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.

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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.

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SANTA MONICA, Calif. , May 6, 2022 /PRNewswire/ --  TrueCar , Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, announced its inclusion in a list of Top 100 Most Customer-Centric Companies of 2022 by a notable Forbes contributing writer.

TrueCar Named in the Top 100 Most Consumer-Centric Companies of 2022

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

TrueCar to Announce First Quarter 2022 Financial Results in Stockholder Letter on May 9

SANTA MONICA, Calif. , April 21, 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 appointment of Jill Angel as Chief People Officer.

TrueCar Appoints Jill Angel as New Chief People Officer

SANTA MONICA, Calif. , April 12, 2022 /PRNewswire/ --  TrueCar, Inc.

Rising Fuel Prices Have Generated Unprecedented Interest in Electric Vehicles According to New TrueCar Study

High gas prices are fueling a spike in demand for electric vehicles and hybrids, according to shopping data from TrueCar Inc.

High Gas Prices Drive High Demand For Electric Vehicles, TrueCar Says

TrueCar, Inc. (TRUE) is a top automotive digital marketplace that's suffered amid vehicle inventory shortages and the broader economic environment driving up car prices over the last year.

Bear of the Day: TrueCar, Inc. (TRUE)

EV and hybrid vehicle demand skyrockets amid surging fuel prices SANTA MONICA, Calif., March 30, 2022 /PRNewswire/ --  TrueCar, Inc.

TrueCar Releases Analysis of March and 2022 First Quarter Industry Sales

New offerings are part of the company's strategic focus on delivering TrueCar+ while strengthening its core service as automotive retail continues its shift online Company also announced that it had repurchased nearly $82 million in shares thus far through its stock buyback program SANTA MONICA, Calif. , March 17, 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 launch of its Sell Your Car offering and introduced its Home Delivery program in Texas.

TrueCar Launches Sell Your Car Offering and Introduces Home Delivery Program in Texas For Added Car Buying and Selling Convenience

SANTA MONICA, Calif., March 11, 2022 /PRNewswire/ -- TrueCar, Inc. , (NASDAQ:TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, has received two "Top-Rated" awards in the 11th annual DrivingSales Dealer Satisfaction Awards, presented at a special event in conjunction with the 2022 National Automobile Dealers Association (NADA) Convention & Expo.

TrueCar Receives Two Top-Rated DrivingSales Dealer Satisfaction Awards

Online car retailer TrueCar, Inc., unveiled its online car-buying platform, TrueCar+, according to a Tuesday (March 8) company press release. TrueCar+ allows users to explore, confirm and complete their car purchases with a dealer and arrange financing and delivery from anywhere.

TrueCar Launches Online Car-Buying Platform TrueCar+

SANTA MONICA, Calif. , March 8, 2022 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, is debuting TrueCar+, its online car buying platform.

TrueCar Introduces New Online Car Buying Marketplace Called TrueCar+

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TrueCar, Inc. (TRUE) CEO Mike Darrow on Q4 2021 Results - Earnings Call Transcript

SANTA MONICA, Calif., Feb. 23, 2022 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced that its Chief Financial Officer, Jantoon Reigersman, has also been appointed Chief Operating Officer, effective March 1, 2022.

TrueCar Announces Appointment of Jantoon Reigersman to Chief Operating Officer

SANTA MONICA, Calif., Feb. 22, 2022 /PRNewswire/ --  TrueCar, Inc., (NASDAQ:TRUE) today announced financial results for the fourth quarter ended December 31, 2021 in a stockholder letter, which is available on the TrueCar investor relations website at ir.truecar.com.

TrueCar Releases Fourth Quarter 2021 Financial Results and Stockholder Letter

SANTA MONICA, Calif., Feb. 16, 2022 /PRNewswire/ -- TrueCar, Inc., (NASDAQ: TRUE) the most efficient and transparent online destination to find a car, announced that starting today, its stockholders can submit and upvote questions that they would like addressed on the Company's Q4 2021 earnings call.

TrueCar Invites Current Stockholders to Submit Questions for its Q4 2021 Call

SANTA MONICA, Calif., Feb. 8, 2022 /PRNewswire/ -- TrueCar, Inc., (NASDAQ: TRUE) will report financial results for the fourth quarter ended December 31, 2021 on  Tuesday, February 22, 2022 after market close, in a stockholder letter that will be accessible from the Company's Investor Relations website at ir.truecar.com.

TrueCar to Announce Fourth Quarter 2021 Results in Stockholder Letter on February 22

Goldman Sachs Group Inc (NYSE: GS) has taken a 6.3% stake in TrueCar Inc (NASDAQ: TRUE), regulatory filing shows. Founded in 2005, TrueCar is an automotive digital marketplace that enables auto buyers to connect to its nationwide network of Certified Dealers.

TrueCar Stock Gains As Goldman Sachs Takes Stake

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SANTA MONICA, Calif., Dec. 22, 2021 /PRNewswire/ -- TrueCar, Inc.

TrueCar Forecasts December and Fourth Quarter Industry Sales Slump Amid Continuing Inventory Shortages

SANTA MONICA, Calif., Dec. 2, 2021 /PRNewswire/ --  TrueCar, Inc.

TrueCar Appoints Rich DiStefano as New Head of Product Team

TrueCar (TRUE) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Bears are Losing Control Over TrueCar (TRUE), Here's Why It's a 'Buy' Now

TrueCar (TRUE) has been struggling lately, but the selling pressure may be coming to an end soon.

TrueCar (TRUE) Sees Hammer Chart Pattern: Time to Buy?

SANTA MONICA, Calif., Nov. 23, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, forecasts total new vehicle sales will reach 1,073,042 units in November 2021, down 15% from a year ago and up 14% vs.

TrueCar Forecasts an Increased Industry Sales Pace for November 2021 as Inventory Starts to Rebound

The heavy selling pressure might have exhausted for TrueCar (TRUE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

News for Truecar Inc Stock (TRUE)