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 March 2021 report on the top cash, lease, and finance deals for new vehicles, highlighting significant savings across various models. Notable offers include 40% savings on the Chevrolet Bolt EV and 12% on the Volkswagen Atlas. The analysis reveals a market shift with increasing average cash offers and lease savings for popular vehicles, urging buyers to leverage accurate data to secure the best deals. Used vehicle prices show a downward trend, enhancing trade-in values for select models, including the Dodge Ram 2500.
TrueCar (NASDAQ: TRUE) announced a donation of $21,000 to the Disabled American Veterans (DAV) and four nonprofit organizations chosen by winning dealerships from the $21K Challenge. The company pledged $100 for every meeting set during NADA, aiming to donate a total of $11,000 to DAV. Notable dealership winners include AutoNation Ford Scottsdale and Sterling McCall Toyota, each receiving $2,500 for their selected nonprofits. CEO Mike Darrow highlighted the company’s commitment to positively impacting local communities.
TrueCar reported its Q4 and FY 2020 financial results, reflecting continued operations. Q4 revenue was $64.0 million, a 25% decline from Q4 2019. The company experienced a loss from continuing operations of $(7.7) million, improving from $(9.7) million in the prior year. FY 2020 revenue totaled $278.7 million, down 16.8%. However, the non-GAAP net income for FY 2020 was $20.2 million, opposed to a loss in 2019. Adjusted EBITDA increased significantly to $42.1 million, reflecting a margin of 15.1%. The company expects Q1 2021 revenues between $60 million and $62 million.
TrueCar (NASDAQ: TRUE) has partnered with GovX, Inc. to launch an innovative auto buying program for military members and first responders. The GovX Auto Buying Program will enable members to access transparent vehicle pricing, revealing what others paid for similar vehicles and providing upfront offers on new and used inventory. TrueCar has a long-standing commitment to serving military members, offering exclusive deals through its TrueCar Military initiative. With average savings of over $3,500 off MSRP, this partnership aims to enhance the car buying experience for those who serve the nation.
TrueCar, Inc. announces its list of best end-of-month deals on new and used vehicles for February 2021. Used vehicle prices are projected to increase by about 10% compared to last year due to ongoing inventory challenges. Popular models include various cash, lease, and finance deals, showcasing average savings of approximately 7% off MSRP across new models. Trade-in values for low-mileage trucks and SUVs remain high. The company emphasizes the importance of acting quickly for remaining 2020 models as inventory is limited.
TrueCar, Inc. (NASDAQ:TRUE) will disclose its fourth-quarter financial results on February 24, 2021, after market close. A conference call will follow at 4:30 p.m. Eastern Time, hosted by CEO Mike Darrow and CFO Jantoon Reigersman. Investors can access the live webcast on TrueCar's Investor Relations website. A replay of the call will be available from February 24 to March 3, 2021. TrueCar continues to serve as a prominent automotive digital marketplace, connecting buyers with a network of Certified Dealers for an efficient car-buying experience.
TrueCar and HyreCar announced a partnership on February 10, 2021, to launch the HyreCar Auto Buying Program, enhancing vehicle purchasing options for drivers in the mobility sector. The agreement leverages TrueCar's dealer network and innovative tools to assist customers in buying, selling, or trading vehicles. This partnership aims to support HyreCar's Earn to Own™ program and potentially include OEM offers and dedicated financing solutions. The initiative is expected to create new opportunities for both companies within the growing Mobility-as-a-Service (MaaS) market.
TrueCar, Inc. (NASDAQ: TRUE) released a study, conducted by One Poll, exploring Americans' experiences with learning and teaching driving. The findings revealed that 35% of individuals have taught someone to drive, with 90% describing it as a stressful experience. Key challenges included parallel parking (16%) and changing lanes (12%). Notably, 53% of participants expressed fears about riding with their younger selves. The study emphasizes the importance of vehicle safety, advising users to consult TrueCar for vehicle reviews and safety features.
TrueCar, Inc. (NASDAQ: TRUE) released its January 2021 report highlighting the best end-of-month deals for new and used vehicles. Key insights include average savings of 7.2% off MSRP for new cars, with notable cash incentives increasing up to 66% month-over-month. For used vehicles, a 3.1% average drop in listing prices is noted, indicating better deals for consumers. TrueCar emphasizes its role in helping buyers navigate the complex incentive landscape, enhancing transparency and value in car purchases.
TrueCar, Inc. has appointed Jantoon Reigersman as its new Chief Financial Officer, effective January 27, 2021. Reigersman brings experience from Leaf Group and has a solid background in financial leadership within technology sectors. He will report to CEO Mike Darrow and is expected to align financial strategies to foster TrueCar's growth. Reigersman expressed enthusiasm about joining TrueCar during a transformative period, emphasizing the company's strength in online automotive retailing and its robust technological infrastructure.
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