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July 04, 2015 12:21 PM ET

Internet Software and Services

Company Overview of TrueCar, Inc.

Company Overview

TrueCar, Inc. operates as an Internet-based information, technology, and communication services company. The company operates its platform on the TrueCar Website and TrueCar mobile applications. It also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for large enterprises. The company’s platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers. In addition, it provides data and consulting services regarding determination of the residual value of an automobile at future given points in...

120 Broadway

Suite 200

Santa Monica, CA 90401

United States

Founded in 2005

463 Employees

Phone:

800-200-2000

Key Executives for TrueCar, Inc.

Co-Founder, Chairman and Chief Executive Officer
Age: 46
Total Annual Compensation: $450.0K
President and Director
Age: 53
Total Annual Compensation: $348.7K
Chief Financial Officer
Age: 49
Total Annual Compensation: $240.0K
Chief Risk Management Officer and Executive Vice President
Age: 56
Total Annual Compensation: $323.9K
Compensation as of Fiscal Year 2014.

TrueCar, Inc. Key Developments

TrueCar, Inc. Presents at Goldman Sachs Sixth Annual dotCommerce Day, Jun-18-2015 02:50 PM

TrueCar, Inc. Presents at Goldman Sachs Sixth Annual dotCommerce Day, Jun-18-2015 02:50 PM. Venue: Mandarin Oriental, New York, New York, United States. Speakers: Michael Guthrie, Chief Financial Officer.

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against TrueCar, Inc

On May 27, 2015, a class action lawsuit was filed in the United States District Court for the Central District of California against TrueCar, Inc. The complaint alleges violations of federal securities laws under the Securities Exchange Act of 1934, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is May 16, 2014 through May 20, 2015. Plaintiff seeks to recover damages on behalf of all TrueCar, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above.

California New Car Dealers Association Files Legal Action against TrueCar for Non-Compliance with State’s Laws

California New Car Dealers Association filed legal action against TrueCar for its noncompliance with various sections of the California Vehicle Code pertaining to dealer licensing, brokering, advertising and disclosure. Patricia Glaser of the highly respected law firm Glaser Weil filed this litigation in Santa Monica. In legal action filed today, in Los Angeles Superior Court Santa Monica branch, TrueCar is charged with violating key statutes and because of this, both the consumer and new car dealers are not being protected. Based on its conduct, TrueCar acts as a 'Dealer' and a 'Broker', the companies believe TrueCar is in violation of existing consumer protection laws, as TrueCar does not have a Dealer or Auto Broker license.

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