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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More Car Shoppers Than Ever Want to Shop Online, Despite Decreased Concern Over COVID-19 Exposure More Car Shoppers Than Ever Want to Shop Online, Despite Decreased Concern Over COVID-19 Exposure

Six Months into Pandemic TrueCar Study Finds Vehicle Affordability Now Tops Car Shopper Concerns

TrueCar and its affinity partners stand out in the study of new - vehicle buyers and how they used digital automotive information during their shopping process.

TrueCar and its Affinity Partners Drive the Most Dealer Showroom Visits for 9th Year in a Row According to J.D. Power

Investors need to pay close attention to TrueCar (TRUE) stock based on the movements in the options market lately.

Implied Volatility Surging for TrueCar (TRUE) Stock Options

Names NASCAR Driver and Naval Officer , Jesse Iwuji, TrueCar Military ’s First B rand A mbassador

TrueCar Leans into TrueCar Military with Dedicated Brand Marketing Campaign, “Drive On”

Plus Best Deals on Used Vehicle and Trade-Ins Plus Best Deals on Used Vehicle and Trade-Ins

TrueCar Shares Best End-of-Month Cash, Lease and Finance Deals on New Vehicles for September

SANTA MONICA, Calif., Sept.  29, 2020  (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE), has teamed up with luxury automaker Audi to provide preferred pricing and exclusive incentives to verified TrueCar Military car shoppers on new Audi cars and SUVs.

TrueCar Teams Up with Audi to Provide TrueCar Military Shoppers Preferred Pricing and Exclusive Incentives on New Audi Vehicles

SANTA MONICA, Calif., Sept.  25, 2020  (GLOBE NEWSWIRE) -- TrueCar, Inc., and its  ALG, Inc.  subsidiary, project total new vehicle sales will reach 1,221,092 units in September 2020, down 12% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 14.8 million units. Excluding fleet sales, TrueCar and ALG expect U.S. retail deliveries of new cars and light trucks to be 1,111,397 units, a decrease of 6% from a year ago when adjusted for the same number of selling days.

TrueCar and ALG Forecast New and Used Vehicle Sales for September 2020 and the Third Quarter

SANTA MONICA, Calif., Sept.  24, 2020  (GLOBE NEWSWIRE) --  TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announced today that it is offering complimentary access to its leading-edge Payments and Trade Retail Solutions tools for network dealers. The tools are available for onboarding starting now to franchise dealers and are planned to roll out to independent dealers by the end of the year. Participating retailers will be part of TrueCar’s Access Network, and will receive badging on the TrueCar marketplace highlighting to consumers that these features are offered by the dealership. Retailers must opt in to the Payments tool to also be eligible for complimentary access to the TrueCar Trade tool.

TrueCar Boosts Retailer Offering with Complimentary VIN-Specific Digital Payments and Trade Tools for Network Dealers

TrueCar (TRUE) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

TrueCar (TRUE) Catches Eye: Stock Jumps 5.8%

Names Kristin Slanina Chief Operating Officer Beth Mach Chief Consumer Officer Elias Rokos Chief Technology Officer and Barbara Carbone to Board of Directors Names Kristin Slanina Chief Operating Officer Beth Mach Chief Consumer Officer Elias Rokos Chief Technology Officer and Barbara Carbone to Board of Directors

TrueCar Fortifies Leadership Team with New Appointments

SANTA MONICA, Calif., Sept.  10, 2020  (GLOBE NEWSWIRE) --  TrueCar , Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, today announced a new affinity partnership with  Military AutoSource , the only vehicle buying program exclusively for the U.S. military community serving overseas for close to 60 years.

TrueCar Partners with Military AutoSource to Power Car Buying Service Operations for Military Based in the U.S.

SANTA MONICA, Calif., Sept.  01, 2020  (GLOBE NEWSWIRE) --  TrueCar , Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, today announced its list of the best deals on new and used vehicle purchases and trade-in values going into Labor Day Weekend.

TrueCar Announces the Best Deals on Popular New and Used Vehicles and Trade-Ins for Labor Day Car Sales

TrueCar commissioned study reveals the deep connection Americans have with their vehicles TrueCar commissioned study reveals the deep connection Americans have with their vehicles

How Cars Are Helping Americans Cope During COVID-19

Partnership represents first significant brand marketing investment in TrueCar Military Program Partnership represents first significant brand marketing investment in TrueCar Military Program

TrueCar Deepens Commitment to Military Audience Partners with Military Marketing Experts, Refuel Agency

The company's second-quarter earnings were good, but there's more to the story.

Why TrueCar Stock Was Rising Today

TrueCar, Inc. (TRUE) CEO Michael Darrow on Q2 2020 Results - Earnings Call Transcript

Second-quarter results for the digital automotive marketplace are driving shares higher, but are there speed bumps ahead?

Why TrueCar Stock Is Soaring Over 30% on Friday

Shares of TrueCar (NASDAQ:TRUE) rose 33.1% in after-market trading after the company reported Q2 results.

TrueCar: Q2 Earnings Insights

J.D. Power, a global leader in data analytics and consumer intelligence, today announced it has entered into an agreement to purchase ALG, Inc., from TrueCar, Inc., for $135 million. ALG is an industry authority on automotive residual value projections in both the United States and Canada, and the acquisition is expected to augment offerings from the data & analytics division of J.D. Power.

J.D. Power to Acquire ALG from TrueCar, Inc.

SANTA MONICA, Calif., Aug.  06, 2020  (GLOBE NEWSWIRE) --  TrueCar , Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announced today that it has entered into an agreement with J.D. Power to sell its ALG, Inc. subsidiary for $135 million. The total consideration includes an upfront cash payment of $112.5 million at closing and total deferred payments of up to $22.5 million based on certain financial results.

TrueCar Agrees to Sell its ALG Subsidiary to J.D. Power for $135 Million

SANTA MONICA, Calif., Aug.  06, 2020  (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE) today announced its financial results for the second quarter ended June 30, 2020.

TrueCar Reports Second Quarter 2020 Financial Results

Automaker revenue increases for the first time since March 2020 Automaker revenue increases for the first time since March 2020

ALG Forecasts Average New Vehicle Transaction Price Up 3.3% for July 2020

The Surprising Reason Why TrueCar Stock Is Up Today

SANTA MONICA, Calif., July  27, 2020  (GLOBE NEWSWIRE) --  ALG, Inc. , a subsidiary of  TrueCar, Inc.  and the industry benchmark for determining the future resale value of a vehicle, projects total new vehicle sales will reach 1,189,928 units in July 2020, down 18% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 14 million units. Excluding fleet sales, ALG expects U.S. retail deliveries of new cars and light trucks to be 1,091,152 units, a decrease of 15% from a year ago ­­when adjusted for the same number of selling days.

TrueCar’s ALG Forecasts Vehicle Sales Continue to Recover for July 2020 Despite Economic Re-Opening Rollbacks

SANTA MONICA, Calif., July  24, 2020  (GLOBE NEWSWIRE) --  TrueCar , Inc. (NASDAQ:TRUE) will report its financial results for the second quarter ended June 30, 2020 on Thursday, August 6, 2020, following the close of market.

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