TrueCar shares surge 14.48% premarket after Fair Holdings completes $227M take-private acquisition led by founder Scott Painter.

TrueCar Inc. surged 14.48% in premarket trading following the completion of its $227 million take-private acquisition by Fair Holdings, Inc., led by founder Scott Painter. The transaction, approved by shareholders in December 2025 and finalized on January 21, 2026, delisted the stock from NASDAQ and provides shareholders $2.55 per share in cash. The acquisition, which includes strategic partners like PenFed Credit Union, AutoNation, and Zurich North America, aims to refocus TrueCar on profitability and expand its auto-buying platform. Painter’s return as CEO and the involvement of industry veterans like Georg Bauer signal a renewed emphasis on dealer partnerships and digital innovation. The move aligns with market optimism over streamlined operations and long-term profitability, driving the sharp premarket rally.