Tranche Update on TrueCar, Inc.'s Equity Buyback Plan announced on August 6, 2020.
August 09, 2022 at 06:07 am EDT
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From April 1, 2022 to June 30, 2022, the company has repurchased 3,731,415 shares, representing 3.99% for $14.03 million. With this, the company has completed the repurchase of 22,276,519 shares, representing 22.17% for $99.54 million under the buyback announced on August 6, 2020.
TrueCar, Inc. is an automotive digital marketplace that enables car buyers to connect to its network of Certified Dealers. It offers a software ecosystem on a common technology infrastructure, powered by data and analytics. Its company-branded platform is available on its TrueCar Website and mobile applications. Its network of TrueCar Certified Dealers consists primarily of new car franchises, representing all makes of cars, as well as independent dealers selling used vehicles. Key elements of its core leads-based consumer experience include Research & Discovery, New Car Build Experience, New and Used Car Inventory Search, Consumer Cohorts, Vehicle Identification Numbers (VIN) Offers, TrueCar Post Prospect Unified Vehicle Detail Page, Trade and Sell Your Car and Finance and Insurance Features. Its network of TrueCar Certified Dealers utilizes the Dealer Portal, an application that is accessible online and on mobile devices, as a sales enhancement platform.
TRUECAR, INC. 
