Press Coverage

TrueCar in the news.

TrueCar Launches IPO, Focuses on Networks and Platforms

TrueCar Inc. is focused on expanding its dealership network and adding a platform that competitively prices trade-in vehicles now that it has launched its initial public offering.

THE DETROIT NEWS | May 16, 2014

TrueCar Jumps In Its 1st Day on the Nasdaq

Shares of the provider of localized information on new car costs jumped $1.56, or 17.3 percent, to $10.56 in Friday trading.

YAHOO! FINANCE | May 16, 2014

TrueCar Raises $70 Million in IPO

Auto-buying website TrueCar Inc. rose in its trading debut after it raised $70 million in an initial public offering.

LOS ANGELES TIMES | May 16, 2014

Investors Should Rev Their Engines For TrueCar’s IPO

TrueCar Inc (TRUE), provider of an online platform that allows consumers to research and secure guaranteed pricing on new cars, plans to raise $101.1 million in its upcoming IPO.

SEEKING ALPHA | May 15, 2014

TrueCar’s IPO Looms as a Bear-Market Test

I loved TrueCar the first time. Meaning, the service is a winner with a lot of promise. I like the deal, too — but in a much more qualified way.

THESTREET | May 15, 2014

TrueCar Auto-Buying Website Raises $70 Million in U.S. IPO

About 3.2 percent of new vehicle sales in the U.S. were handled by TrueCar in the first quarter, the company estimates. TrueCar’s revenue, which jumped 75 percent in the three months through March, comes from fees paid by dealers participating in its network, according to the filing. The company remains unprofitable, the filing shows.

BLOOMBERG | May 15, 2014

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