NEW YORK, May 16, 2014 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that trading of TrueCar Inc. (Nasdaq:TRUE) commenced on The NASDAQ Stock Market on May 16, 2014.
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TrueCar empowers car buyers by giving them transparent insight into what others actually paid, upfront pricing information, and a network of trusted TrueCar Certified Dealers who provide guaranteed savings certificates and seamlessly complete the car purchase. TrueCar's transparent upfront pricing information and guaranteed savings certificate make the car buying process simple so buyers never overpay. TrueCar works with more than 7,700 new car franchises and independent dealers operating in all 50 states and the District of Columbia. TrueCar users and its Certified Dealers have completed over 1.2 million automobile transactions since inception, and the 2013 volume accounted for approximately two percent of all new car sales in the U.S.
"TrueCar is transforming the car-buying experience, and empowering car buyers by giving them upfront pricing information and guaranteed savings off MSRP - while also enabling dealers to attract informed, in-market customers," said Bruce Aust, Executive Vice President, Corporate Client Group, NASDAQ OMX. "NASDAQ has a deep history of supporting and celebrating innovative companies like TrueCar; we are thrilled to welcome TrueCar to The NASDAQ Stock Market and look forward to a long, successful partnership."
By listing with NASDAQ, TrueCar joins some of the world's largest and most revolutionary companies. NASDAQ has been the exchange of choice to over 70 percent of technology companies listed in the U.S. markets.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
TrueCar empowers car buyers by giving them transparent insight into what others actually paid, upfront pricing information, and a network of trusted TrueCar Certified Dealers who provide guaranteed savings certificates for the seamless completion of the car purchase. The reality is buying a car is painful and buyers fear they are going to overpay. TrueCar's transparent upfront pricing information and guaranteed savings certificate make the car buying process simple giving buyers confidence that they never overpay. Its national network of more than 7,700 TrueCar Certified Dealers is committed to providing negotiation-free savings off MSRP for some of the country's largest membership and service organizations, including AARP, American Express, AAA, USAA and Consumer Reports. Note: Not all program features are available in all states. Go to www.truecar.com for program details. TrueCar is headquartered in Santa Monica, Calif., with offices in Santa Barbara, Calif., San Francisco, Calif., and Austin, Texas.
About The NASDAQ OMX Group:
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
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CONTACT: NASDAQ Media Relations Contact: Will Briganti (646) 441-5012 William.Briganti@nasdaqomx.com Christine Barna (646) 441-5310 Christine.Barna@nasdaqomx.com TrueCar Media Relations Contact: Jenna Finn (617) 913-4993 Jenna@kelandpartners.com