TrueCar Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$TRUE
Computer Software: Programming Data Processing
Technology
Get the next $TRUE alert in real time by email
true-20250218
0001327318false00013273182025-02-182025-02-18



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported)
 
February 18, 2025
TrueCar, Inc.
(Exact name of registrant as specified in its charter)
Delaware 001-36449 04-3807511
(State or other jurisdiction of
incorporation)
 (Commission File Number) (IRS Employer
Identification No.)

225 Santa Monica Blvd, 12th Floor
Santa Monica, California 90401
(Address of principal executive offices, including zip code)
 
(800) 200-2000
(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.0001 per shareTRUEThe Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.




Item 2.02    Results of Operations and Financial Condition.
 
On February 18, 2025, TrueCar, Inc. (the “Company”) announced its financial results for the fiscal year ended December 31, 2024. The full text of the stockholder letter issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
 
The information in Items 2.02 and 9.01 of this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.


Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.





SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
Date: February 18, 2025
 TRUECAR, INC.
  
By:/s/ Jeff Swart
 Jeff Swart
 EVP, General Counsel & Secretary



Get the next $TRUE alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$TRUE

DatePrice TargetRatingAnalyst
3/27/2025Neutral → Underweight
Analyst
2/21/2025Overweight → Neutral
Analyst
10/7/2024$6.00Buy
Lake Street
8/7/2024$3.75Neutral → Buy
BTIG Research
9/27/2023Buy → Neutral
BTIG Research
7/20/2023$3.00Neutral
B. Riley Securities
3/14/2023$3.50Hold → Buy
Needham
11/9/2022$3.00Neutral → Buy
BTIG Research
More analyst ratings

$TRUE
Press Releases

Fastest customizable press release news feed in the world

See more
  • TrueCar Releases Fourth Quarter 2024 Financial Results and Stockholder Letter

    Live call and webcast will occur on February 19 at 9:00 a.m. ET SANTA MONICA, Calif., Feb. 18, 2025 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) today announced financial results for the fourth quarter ended December 31, 2024 in a stockholder letter, which is available HERE and on the TrueCar Investor Relations website at ir.truecar.com. The company will host a call to discuss its fourth quarter results on Wednesday, February 19 at 9:00 a.m. ET/6:00 a.m. PT. A live webcast of the call will be available through TrueCar's Investor Relations website and the link below. TrueCar Fo

    $TRUE
    Computer Software: Programming Data Processing
    Technology
  • TrueCar to Announce Fourth Quarter 2024 Financial Results in Stockholder Letter on February 18

    Live call and webcast will occur on February 19 at 9:00 a.m. ET SANTA MONICA, Calif., Feb. 5, 2025 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) will report financial results for the fourth quarter ended December 31, 2024 on Tuesday, February 18, 2025 after market close, in a stockholder letter that will be accessible from the company's Investor Relations website at ir.truecar.com. Jantoon Reigersman, President and Chief Executive Officer, and Oliver Foley, Chief Financial Officer, will host a call on Wednesday, February 19 at 9:00 a.m. Eastern Time to discuss the results. A li

    $TRUE
    Computer Software: Programming Data Processing
    Technology
  • TrueCar DrivenToDrive Program Awards Army Veteran with Brand New Vehicle

    In partnership with DAV (Disabled American Veterans), TrueCar recognizes veteran for continued service to community SANTA MONICA, Calif., Dec. 26, 2024 /PRNewswire/ -- TrueCar, Inc. (NASDAQ:TRUE), the most trusted automotive digital marketplace, awarded a new vehicle to Army veteran Yusuf Henriques of Alexandria, Virginia. The recognition comes through TrueCar's DrivenToDrive initiative, a program made possible in partnership with DAV (Disabled American Veterans) and Sheehy Auto Stores. Henriques enlisted in the Army after graduating high school and served as a combat medic. He completed four tours and aspired to a full military career, but injuries sustained i

    $TRUE
    Computer Software: Programming Data Processing
    Technology

$TRUE
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$TRUE
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$TRUE
SEC Filings

See more

$TRUE
Leadership Updates

Live Leadership Updates

See more
  • TrueCar Announces Appointment of Jill Angel as Chief Operating Officer

    SANTA MONICA, Calif., Aug. 16, 2024 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced that its Chief People Officer & Operations, Jill Angel, has been appointed as Chief Operating Officer, effective immediately. In this position, Ms. Angel is expected to continue to play a significant role in TrueCar's efforts to meet its long-term operational goals and oversee TrueCar's sales operations, dealer services and people function. Ms. Angel will continue reporting to TrueCar's President and Chief Executive Officer, Jantoon Reigersman.

    $TRUE
    Computer Software: Programming Data Processing
    Technology
  • TRUECAR ANNOUNCES STRATEGIC RESTRUCTURING AND LEADERSHIP TRANSITION

    Restructuring Expected to Streamline Organization and Reduce Annualized Expenses by Over $20 MillionJantoon Reigersman Appointed President and Chief Executive OfficerMichael Darrow to Depart from Company SANTA MONICA, Calif., June 14, 2023 /PRNewswire/ -- TrueCar, Inc. (NASDAQ:TRUE) today announced a strategic restructuring to streamline the organization, including a workforce reduction impacting approximately 102 positions, or 24% of the Company's headcount, and the appointment of Jantoon Reigersman as President and Chief Executive Officer. Mr. Reigersman succeeds Michael Darrow, who is departing TrueCar and vacating his position on the Board.

    $TRUE
    Computer Software: Programming Data Processing
    Technology
  • TrueCar Appoints Brendan Harrington to its Board of Directors

    SANTA MONICA, Calif., Nov. 1, 2022  /PRNewswire/ -- TrueCar, Inc. (NASDAQ:TRUE) announced the election of Brendan Harrington, General Manager of Capistrano Valley Toyota, to its Board of Directors. In addition, Wesley Nichols resigned from the Board. Both changes were effective on October 27, 2022.  After these changes, TrueCar's Board remains comprised of eight directors, three of whom are women and seven of whom are independent. Mr. Harrington has extensive experience in automotive retail. He currently serves as General Manager of Capistrano Valley Toyota in San Juan Capistr

    $TRUE
    Computer Software: Programming Data Processing
    Technology

$TRUE
Financials

Live finance-specific insights

See more
  • TrueCar to Announce Fourth Quarter 2024 Financial Results in Stockholder Letter on February 18

    Live call and webcast will occur on February 19 at 9:00 a.m. ET SANTA MONICA, Calif., Feb. 5, 2025 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) will report financial results for the fourth quarter ended December 31, 2024 on Tuesday, February 18, 2025 after market close, in a stockholder letter that will be accessible from the company's Investor Relations website at ir.truecar.com. Jantoon Reigersman, President and Chief Executive Officer, and Oliver Foley, Chief Financial Officer, will host a call on Wednesday, February 19 at 9:00 a.m. Eastern Time to discuss the results. A li

    $TRUE
    Computer Software: Programming Data Processing
    Technology
  • TrueCar to Announce Third Quarter 2024 Financial Results in Stockholder Letter on November 6

    Live call and webcast will occur on November 7 at 9:00 a.m. ET SANTA MONICA, Calif., Oct. 24, 2024 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) will report financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024 after market close, in a stockholder letter that will be accessible from the company's Investor Relations website at ir.truecar.com. Jantoon Reigersman, President and Chief Executive Officer, and Oliver Foley, Chief Financial Officer, will host a call on Thursday, November 7 at 9:00 a.m. Eastern Time to discuss the results. A liv

    $TRUE
    Computer Software: Programming Data Processing
    Technology
  • TrueCar to Announce Second Quarter 2024 Financial Results in Stockholder Letter on August 5

    Live call and webcast will occur on August 6 at 9:00 a.m. ET SANTA MONICA, Calif., July 23, 2024 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) will report financial results for the second quarter ended June 30, 2024 on Monday, August 5, 2024 after market close, in a stockholder letter that will be accessible from the company's Investor Relations website at ir.truecar.com. Jantoon Reigersman, President and Chief Executive Officer, and Oliver Foley, Chief Financial Officer, will host a call on Tuesday August 6 at 9:00 a.m. Eastern Time to discuss the results. A live webcast of th

    $TRUE
    Computer Software: Programming Data Processing
    Technology

$TRUE
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more