STOCK TITAN

TrueCar, Inc. - $TRUE STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TrueCar's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TrueCar's position in the market.

Rhea-AI Summary
TrueCar announces new leadership appointments and role changes
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
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none
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Rhea-AI Summary
TrueCar, Inc. (TRUE) Announces Q2 2023 Financial Results and Live Call Details
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.9%
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-
Rhea-AI Summary
Finio, Inc. is a new FinTech venture that aims to reimagine the digital sales and finance experience in the leisure marine, powersports, motorcycle, RV, truck, and other industries. The platform offers a modern credit discovery experience, enabling customers to receive firm offers of credit quickly and seamlessly. It allows dealerships to customize lending partners, markup requirements, and business rules. Finio also digitizes transactions from start to finish, saving costs and adding security. The founders of Finio were previously involved in successful ventures like AutoGravity and Digital Motors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.93%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
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Rhea-AI Summary
TrueCar announces strategic restructuring, including workforce reduction and new CEO appointment. Restructuring expected to reduce annualized expenses by over $20 million. Non-recurring cash payments of approximately $7 million. TrueCar had cash and cash equivalents of approximately $146.5 million as of May 31, 2023. Anticipates breakeven or positive Adjusted EBITDA and double-digit revenue growth in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.88%
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management
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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none
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Rhea-AI Sentiment
End-of-Day
-0.41%
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none
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.11%
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conferences
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.06%
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conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.81%
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TrueCar, Inc.

Nasdaq:TRUE

TRUE Rankings

TRUE Stock Data

263.73M
56.54M
9.32%
88.82%
0.75%
Data Processing, Hosting, and Related Services
Information
Link
United States of America
SANTA MONICA

About TRUE

truecar is a digital automotive marketplace dedicated to being the most transparent brand in the industry. truecar shows consumers what others paid for the car they want, so they can recognize a fair price. users receive upfront pricing information when they connect with truecar certified dealers, allowing them to enjoy a more confident buying experience. truecar operates its own site and powers car-buying programs for over 500 companies, including some of the most trusted brands in the world such as usaa, aarp and american express. truecar has a network of over 14,000 certified dealers and currently, over one third of all new car buyers engage with the truecar network during their purchasing process.