TrueCar (TRUE) has released an update.
The Board of Directors of the Company has decided to boost their share repurchase program, raising the available funds from $45.8 million to a substantial $100 million. Additionally, they’ve pushed back the program’s expiration date, giving themselves until the end of 2026 to execute buybacks. This move shows a commitment to return value to shareholders, though it doesn’t necessarily guarantee that any specific amount will be repurchased.
For further insights into TRUE stock, check out TipRanks’ Stock Analysis page.
