Truecar, INC

Market Movers (8-K)

TrueCar completes its take-private acquisition by Fair Holdings, Inc., led by founder Scott Painter, for $227 million, ceasing public trading.
Capital raise
TrueCar, Inc. stockholders have approved the acquisition by Fair Holdings, Inc., a transaction expected to close in January 2026.
Capital raise
TrueCar, Inc. announced a voting and support agreement with Auto Holdings, LLC, bolstering the path to its merger with Fair Holdings, Inc.
Capital raise
TrueCar, Inc. announced its third-quarter 2025 financial results, reporting a net income of $5.0 million, alongside updates on its pending all-cash acquisition by Fair Holdings, Inc. at $2.55 per share.
Capital raise
Better than expected
TrueCar, Inc. has entered into a definitive agreement to be acquired by Fair Holdings, Inc., an entity led by TrueCar founder Scott Painter, in an all-cash go-private transaction at $2.55 per share.
Better than expected
Capital raise
TrueCar, Inc. has formally entered into a separation and release agreement with former Chief Revenue Officer Jay Ku, detailing post-termination benefits.

Quarterly Earnings (10-Q)

TrueCar, Inc. reported net income for Q3 2025, a significant improvement from the prior year's loss, while announcing a definitive merger agreement with Fair Holdings, Inc.
Capital raise
TrueCar, Inc. reported increased revenues and a reduced net loss for Q2 2025, despite a decline in Adjusted EBITDA and average monthly unique visitors.
Worse than expected
Delay expected
Capital raise
TrueCar's Q1 2025 shows revenue growth but continued losses, highlighting the impact of the automotive ecosystem and strategic restructuring.
Delay expected
Worse than expected
TrueCar's Q3 2024 results show a revenue increase and a reduction in net losses compared to the same period last year, as the company continues to navigate a dynamic automotive market.
Better than expected
TrueCar's Q2 2024 results show a revenue increase and a reduction in net losses compared to the same period last year, despite ongoing market challenges.
Better than expected
Delay expected
TrueCar's first quarter of 2024 saw a revenue increase and a reduction in net losses compared to the same period last year, as the company navigates a changing automotive market.
Better than expected

Annual Reports (10-K)

TrueCar files an amendment to its 2024 annual report to correct a typographical error in the signing date of the independent auditor's report.
TrueCar's 2024 10-K filing highlights the company's efforts to navigate automotive market challenges, including inventory shortages and economic uncertainties, while focusing on strategic initiatives like TrueCar+ and marketing solutions.
Worse than expected
Capital raise
TrueCar, Inc. released its 2023 annual report, highlighting efforts to adapt to a volatile automotive market while focusing on strategic restructuring and new product offerings.
Worse than expected

Insider Trading (Form 4)

TrueCar, Inc. President and CEO, Jantoon Reigersman, disposed of all his beneficial ownership in the company's securities following its acquisition by Fair Holdings, Inc. at $2.55 per share.
TrueCar's EVP, General Counsel & Secretary, Jeff Swart, reported the disposition of his equity holdings following the company's merger with Fair Holdings, Inc.
TrueCar's Chief Financial Officer, Oliver Foley, disposed of all his common stock and performance units following the company's merger into a wholly-owned subsidiary of Fair Holdings, Inc. at $2.55 per share.
TrueCar's Chief Operating Officer, Jill Angel, disposed of all her common stock and performance stock units following the company's merger into a wholly-owned subsidiary of Fair Holdings, Inc. for $2.55 per share.
TrueCar, Inc. has finalized its merger with Fair Holdings, Inc.'s subsidiary, converting all outstanding shares into cash at $2.55 per share.
Brendan L. Harrington, a director of TrueCar, Inc., disposed of all his common stock and RSUs for cash following the company's merger into a wholly-owned subsidiary of Fair Holdings, Inc. at $2.55 per share.

Proxy Statements (Def-14A)

Leading independent proxy advisory firms ISS and Glass Lewis recommend TrueCar stockholders vote FOR the pending acquisition by Fair Holdings, Inc.
Delay expected
Capital raise
TrueCar, Inc. announced a voting and support agreement with Auto Holdings, LLC, significantly bolstering the likelihood of its merger with Fair Holdings, Inc.
Capital raise
TrueCar, Inc. stockholders are invited to a special meeting on December 22, 2025, to vote on a proposed all-cash merger with Fair Holdings, Inc. at $2.55 per share, backed by founder Scott Painter and Alpha Auto 2, LLC.
Worse than expected
Capital raise
TrueCar, Inc. announced a proposed acquisition by Fair Holdings, Inc., a company led by TrueCar founder Scott Painter and backed by Alpha Auto 2, LLC.
Capital raise
TrueCar, Inc. announced an agreement to be acquired by an investor group led by founder Scott Painter for $2.55 per share, transitioning the company to private ownership.
Delay expected
Better than expected
Capital raise
TrueCar, Inc. has entered into a definitive agreement to be acquired by Fair Holdings, Inc., led by founder Scott Painter, in an all-cash transaction valued at approximately $227 million, taking the company private.
Capital raise

Schedule 13D - Activist Investments

TrueCar, Inc. has completed its merger, with shareholders receiving $2.55 per share in cash, and Auto Holdings, LLC divesting its entire stake.
AutoNation, through its subsidiary Auto Holdings, LLC, has entered into a voting agreement to support the proposed merger of TrueCar, Inc. at the upcoming special meeting.
AutoNation, Inc. and its subsidiary Auto Holdings, LLC have filed a Schedule 13D for their 6.0% stake in TrueCar, Inc., signaling discussions for a potential share rollover into the acquiring entity, Fair Holdings, Inc., following TrueCar's merger.
Capital raise

Schedule 13G - Passive Investments

Glazer Capital, LLC and Paul J. Glazer have reported a passive beneficial ownership of 4.28% of TrueCar, Inc.'s common stock as of December 31, 2025.
United Services Automobile Association has reported a complete divestiture of its common stock holdings in TrueCar, Inc., reducing its beneficial ownership to zero percent.
Worse than expected
Goldman Sachs Group and its affiliate reported a 2.1% beneficial ownership stake in TrueCar, Inc. as of December 31, 2025.
Goldman Sachs Group and its subsidiary Goldman Sachs & Co. LLC have disclosed a 5.8% beneficial ownership stake in TrueCar, Inc. common stock.
Glazer Capital, LLC and Paul J. Glazer have reported a beneficial ownership of 6.03% of TrueCar, Inc.'s common stock, totaling 5,336,721 shares.
The Vanguard Group has filed an amended Schedule 13G, reporting a 4.94% beneficial ownership stake in TrueCar Inc. as of September 30, 2025.