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 announced its best deals for new and used vehicles ahead of Labor Day Weekend, highlighting significant average savings of 8% off MSRP on new vehicles. Incentives have increased for models like the Kia Optima and Ford EcoSport, with cash offers up 12% and 25% respectively. However, ongoing supply shortages impact inventory and incentive offers. TrueCar also notes a projected 4% year-over-year increase in used vehicle sales, with certain models gaining value. Consumers are encouraged to act quickly to secure deals amidst the competitive market.
TrueCar, a leading automotive digital marketplace, has released a study showing how Americans are using their cars for emotional and practical support during COVID-19. The study of 2,000 vehicle owners reveals that 73% use their cars as personal retreats. Key findings include that 56% appreciate leisurely drives, while emotional attachments to vehicles are significant, with two-thirds considering their car a friend. Despite the pandemic's constraints, car purchases are increasingly managed online, with 67% of buyers preferring dealers offering sanitization and digital processes.
TrueCar has partnered with Refuel Agency to boost brand awareness for its newly launched program, TrueCar Military, aimed at serving military personnel and their families. The initiative, which has already become the fastest-growing program in TrueCar's history, will utilize Refuel's expertise in military marketing for better audience insights and custom messaging. The partnership includes various strategies such as digital media placement and custom photography aimed at effectively reaching the military demographic. TrueCar Military offers significant benefits including cash bonuses and dealer discounts.
TrueCar, Inc. (NASDAQ: TRUE) has announced a $75 million share repurchase program, funded by proceeds from the $135 million sale of its ALG subsidiary to J.D. Power. The transaction involves an upfront cash payment of $112.5 million, with additional payments based on ALG's financial performance. This strategic move aims to enhance shareholder value and strengthen the company's balance sheet. The sale, approved by TrueCar's Board, is expected to close by the end of 2020, pending customary conditions. TrueCar continues to focus on its core automotive marketplace business.
TrueCar, Inc. (NASDAQ: TRUE) reported its financial results for Q2 2020, revealing total revenue of $62.7 million, down 28.8% year-over-year. The company experienced a net loss of $(11.2) million, or $(0.10) per share, an improvement from last year's $(24.1) million loss. Non-GAAP net income was $4.4 million, or $0.04 per share. Adjusted EBITDA rose to $10.9 million, representing a margin of 17.4%. The firm had $173.1 million in cash as of June 30, but refrained from providing guidance due to pandemic uncertainties.
ALG, a subsidiary of TrueCar, forecasts a 3.3% year-over-year increase in average transaction prices (ATP) for vehicles, totaling $36,239 in July 2020. However, there is a 0.6% decline from June. Incentive spending is strategically up, helping new vehicle sales revenue rise 6% month-over-month. U.S. revenue from new vehicle sales is projected at over $43 billion, down 11.9% year-over-year. Limited inventory impacts ATP variances, with brands like Ford seeing yearly increases while Kia faces declines.
ALG, a subsidiary of TrueCar, projects average transaction prices (ATP) for vehicles to rise by 3.2% or $1,117 year-over-year, but decrease by 0.2% or $88 from May 2020. The increase is driven by high-priced models, but demand may decline as automakers reduce financing incentives. June 2020 new vehicle sales revenue is forecasted to exceed $39.9 billion, a 25% drop from last year. Retail health index shows mixed OEM performance, with Hyundai and Ford improving, while Daimler and Honda show declines.
ALG, a subsidiary of TrueCar, projects a 4.6% year-over-year increase in average transaction prices (ATP) for May 2020, equating to $1,607, though down 1.7% month-over-month. All brands except Kia saw price increases, attributed to 0% interest rates. ALG estimates U.S. revenue from new vehicle sales at over $39.4 billion for May 2020, reflecting a 29% drop year-over-year. Ford and Hyundai led in ATP gains while Kia's sales suffered from low inventory. The Retail Health Index indicates a recovery for luxury brands amidst easing restrictions.
TrueCar announced a strategic restructuring to enhance its car buying experience, involving a workforce reduction of 219 positions, over 30% of its staff. This decision is a response to the anticipated termination of its partnership with USAA Federal Savings Bank and the impact of COVID-19. The workforce reduction is projected to save approximately $35 million annually. TrueCar has also realigned its organizational structure to form new Consumer and Solutions groups, aimed at improving consumer engagement and simplifying its operations. No changes were made to the company’s financial forecasts for 2020.
ALG, a subsidiary of TrueCar, forecasts May 2020 new vehicle sales at 1,080,075 units, reflecting a 32% decline year-over-year. The estimated seasonally adjusted annualized rate (SAAR) stands at 11.8 million units. Retail deliveries, excluding fleet sales, are projected to be 1,008,916 units, down 21% from last year. Despite the downturn, consumer research indicates 72% of car shoppers have stable or increased vehicle needs amidst the pandemic. The holiday weekend and OEM incentives are expected to support sales recovery.