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Scott Painter takes TrueCar private with $227M buyout, targets profitable growth

Summary by CBT Automotive Network
TrueCar founder Scott Painter is back at the helm after leading a $227 million transaction to take the automotive marketplace private, marking a major reset
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2 Articles

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TrueCar to shift away from 3 initiatives, including wholesale entity

With Scott Painter back leading the company, TrueCar might be liquidating assets, among other strategy moves highlighted in a news release distributed on Monday

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CBT Automotive NetworkCBT Automotive Network

Scott Painter takes TrueCar private with $227M buyout, targets profitable growth

TrueCar founder Scott Painter is back at the helm after leading a $227 million transaction to take the automotive marketplace private, marking a major reset

Read Full Article
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CBT Automotive Network broke the news in on Tuesday, February 3, 2026.
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