AutoNation Joins Fair Holdings in Completing Acquisition of TrueCar

Reuters

01/22

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.

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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":"LU1169589451.USD","symbol_name":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (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. 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