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Stock impact report

AutoNation Backs TrueCar's Go-Private Deal Ahead of Shareholder Vote [Yahoo! Finance]

TrueCar, Inc. (TRUE) 
Last truecar, inc. earnings: 2/20 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.true.com/investor-relations
Company Research Source: Yahoo! Finance
after AutoNation said in an SEC filing that it will vote its entire stake in favor of the go-private transaction. The commitment applies to the company's December 22 special shareholder meeting, where investors will decide whether the deal proceeds. Warning! GuruFocus has detected 4 Warning Signs with TRUE. Is TRUE fairly valued? Test your thesis with our free DCF calculator. AutoNation has been one of TrueCar's most significant partners and shareholders, and its public support removes a major question about how the vote might break. In the filing, AutoNation said Auto Holdings LLC which controls its stake has agreed to cast all its shares in favor of the merger, aligning the dealer group with the company's proposed next chapter under private ownership. The transaction would remove TrueCar from public markets and enable it to restructure without quarterly financial reporting. The company is making its platform more stable and increasing its profits as online car buying grows m Show less Read more
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