TrueCar (NASDAQ: TRUE) has been acquired by Fair Holdings for approx. $227 million

TrueCar (NASDAQ: TRUE) acquired by founder-led strategic and financial investor group in all-cash go-private transaction in an all-cash deal valued at approximately $227 million, which closed in Jan 2026. Shareholders received $2.55 per share, a move led by founder Scott Painter, following a period of declining performance and a 60% drop in stock value prior to the announcement. 

ticker:  TRUE

Key details regarding TrueCar's shift:

• Going Private: The deal, announced in October 2025 and finalized in January 2026, marks the end of TrueCar's time as a publicly traded company.

• Founder Return: Scott Painter, founder of TrueCar, returned as CEO to lead the company.

• Performance Challenges: Before the acquisition, TrueCar faced significant pressure, with shares tumbling following quarterly losses, such as a 14% drop in August 2024 after a reported $13.5 million net loss.

• Restructuring: To combat poor performance, the company had implemented restructuring plans, including reducing staff and changing leadership, prior to the buyout.

• Shareholder Support: Major investors like AutoNation supported the takeover. 

The stock had previously seen volatility, including a 59% surge on the news of the buyout announcement in October 2025. 

Largest private companies in the U.S.

• Anthropic is backed ‌by Alphabet's Google and Amazon.com. 
• Founded in 2021 by former OpenAI staff, Anthropic's Claude models have built a ‍reputation among developers, ⁠particularly for coding tasks.

 

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