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, a leading online automotive marketplace, will have its CEO Mike Darrow participate in a fireside chat at the 17th Annual Needham Technology & Media Conference on May 16, 2022. The event is scheduled for 10:15 a.m. Eastern (7:15 a.m. Pacific). Interested participants can access a live webcast and replay through a provided link or TrueCar's Investor Relations page.
TrueCar, Inc. (NASDAQ: TRUE) anticipates total new vehicle sales in April 2022 to drop by 21% year-over-year, totaling 1,247,917 units. The seasonally adjusted annualized rate (SAAR) is estimated at 14.8 million, a 19% decline from April 2021. Retail deliveries of new vehicles are projected at 1,088,345 units, down 20% year-over-year. Incentive spending decreased by 55%, with average transaction prices up 15%. Despite higher fuel costs and rising interest rates, demand persists, evidenced by a 10% increase in interest for the Toyota Prius.
TrueCar will announce its first-quarter 2022 financial results on May 9, 2022, via a stockholder letter posted on its Investor Relations website. The live earnings call will take place on May 10, 2022, at 9:00 a.m. ET, hosted by President and CEO Mike Darrow and CFO Jantoon Reigersman. Shareholders can submit questions via the Say Connect platform starting May 3. TrueCar aims to enhance the auto buying experience through a digital marketplace, connecting consumers with Certified Dealers and empowering them with valuable vehicle discovery tools.
TrueCar has appointed Jill Angel as the new Chief People Officer, effective immediately. Reporting to Mike Darrow, President and CEO, Angel will lead the company's People strategy. With over 20 years of experience in operations and HR, she previously served as Executive Vice President at Leaf Group. Her role at TrueCar will focus on developing talent and operational solutions to enhance the company’s marketplace. This leadership change reflects TrueCar's commitment to adapting to market challenges and strengthening its organizational structure.
TrueCar expects March 2022 new vehicle sales to reach 1,246,993 units, representing a 25% decline from last year but a 5% increase from February 2022. The estimated SAAR is 13.6 million units, down 23% YOY. Retail deliveries of new cars and light trucks are forecasted at 1,084,168 units, down 24% YOY, yet up 2% from February. TrueCar reported a 380% YOY increase in electric vehicle and a 180% increase for hybrids due to rising fuel prices.
TrueCar, Inc. (NASDAQ: TRUE) has launched its Sell Your Car offering and a Home Delivery program in Texas to enhance online automotive retail services. Consumers can receive an instant, online True Cash Offer for their vehicles, while dealerships gain access to a broader inventory channel. TrueCar has repurchased nearly $82 million in shares under its buyback program, authorized up to $150 million. With approximately $245 million in cash, the company is well-positioned for growth, investing in technology, marketing, and future services expansion.
TrueCar, Inc. (NASDAQ:TRUE) has been awarded two 'Top-Rated' accolades in the 11th annual DrivingSales Dealer Satisfaction Awards, recognized at the 2022 NADA Convention. These awards reflect dealer satisfaction in the New Car Leads and Used Car Leads categories, based on ratings from thousands of auto dealers. CEO Mike Darrow emphasized the importance of this recognition and the company’s commitment to enhancing dealer and consumer experiences. TrueCar recently launched TrueCar+, a platform that simplifies car buying online, allowing transactions to be completed remotely with Certified Dealers.
On March 8, 2022, TrueCar (NASDAQ:TRUE) launched TrueCar+, an innovative online platform for purchasing new and used vehicles. The platform allows consumers to finalize deals, arrange financing, and schedule delivery from home or at participating TrueCar Certified Dealers. Following a successful pilot in Florida, TrueCar plans to expand nationwide, meeting consumer demand for online car buying options. Over 60% of shoppers prefer completing purchases online, highlighting the marketplace's potential for growth.
TrueCar announced that its President and CEO, Mike Darrow, will speak at the JMP Securities Technology Conference on March 7, 2022. The fireside chat is scheduled for 2:30 p.m. Eastern (11:30 a.m. Pacific). Attendees can access a live webcast of the event and a replay will be available for 90 days. TrueCar, listed on NASDAQ under the ticker TRUE, operates a digital marketplace for buying and selling vehicles, aiming to provide transparency and efficiency in the auto purchasing process.
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