021 financial results, with total revenue of $65.1 million, marking a 1.8% increase from Q4 2020 but a 17.5% decline year-over-year. The company faced a loss of $(8.4) million or $(0.09 per share, an improvement from $(10.4) million in Q1 2020. Adjusted EBITDA stood at $2.1 million, a decrease from $6.7 million in the same period last year. The cash balance was $274.6 million. Looking ahead, TrueCar expects revenue for Q2 2021 to range between $65 million and $66 million.
TrueCar, Inc. (NASDAQ: TRUE) has launched a pilot program with Roadster, allowing car buyers to finalize their deals digitally. Available at over 650 dealerships, this integration provides a seamless experience, enabling users to transfer their deal details directly from TrueCar to Roadster's Express Storefront. TrueCar CEO Mike Darrow emphasized the importance of a digital retail experience, while Roadster CEO Andy Moss highlighted the benefits of modern APIs for consumers. The initiative aims to improve the car buying process by eliminating friction between buyers and sellers.
TrueCar forecasts April 2021 U.S. new vehicle sales to reach 1,402,135 units, a 97% increase year-over-year but a 12.6% decline from March 2021. The estimated seasonally adjusted annualized rate (SAAR) for light vehicle sales is 17.1 million, up from 8.7 million in April 2020. Retail sales are projected at 1,259,036 units, up 94.5% year-over-year. Despite tight inventory and a 27.8% drop in incentives, the outlook remains positive for the auto industry, showcasing recovery from pandemic lows.
TrueCar, Inc. (NASDAQ: TRUE) has released its April 2021 list of best cash, lease, and finance deals on new cars amid a market where demand exceeds supply. Lead Industry Analyst Nick Woolard highlights the challenge of finding savings, noting that more vehicles are selling at or above MSRP. TrueCar's offerings include significant savings opportunities; for instance, the Audi Q7 shows a cash offer increase of 41% from last month, while the Chevrolet Silverado 1500's lease offer has risen by 25%. As of April 20, 2021, these deals reflect current market trends.
TrueCar, Inc. (NASDAQ: TRUE) will announce its Q1 2021 financial results on May 6, 2021, post-market closure. The results will be discussed during a conference call at 4:30 p.m. ET, hosted by President and CEO Mike Darrow and CFO Jantoon Reigersman. Interested parties can listen via the Investor Relations section on TrueCar's website, with a replay available until May 13, 2021. TrueCar is a leading automotive digital marketplace connecting buyers with Certified Dealers, enhancing the car buying experience.
TrueCar, Inc. (NASDAQ: TRUE) released its latest study on consumer behavior regarding vehicle shopping, marking a year into the COVID-19 pandemic. The study indicates that financial concerns are now main deterrents for consumers, with 35% worried about future income and 30% about current lower income. Interest in vehicle delivery increased to 17%, while a peak of 35% cited not finding desired vehicles as a purchase barrier. Despite a drop in virus transmission concerns (31%), the impact of manufacturing plant closures continues to affect inventory, limiting options for buyers.
TrueCar forecasts a significant increase in total new vehicle sales for March 2021, estimating 1,460,820 units, a 42% rise from last year and 13% from February 2021. The adjusted annualized sales rate is projected at 16.4 million units. Retail deliveries are expected to reach 1,260,416 units, reflecting a 53% year-over-year increase. Average transaction prices will rise by 3.3% compared to last year. However, production issues, particularly with microchips, may affect supply, hindering some consumers' ability to find specific vehicles.
TrueCar (NASDAQ: TRUE) extends its partnership with AAA, marking the 13th year of the AAA Auto Buying Program, now available to over 41 million AAA members until the end of 2023. The program offers significant benefits, including an average savings of over $3,000 off MSRP on new vehicles and real price offers on actual dealer inventory. TrueCar aims to enhance the car-buying experience through its online platform, which connects consumers with a nationwide network of Certified Dealers, providing transparency and efficiency in vehicle purchases.
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