TrueCar shares surge 14.93% intraday after founder-led take-private deal with Fair Holdings completes.

TrueCar, Inc. surged 14.93% intraday after announcing the completion of its take-private transaction with Fair Holdings, Inc., led by founder Scott Painter. The $227 million deal, approved by shareholders in December 2025, delisted the stock from NASDAQ and provided shareholders $2.55 per share in cash. Painter’s return as CEO, alongside strategic partners including PenFed Credit Union, AutoNation, and Zurich North America, signals a refocus on profitability and integrated mobility solutions. The transaction emphasizes collaboration with dealers, insurers, and technology firms to enhance TrueCar’s digital auto-buying platform. Analyst upgrades and market confidence in the strategic alignment of partners further reinforced the positive reaction.