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Kaplan Fox Announces Investor Class Action Lawsuit Filed against TrueCar, Inc.

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Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com)
has filed a class action suit against TrueCar, Inc. ("TrueCar" or the
"Company") (NASDAQ:TRUE) and Michael Guthrie, that alleges violations
of the Securities Exchange Act of 1934 on behalf of all persons and
entities who purchased the publicly traded common stock of TrueCar from
at least as early as February 16, 2017 through November 6, 2017,
inclusive (the "Class Period"). The case is pending in the United States
District Court for the Central District of California.

The complaint alleges that during the Class Period the Company made
numerous positive statements concerning the Company's prospects and
growth, while failing to disclose negative developments related to the
United Services Automobile Association ("USAA"), its largest source of
revenue.

The Complaint further alleges that, throughout the Class Period
defendants made false and/or misleading statements and/or failed to
disclose that: (1) that USAA had been planning significant changes to
its website that would have a material adverse effect on the volume of
purchases generated by USAA; (2) that USAA made significant changes to
its website that would have a material adverse effect on the volume of
purchases generated by USAA; (3) that the changes to USAA's website
maintained by TrueCar caused a material adverse effect on the volume of
purchases generated by USAA; and (4) that, as a result of the foregoing,
Defendants' statements about TrueCar's business, operations, and
prospects, were materially false and/or misleading and/or lacked a
reasonable basis.

On November 6, the Company disclosed that USAA had made significant
changes to its website during the Class period that had a material
adverse effect on the volume of purchases generated by USAA. On this
news, TrueCar's shares declined by $5.76 per share, or 35.25%, to close
at $10.58 per share on November 7, 2017 on heavy trading volume.

If you purchased TrueCar common stock during the Class Period, you may
move the court no later than June 1, 2018 to serve as a lead plaintiff
for the Class. You need not seek to become a lead plaintiff in order to
share in any possible recovery. If you would like to review a copy of
the Complaint filed in this action or discuss our investigation, please
contact us by emailing jcampisi@kaplanfox.com
or by calling 800-290-1952.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco,
Los Angeles, Chicago and New Jersey, has many years of experience in
prosecuting investor class actions. For more information about Kaplan
Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.

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