Truecar Inc

TrueCar, Inc. engages in the operation of data-driven online platform which provides dealers and automakers with automobile information. It provides pricing transparency about what other people paid for their cars. The firm's products include Used Cars for Sale, Sell My Car, Local Pricing, and Lease a Car. The company was founded by Thomas Taira, James Nguyen, Scott Painter and Bernard Brenner in February 2005 and is headquartered in Santa Monica, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

TrueCar targets revenue growth and partnerships for 2023 success

TrueCar Inc aims for revenue growth and positive EBITDA by Q4 2023 through strategic initiatives.
Enhancements to TrueCar+ and new subscription packages drive recurring revenue growth.
Partnerships with NerdWallet and Mercedes-Benz strengthen brand awareness and expansion.
Focus on OpEx stability and growth initiatives to address industry challenges and opportunities.

TrueCar anticipates revenue growth and breakeven EBITDA in Q4

TrueCar's Q1 performance showed growth in unique visitors and strategic initiatives to drive revenue growth, despite challenges in the independent dealer count.
The company's strengths in innovation, personalized shopping experiences, and efficiency position them well for future growth and achieving breakeven or positive adjusted EBITDA.
While facing challenges in market conditions and dealer counts, TrueCar has opportunities to expand TrueCar+ solutions, focus on the used market, and drive revenue through conversion strategies.

TrueCar reports positive Q2 results, eyes EV market disruption

TrueCar's Q2 performance was strong, with a focus on revenue growth and operational efficiency.
The company's strategic streamlining and market positioning offer growth potential in EV sales.
Addressing challenges around revenue sustainability and dealer dynamics will be key for future success.

TrueCar surpasses Q3 guidance, targets sustainable growth and innovation

TrueCar's Q3 2023 performance exceeded expectations, with a focus on sustained revenue growth and positive free cash flow. The company aims to achieve aspirational revenue and free cash flow targets by 2026 through organic growth strategies and enhancing the digital transaction experience.
While facing challenges in returning to double-digit revenue growth and managing cash balances, TrueCar is well-positioned to capitalize on opportunities in regaining lost dealers, expanding services, and strengthening partnerships. The rollout of the United flow and emphasis on operational efficiency highlight TrueCar's strategic direction.

TrueCar reports strong Q4 growth, eyes revenue targets and dealer expansion

TrueCar's Q4 performance reflects steady growth, strategic initiatives, and a focus on long-term profitability.
While facing challenges in monetization and competition, the company is well-positioned to leverage opportunities for expansion and revenue growth.
Overall, TrueCar's proactive approach to addressing industry challenges and driving value for stakeholders bodes well for its future success.

TrueCar reports robust Q1 growth, faces industry reluctance on TrueCar+

TrueCar's Q1 performance showed strong revenue growth and positive adjusted EBITDA, with a focus on dealer activation and revenue per dealer.
Challenges include short-term fluctuations in OEM incentive revenue and industry reluctance towards TrueCar+ impact.
Opportunities lie in expanding TrueCar+ pilot, refining processes, and scaling operations in California and nationwide.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

TrueCar is expected to maintain its momentum in the fourth quarter of 2023, with the likelihood of higher share prices. The company operates as a technology platform, connecting car buyers with certified dealers and offering local pricing information and inventory. TrueCar has set ambitious goals for the next three years, aiming for annual revenue of over $300 million and more than 10% free cash flow by the end of 2026.

TrueCar May Be On The Cusp Of Growth, Profitability, And Higher Share Prices

Live call and webcast will occur on February 21 at 9:00 a.m. ET SANTA MONICA, Calif.

TrueCar to Announce Fourth Quarter 2023 Financial Results in Stockholder Letter on February 20

TrueCar drives purchase-ready customers to dealerships through customized broad and targeted marketing tactics NADA attendees can win $100K in free marketing spend and TrueCar Marketing Solutions services TrueCar Wholesale Solutions launches its first auction "Exchange," powered by Turn Automotive SANTA MONICA, Calif. , Feb. 1, 2024 /PRNewswire/ -- TrueCar, Inc.  (NASDAQ: TRUE), the easiest, most efficient, and transparent online destination for buying and selling new and used vehicles, today announced TrueCar Marketing Solutions, a suite of solutions backed by unsurpassed consumer data designed to help dealers engage customers outside their current reach, bringing them through the purchase process and maximizing their lifetime value.

TrueCar Marketing Solutions Helps Dealers Conquest New Customers, Drive Service Revenue, and More

TrueCar, Inc. beats revenue estimates in Q3 2023 by approximately $170,000. TrueCar operates an online marketplace for automobile purchases in the United States. The company's fundamentals are improving, but it may not return to high growth or achieve operating breakeven in the near term.

TrueCar's Fundamentals Stabilize As Car Market Rebalances

In partnership with DAV (Disabled American Veterans) and AutoNation, TrueCar recognizes veteran for continued service to community  SANTA MONICA, Calif. , Nov. 9, 2023 /PRNewswire/ -- TrueCar , Inc. (NASDAQ: TRUE), the easiest, most efficient, and transparent online destination for buying and selling new and used vehicles, has awarded Army veteran Adam Greathouse of West Virginia, with a new vehicle through its DrivenToDrive initiative.

TrueCar Awards Army Veteran with Brand New Vehicle Through DrivenToDrive Initiative

TrueCar, Inc. (NASDAQ:TRUE ) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Jantoon Reigersman - President and Chief Executive Officer Oliver Foley - Chief Financial Officer Conference Call Participants Rajat Gupta - JPMorgan Chris Pierce - Needham Marvin Fong - BTIG Operator Good day and welcome to the TrueCar Third Quarter 2023 Financial Results Conference Call. Please note this event is being recorded.

TrueCar, Inc. (TRUE) Q3 2023 Earnings Call Transcript

Live call and webcast will occur on November 7 at 9:00 a.m. ET SANTA MONICA, Calif.

TrueCar Releases Third Quarter 2023 Financial Results and Stockholder Letter

SANTA MONICA, Calif. , Oct. 26, 2023 /PRNewswire/ -- TrueCar , Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, has announced a new partnership with Car and Driver, the world's largest automotive media brand and trusted guide for in-market vehicle shoppers.

TrueCar Announces New Partnership with Car and Driver Allowing Millions of Users to Shop for Vehicles on CarandDriver.com

TrueCar to Announce Third Quarter 2023 Financial Results in Stockholder Letter on November 6

Costco

Cardiff Oncology

MillerKnoll

Morphic Holding Inc

Progress Software

Cardiff Oncology Inc. CRDF, +0.62% shares surged 32% on favorable data from two cancer drug trials — metastatic pancreatic ductal adenocarcinoma and small cell lung cancer treatment.

Costco share fall following results, while Cardiff Oncology and MillerKnoll shares soar, and more moving stocks

Shares of TrueCar Inc. TRUE, -0.88% fell 4% in the extended session Tuesday after the online car platform named Oliver Foley as its new chief financial officer, replacing Teresa Luong. Foley will start at TrueCar on Oct. 30 and report to Chief Executive Jantoon Reigersman, the company said.

TrueCar stock down 4% after online car platform gets new CFO

SANTA MONICA, Calif. , Sept. 26, 2023 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced new leadership appointments and role changes.

TrueCar Announces New Leadership Appointments

CarGurus

Shift Technologies

Before jumping into which auto stocks investors should consider buying let's look at the numbers surrounding affordability. The numbers are pretty shocking, frankly.

3 Auto Stocks to Buy as New Car Affordability Plummets

TrueCar, Inc. beat revenue and EPS consensus estimates in its recently reported Q2 2023 financial results. The firm connects car buyers with dealers in the U.S. for new or used automobiles via its online platform. Management highlighted a return to sequential revenue growth as OEM incentives began to reappear.

TrueCar's Revenue Turns Up As OEMs Restart Incentives

Although the revenue and EPS for TrueCar (TRUE) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

TrueCar (TRUE) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

TrueCar, Inc. (NASDAQ:TRUE ) Q2 2023 Earnings Conference Call August 1, 2023 9:00 AM ET Company Participants Jantoon Reigersman - President and Chief Executive Officer Teresa Luong - Chief Financial Officer Conference Call Participants Rajat Gupta - J.P. Morgan Naved Khan - B Riley Securities Tom White - DA Davidson Chris Pierce - Needham and Company Martin Fong - BTIG Operator Good day, and welcome to the TrueCar Second Quarter 2023 Financial Results Conference Call.

TrueCar, Inc. (TRUE) Q2 2023 Earnings Call Transcript

TrueCar (TRUE) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.07 per share a year ago.

TrueCar (TRUE) Reports Q2 Loss, Tops Revenue Estimates

Live call and webcast will occur on August 1 at 9:00 a.m. ET SANTA MONICA, Calif.

TrueCar Releases Second Quarter 2023 Financial Results and Stockholder Letter

Sleep Number

Yext

Stocks generally display positive momentum after a positive earnings report, which is the reason for selecting these three.

3 Stocks to Buy Before They Report 2Q Results

TrueCar (TRUE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

TrueCar (TRUE) Expected to Beat Earnings Estimates: Should You Buy?

TrueCar to Announce Second Quarter 2023 Financial Results in Stockholder Letter on July 31

TrueCar (NASDAQ:TRUE) Inc shares climbed 10% to $2.72 on Thursday after the car-pricing platform announced that it is eliminating 24% of its workforce, or about 102 positions, and has named a new CEO. TrueCar revealed that its chief operating officer Jantoon Reigersman will replace Michael Darrow as the company's CEO, but did not provide details on why the move was being made.

TrueCar stock revs higher on big staff cuts; new CEO

Lennar

Lennar Corp. shares LEN were rising 4% in morning trading after the homebuilder reported results that topped Wall Street expectations and hiked its delivery forecast for the year.

Lennar's stock rises after builder boosts guidance, TrueCar shares soar on layoff plan, and other stocks on the move

TrueCar, the online vehicle listing platform, is set to undergo a strategic restructuring aimed at rationalizing its organization and improving efficiency amid broader downshifts in the sector.  In an announcement Wednesday (June 14), TrueCar described “a strategic restructuring to streamline the organization, including a workforce reduction impacting approximately 102 positions, or 24% of the Company's headcount.

TrueCar Is Restructuring and Changing Management as Losses Continue

TrueCar said on Wednesday it was laying off 24% of its workforce as part of restructuring that would result in $20 million of annualized expense reduction for the automotive digital marketplace.

News for Truecar Inc Stock (TRUE)