- Lake Street maintains a “Hold” rating on TrueCar, Inc. (NASDAQ:TRUE) but raises its price target to $2.55 from $2.
- The company announces a definitive agreement to be acquired by Fair Holdings, Inc. in an all-cash transaction, valuing TrueCar at approximately $227 million.
- TrueCar’s stock has experienced a significant increase, with a 62.16% rise, indicating a volatile yet potentially rewarding investment.
TrueCar, Inc. (NASDAQ:TRUE) is a digital automotive marketplace that connects consumers with certified dealers. The company aims to provide transparency and value to its users, including military and credit union members. TrueCar competes with other online car-buying platforms, striving to offer a seamless car purchasing experience.
On October 16, 2025, Lake Street maintained its “Hold” rating for TrueCar, with the stock priced at $2.40. Despite this, Lake Street raised its price target to $2.55 from $2. This adjustment aligns with TrueCar’s recent announcement of a definitive agreement to be acquired by Fair Holdings, Inc.
The acquisition by Fair Holdings, led by Scott Painter, is an all-cash, go-private transaction. TrueCar stockholders will receive $2.55 per share, matching Lake Street’s revised price target. The total equity value of the transaction is approximately $227 million, as highlighted by the company’s announcement.
TrueCar’s stock has seen a notable increase, with a 62.16% rise, equivalent to $0.92. The stock has fluctuated between $2.335 and $2.50 during the day. Over the past year, it reached a high of $4.62 and a low of $1.052, reflecting its volatile nature in the market.
With a market capitalization of around $212.26 million and a trading volume of 7,371,431 shares, TrueCar remains a significant player in the automotive marketplace. The acquisition aims to enhance transparency and value for its partner organizations through its national network of certified dealers.
