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

Live call and webcast will occur on November 8 at 9:00 a.m. ET SANTA MONICA, Calif.

TrueCar Releases Third Quarter 2022 Financial Results and Stockholder Letter

With nearly 10,000 TrueCar+ listings across Florida in less than a year, the company broadens market coverage across the Southeast: Alabama, Georgia, North Carolina, South Carolina and Tennessee for new and used vehicles  SANTA MONICA, Calif. , Nov. 3, 2022 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient, and transparent online destination for buying and selling new and used vehicles, is expanding coverage of TrueCar+, its online car buying platform, into five new states—Alabama, Georgia, North Carolina, South Carolina and Tennessee.

TrueCar Expands Its Digital Automotive Marketplace, TrueCar+, to Five Additional States

SANTA MONICA, Calif. , Nov. 1, 2022  /PRNewswire/ -- TrueCar , Inc. (NASDAQ:TRUE) announced the election of Brendan Harrington, General Manager of Capistrano Valley Toyota, to its Board of Directors.

TrueCar Appoints Brendan Harrington to its Board of Directors

Industry sales this month up 15% from a year ago  SANTA MONICA, Calif. , Oct. 28, 2022 /PRNewswire/ -- TrueCar, Inc.

TrueCar Releases Analysis of October Industry Sales

SANTA MONICA, Calif. , Oct. 26, 2022 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient, and transparent online destination for buying and selling new and used vehicles, is piloting a new online credit application feature, as part of the core product offering on truecar.com for consumers in Southern California.

TrueCar Launches Online Credit Application on TrueCar.com in Southern California

TrueCar to Announce Third Quarter 2022 Financial Results in Stockholder Letter on November 7

SANTA MONICA, Calif. , Oct. 21, 2022 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, has launched an expansive accessories menu as part of TrueCar+, the company's online car buying platform that is currently live in Florida.

TrueCar+ Launches Accessories Menu

The Automotive Shopper Trends Report compiles nationwide surveys and TrueCar data to understand brand loyalty, electric vehicle adoption, and more SANTA MONICA, Calif. , Sept. 30, 2022 /PRNewswire/ --  TrueCar , Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, released its Automotive Shopper Trends Report (ASTR), a comprehensive look into auto shopper actions and expectations.

TrueCar Report Unveils Consumer Habits Amid Auto Industry Shifts

Interest rates pose a challenge to consumers, but overall industry remains steady  SANTA MONICA, Calif. , Sept. 29, 2022 /PRNewswire/ --  TrueCar, Inc.

TrueCar Releases Analysis of September and Third Quarter Industry Sales

Percentage of Consumers Likely to Purchase an EV Surges 7% since March Gas Prices Among Strongest Drivers Toward EV Consideration Concerns About Cost to Charge Drop 12% SANTA MONICA, Calif. , Sept. 13, 2022 /PRNewswire/ -- In concert with the opening of the 2022 North American International Auto Show in Detroit, TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, refreshed its national consumer attitude survey from March regarding electric vehicles.

TrueCar Survey Shows Continued Growth in Consumer Sentiment Toward Electric Vehicles

TrueCar Inc. TRUE, +0.45% , the online platform to buy and sell new and used autos, said August sales data suggests the auto industry, which has been plagued by supply problems stemming from chip shortages and logistic issues, "may be turning the corner." Total new vehicle industry sales in August were expected to be up slightly from July and up 9% from a year ago, while used vehicle sales are expected to be up 4% from July but down 17% from last year.

TrueCar says August sales suggest auto industry may be 'turning the corner'

New vehicle incentives rise for second consecutive month  SANTA MONICA, Calif. , Aug. 30, 2022 /PRNewswire/ --  TrueCar, Inc.

TrueCar Releases Analysis of August Industry Sales

TrueCar, Inc. (NASDAQ:TRUE ) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Zaineb Bokhari - VP, IR Mike Darrow - President and CEO Jantoon Reigersman - CFO and COO Conference Call Participants Rajat Gupta - JPMorgan Robert Zeller - Truist Chris Pierce - Needham Zachary Schechtman - BTIG Operator Good day, and welcome to the TrueCar Second Quarter 2022 Financial Results Conference Call. Please note this event is being recorded.

TrueCar, Inc. (TRUE) CEO Mike Darrow on Q2 2022 Results - Earnings Call Transcript

Live call and webcast will occur on August 3 at 9:00 a.m. ET SANTA MONICA, Calif.

TrueCar Releases Second Quarter 2022 Financial Results and Stockholder Letter

TrueCar Inc. TRUE, -1.53% , the online used and new car buying and selling company, said it expects total new vehicle sales of 1.12 million vehicles in July, down 10% from a year ago and down 2% from June, when adjusted for the same number of selling days. The company also estimates the seasonally adjusted annualized rate (SAAR) for total light vehicle industry sales to be 13 million in July, down 15% from a year ago.

TrueCar sees more incentives to buy new cars in July for first time in nearly 20 months as affordability declined

A shift in incentives appears to be an industry response to growing affordability concerns SANTA MONICA, Calif. , July 29, 2022 /PRNewswire/ -- TrueCar, Inc.

TrueCar Releases Analysis of July Industry Sales

TrueCar to Announce Second Quarter 2022 Financial Results in Stockholder Letter on August 2

Through a partnership with ACERTUS, home delivery has already been integrated into TrueCar+ and rolled out across Florida SANTA MONICA, Calif. , July 13, 2022 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced the nationwide expansion of the company's home delivery program for select used vehicles on the TrueCar platform, with distance retailing options for dealers throughout the continental U.S. This includes making delivery part of the company's TrueCar+ offering in Florida.

TrueCar Offers Dealers Across the U.S. Vehicle Delivery

Electric vehicles remain popular amid rising fuel costs while increasing interest rates pose a challenge to affordability SANTA MONICA, Calif. , June 29, 2022 /PRNewswire/ --  TrueCar, Inc.

TrueCar Releases Analysis of June and 2022 Second Quarter Industry Sales

TrueCar, an online site to buy and sell vehicles both new and used, has bought Digital Motors, according to a press release Monday (June 6), which will help round out its car market services. Digital Motors has an automotive retail and financial tech platform, giving car dealers, lenders and others a way to add a […]

TrueCar Buys Online Auto Sales Platform Digital Motors

Acquisition to help accelerate TrueCar+ product roadmap by expanding e-commerce capabilities SANTA MONICA, Calif. , June 6, 2022 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced its acquisition of Irvine, California based Digital Motors.

TrueCar Acquires Digital Motors, an Automotive Retail and Financial Technology Platform

In partnership with wear blue: run to remember and AutoNation, TrueCar awards college graduate with new vehicle SANTA MONICA, Calif. , May 23, 2022 /PRNewswire/ -- TrueCar , Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, is awarding Elisabeth Nylander, a Gold Star Family member, with a new vehicle through its DrivenToDrive initiative.

TrueCar Honors Gold Star Family by Awarding Daughter with Brand New Vehicle Through DrivenToDrive Initiative

TrueCar, Inc. (NASDAQ:TRUE ) Q1 2022 Results Earnings Conference Call May 10, 2022 9:00 AM ET Company Participants Zaineb Bokhari - Vice President, Investor Relations Mike Darrow - President and Chief Executive Officer Jantoon Reigersman - Chief Financial Officer and Chief Operating Officer Conference Call Participants Tom White - D.A. Davidson Marvin Fong - BTIG Rajat Gupta - JPMorgan Chris Pierce - Needham Operator Good day, and welcome to the TrueCar First Quarter 2022 Financial Results Conference Call.

TrueCar, Inc. (TRUE) CEO Mike Darrow on Q1 2022 Results - Earnings Call Transcript

TrueCar (TRUE) delivered earnings and revenue surprises of 20% and 2.53%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

TrueCar (TRUE) Reports Q1 Loss, Tops Revenue Estimates

Live call and webcast will occur on May 10 at 9:00 a.m. ET SANTA MONICA, Calif.

News for Truecar Inc Stock (TRUE)