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TrueCar Refocuses Strategy to Drive Profitability and Strengthen Dealer Partnerships [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
SANTA MONICA, Calif. Feb. 2, 2026 /PRNewswire/ -- TrueCar , one of the most recognized and trusted automotive brands, today announced that effective immediately it will shift its focus away from three initiatives: TrueCar TrueCar Marketing Solutions (" TCMS "), and TrueCar Wholesale Solutions (" TCWS "). These decisions reflect the company's post-acquisition priorities of delivering sustainable profitability and reinforcing TrueCar's role as a platform that supports dealers and customers. "These initiatives produced meaningful technology, insight, and learning, and the work behind them was solid and valuable," said Scott Painter , Founder and Chief Executive Officer of TrueCar. "While they are not aligned with where we are taking the core business, we may seek to monetize that intellectual property, including exploring the sale of all or components of TrueCar+ and the entire TCMS business. TrueCar is not a dealer. We do not sell cars. Our role is to connect consumers with trusted d Show less Read more
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