AutoNation Joins Fair Holdings in Completing Acquisition of TrueCar

Reuters01-22

AutoNation Joins Fair Holdings in Completing Acquisition of TrueCar

TrueCar has completed its sale in a $227 million take-private transaction led by Fair Holdings, Inc., with participation from key partners including PenFed Credit Union, Zurich North America, AutoNation, and Atlantic Coast Automotive. The transaction, which was approved by TrueCar stockholders in December 2025, will see TrueCar Founder Scott Painter return as Chief Executive Officer. As a result of the closing, TrueCar will no longer be publicly traded. The new ownership group also includes companies such as Impel AI, ID.me, CRIF, and In The Car. James Schenck, President and CEO of PenFed Credit Union, will join the Board of Directors of TrueCar's parent company, Fair Holdings, Inc. The company says the move will refocus TrueCar on profitability and innovation in the automotive marketplace.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AutoNation Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY68283) on January 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2605436652?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-22 06:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2605436652","market":"fut","top_or_hot":-1,"title":"AutoNation Joins Fair Holdings in Completing Acquisition of TrueCar","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AutoNation Joins Fair Holdings in Completing Acquisition of TrueCar\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        TrueCar has completed its sale in a $227 million take-private transaction led by Fair Holdings, Inc., with participation from key partners including PenFed Credit Union, Zurich North America, AutoNation, and Atlantic Coast Automotive. The transaction, which was approved by TrueCar stockholders in December 2025, will see TrueCar Founder Scott Painter return as Chief Executive Officer. As a result of the closing, TrueCar will no longer be publicly traded. The new ownership group also includes companies such as Impel AI, ID.me, CRIF, and In The Car. James Schenck, President and CEO of PenFed Credit Union, will join the Board of Directors of TrueCar's parent company, Fair Holdings, Inc. The company says the move will refocus TrueCar on profitability and innovation in the automotive marketplace.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AutoNation Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY68283) on January 21, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AutoNation Joins Fair Holdings in Completing Acquisition of TrueCar</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAutoNation Joins Fair Holdings in Completing Acquisition of TrueCar\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-22 06:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AutoNation Joins Fair Holdings in Completing Acquisition of TrueCar\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        TrueCar has completed its sale in a $227 million take-private transaction led by Fair Holdings, Inc., with participation from key partners including PenFed Credit Union, Zurich North America, AutoNation, and Atlantic Coast Automotive. The transaction, which was approved by TrueCar stockholders in December 2025, will see TrueCar Founder Scott Painter return as Chief Executive Officer. As a result of the closing, TrueCar will no longer be publicly traded. The new ownership group also includes companies such as Impel AI, ID.me, CRIF, and In The Car. James Schenck, President and CEO of PenFed Credit Union, will join the Board of Directors of TrueCar's parent company, Fair Holdings, Inc. The company says the move will refocus TrueCar on profitability and innovation in the automotive marketplace.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AutoNation Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY68283) on January 21, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1169590202.USD","symbol_name":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260121:nNDL8qpp2m:1","article_id":"2605436652","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605436652","pubTimestamp":1769033719,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"TrueCar has completed its sale in a $227 million take-private transaction led by Fair Holdings, Inc., with participation from key partners including PenFed Credit Union, Zurich North America, AutoNation, and Atlantic Coast Automotive. The transaction, which was approved by TrueCar stockholders in December 2025, will see TrueCar Founder Scott Painter return as Chief Executive Officer. As a result of the closing, TrueCar will no longer be publicly traded. The new ownership group also includes companies such as Impel AI, ID.me, CRIF, and In The Car. James Schenck, President and CEO of PenFed Credit Union, will join the Board of Directors of TrueCar's parent company, Fair Holdings, Inc. The company says the move will refocus TrueCar on profitability and innovation in the automotive marketplace.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is f","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","BK4077":"互动媒体与服务","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","BK4214":"汽车零售","AN":"车之国公司","TRUE":"TrueCar, Inc."},"translate_title":"AutoNation与Fair Holdings一起完成对TrueCar的收购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AN":0.9,"TRUE":0.9},"content_text":"AutoNation Joins Fair Holdings in Completing Acquisition of TrueCar\n    \n\n        TrueCar has completed its sale in a $227 million take-private transaction led by Fair Holdings, Inc., with participation from key partners including PenFed Credit Union, Zurich North America, AutoNation, and Atlantic Coast Automotive. The transaction, which was approved by TrueCar stockholders in December 2025, will see TrueCar Founder Scott Painter return as Chief Executive Officer. As a result of the closing, TrueCar will no longer be publicly traded. The new ownership group also includes companies such as Impel AI, ID.me, CRIF, and In The Car. James Schenck, President and CEO of PenFed Credit Union, will join the Board of Directors of TrueCar's parent company, Fair Holdings, Inc. The company says the move will refocus TrueCar on profitability and innovation in the automotive marketplace.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AutoNation Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY68283) on January 21, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605436652","isCrawlerRequest":true}