09:40 AM EDT, 10/15/2025 (MT Newswires) -- TrueCar ( TRUE ) shares climbed by 65% in early trading Wednesday after saying it has agreed to be acquired by Fair Holdings, an entity led by TrueCar ( TRUE ) founder Scott Painter, in an all-cash deal valued at about $227 million.

Under the terms of the go-private transaction, TrueCar ( TRUE ) shareholders will receive $2.55 per share in cash. TrueCar ( TRUE ) closed on Tuesday at $1.48 per share.

Painter will return as chief executive of TrueCar ( TRUE ) once the acquisition is completed, which is expected in Q4 or early 2026, the companies said.