TrueCar to Be Acquired by Founder-Led Strategic and Financial Investor Group in All-Cash Go-Private Transaction

TrueCar Stockholders to Receive $2.55 per Share in Cash; the Equity Value of the Transaction is Approximately $227 Million

TrueCar Founder Scott Painter to Return as the Company’s Leader Post-Close

Acquisition Focused on Providing Members of Partner Organizations, Including Military and Credit Unions, Greater Transparency and Value with TrueCar’s National Network of Certified Dealers

TrueCar Stockholders to Receive $2.55 per Share in Cash; the Equity Value of the Transaction is Approximately $227 Million

TrueCar Founder Scott Painter to Return as the Company’s Leader Post-Close

Acquisition Focused on Providing Members of Partner Organizations, Including Military and Credit Unions, Greater Transparency and Value with TrueCar’s National Network of Certified Dealers

Santa Monica, Calif. (Oct. 15, 2025) – TrueCar, Inc. (NASDAQ: TRUE), one of the most recognized and trusted automotive digital marketplace brands, today announced it has entered into a definitive agreement pursuant to which Fair Holdings, Inc. (“Fair Holdings”), an entity led by TrueCar founder Scott Painter, will acquire the Company in an all-cash, go-private transaction at $2.55 per share, or an equity value of approximately $227 million based on current basic shares outstanding.