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.
The Sam's Club Auto Buying Program, powered by TrueCar, is running a holiday promotion from November 21 to December 30, 2022, offering members e-Gift Cards of up to $1,000 for purchasing eligible vehicles from certified dealers. The program facilitates car buying with features like pricing comparisons and personalized dealer offers. Eligible models include select 2022 and 2023 vehicles from brands like BMW, Audi, and Lexus. TrueCar aims to enhance transparency and savings for Sam's Club members.
TrueCar anticipates new vehicle sales in November 2022 to reach 1,136,329 units, marking a 7% year-over-year increase. The seasonally adjusted annualized rate (SAAR) for light vehicle sales is estimated at 14 million, up 9% from last year. Retail deliveries, excluding fleet sales, are projected at 954,799 units, down 3% from October. Fleet sales are forecasted to surge 68% year-over-year. Affordability issues plague consumers, leading OEMs to redirect new supplies to fleet sales.
Summary not available.
On Nov. 15, 2022, AutoNation (NYSE: AN) announced its acquisition of approximately 6.1% of TrueCar (NASDAQ: TRUE), a leading automotive digital marketplace. This strategic investment underscores AutoNation's commitment to enhancing customer experiences through emerging technologies. The collaboration aims to improve the digital car-buying process, aligning both companies' values. AutoNation's CEO, Mike Manley, emphasized the investment's potential to foster closer commercial ties with TrueCar, enhancing service delivery in the automotive retail space.
TrueCar, Inc. (NASDAQ: TRUE) has launched a sweepstakes on TikTok and Instagram to assist individuals in purchasing cars. The initiative will award $50,000 total, with 10 winners each receiving $5,000. Participants can enter by posting videos explaining why they need a car using the hashtags #ineedatruecar and #truecarsweepstakes. The sweepstakes runs until December 18, 2022, and aims to address the challenges of car buying. TrueCar continues to emphasize its commitment to transparency and ease in the vehicle purchasing process.
TrueCar, a leading online destination for vehicle transactions, announced that CFO Jantoon Reigersman will participate in a fireside chat at the 2nd Annual Needham Consumer Tech/E-Commerce Virtual Conference on November 21, 2022, at 2:00 PM Eastern time. Interested parties can access the live event and replay through a provided LINK. TrueCar focuses on providing a transparent and efficient auto shopping experience.
Summary not available.
TrueCar, Inc. (NASDAQ: TRUE) reported its third-quarter financial results for the period ending September 30, 2022. The company will hold a live call and webcast on November 8, 2022, at 9:00 a.m. ET to discuss the results. TrueCar serves as an automotive digital marketplace connecting buyers with a nationwide network of Certified Dealers. The company emphasizes transparency and fairness in the auto shopping process, catering to various auto-buying programs for over 250 brands. Further details can be found on their Investor Relations website.
TrueCar is expanding its TrueCar+ platform into five new states: Alabama, Georgia, North Carolina, South Carolina, and Tennessee. This expansion follows its successful launch in Florida, where it offers nearly 10,000 vehicle listings. Enhancements to TrueCar+ include finance and insurance menus and communication tools, aimed at improving customer experience. A survey reveals that 62% of vehicle shoppers prefer to complete transactions online, indicating strong market demand. The company aims to leverage these capabilities to boost sales and provide a seamless purchasing experience.
TrueCar announced the election of Brendan Harrington to its Board of Directors, effective October 27, 2022, following the resignation of Wesley Nichols. Harrington, currently General Manager of Capistrano Valley Toyota, brings extensive automotive retail experience, including previous roles at Penske Motor Group and Mercedes-Benz USA. TrueCar's Board now includes eight directors, with three women and seven independent members, aiming to enhance insights for the company's growth in the automotive digital marketplace.
FAQ
What is the current stock price of Truecar (TRUE)?
What is the market cap of Truecar (TRUE)?
