Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 104

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 104
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. In view of the wide variety of factors considered by the Board in connection with its evaluation of the Merger and the complexity of these matters, the Board did not find it practicable to, and did not, quantify or otherwise assign relative weights to the specific factors considered in reaching its determination and recommendation. Rather, in considering the information and factors described above, individual members of the Board each applied his or her own personal business judgment to the process and may have given differing weights to differing factors. The Board based its unanimous recommendation on the totality of the information presented.

<div align='center'>**THE BOARD OF DIRECTORS ACCORDINGLY UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” THE MERGER PROPOSAL.**</div>

### Certain Unaudited Forecasted Financial Information
Other than certain limited financial guidance provided to investors, TrueCar does not typically provide public forecasts, projections, estimates or predictions of future earnings, income or other financial results due to the inherent unpredictability of such financial results and variability in the underlying assumptions necessary to forecast, project, estimate and predict future financial results, especially over longer periods of time. In connection with the Merger, however, at the direction of the Board, TrueCar’s management prepared different sets of projections of the Company’s financial results for 2025, 2026, 2027, 2028 and 2029 that TrueCar’s management then reviewed with the Board. We refer to each of the management prepared sets of projections discussed below collectively as the “

### Management Projections
.”

TrueCar management also approved for use certain publicly available analyst consensus “street estimates” for TrueCar, as extrapolated for certain fiscal years at the direction of TrueCar management, which are referred to as the “

#### TrueCar Street Consensus Projections
,” and, together with the Management Projections, the “

#### Projections
.”

On several occasions prior to the Board’s approval of the Merger Agreement, TrueCar’s management presented such Projections and Morgan Stanley was instructed to use such Projections on a go-forward basis in connection with its ongoing financial analyses, and eventually was instructed to use the October Management Projections (defined below) in connection with its opinion and related financial analysis, as summarized below under the section entitled “— Opinion of Morgan Stanley & Co. LLC.”

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TrueCar is including the below summary of such Projections in order to provide stockholders with