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., June 30, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, forecasts total new vehicle sales will reach 1,287,536 units in June 2021, up 16% from a year ago but down 16% vs.

TrueCar Forecasts Total New Vehicle Sales up 16% for June 2021

SANTA MONICA, Calif., June 29, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, shares its list of best cash, lease and finance deals on new cars for June 2021.

TrueCar Shares Best Cash, Lease and Finance Deals on New Vehicles for June 2021

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TRUE hit a high of $24 in 2015 before falling all the way down to $5 in 2021. The stock is finally ready for purchase now that the company is in the closing sessions of releasing its vision of becoming an end-to-end car buying experience.

TrueCar: A True Path To Profit

SANTA MONICA, Calif., May 25, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, forecasts total new vehicle sales will reach 1,509,221 units in May 2021, up 36% from a year ago and even with April 2021, when adjusted for the same number of selling days.

TrueCar Forecasts Total New Vehicle Sales up 36% for May 2021

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SANTA MONICA, Calif., May 20, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, shares its list of best cash, lease and finance deals on new cars for May 2021.

TrueCar Shares Best Cash, Lease and Finance Deals on New Vehicles for May 2021

SANTA MONICA, Calif., May 19, 2021 /PRNewswire/ -- TrueCar, Inc.  (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announces its sponsorship of the DAV (Disabled American Veterans) True Patriot Salute, a free, customizable video platform that allows the public to honor a service member, veteran or fallen hero in their life with a personalized video message for Military Appreciation Month.

TrueCar Partners with DAV True Patriot Salute to Honor Service Members, Veterans and Fallen Heroes for Military Appreciation Month

TrueCar, Inc. (TRUE) CEO Mike Darrow on Q1 2021 Results - Earnings Call Transcript

Shares of TrueCar (NASDAQ:TRUE) moved lower in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 325.00% year over year to ($0.09), which missed the estimate of ($0.05).

TrueCar: Q1 Earnings Insights

SANTA MONICA, Calif., May 6, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE) today announced its financial results for the first quarter ended March 31, 2021.

TrueCar Reports First Quarter 2021 Financial Results

Digital automotive marketplace TrueCar has rolled out an experimental program with automotive digital sales platform Roadster, according to an announcement. Shoppers utilizing TrueCar will now have the ability to finalize car purchasing deals on the web via an application programming interface (API) that links up with Roadster's back-end system.

TrueCar, Roadster Team To Help Car Shoppers Finalize Deals

SANTA MONICA, Calif., May 4, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to buy a car, today announced the launch of  a pilot program with digital sales platform, Roadster.

TrueCar and Roadster Partner to Provide TrueCar Users Option to Finalize their Car Deal Online

SANTA MONICA, Calif., April 27, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, forecasts total new vehicle sales will reach 1,402,135 units in April 2021, up 97% from a year ago and down 12.6% from March 2021, when adjusted for the same number of selling days.

TrueCar Forecasts Total New Vehicle Sales up 97% for April 2021 Compared to Prior Year When Sales Bottomed Out Due to the Pandemic

SANTA MONICA, Calif., April 22, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, shares its list of best cash, lease and finance deals on new cars for April 2021.

TrueCar Shares Best Cash, Lease and Finance Deals on New Vehicles for April 2021

SANTA MONICA, Calif., April 20, 2021 /PRNewswire/ -- TrueCar, Inc., (NASDAQ: TRUE) will report its financial results for the first quarter ended March 31, 2021 on Thursday, May 6, 2021, following the close of market.

TrueCar to Announce First Quarter Financial Results on May 6

SANTA MONICA, Calif., March 31, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, released the eighth wave of its study into the impact of the pandemic on vehicle shopping and vehicle shoppers' needs, one full year into the COVID-19 pandemic.

One Year Into COVID-19 Pandemic Fears of Virus Take a Back Seat to Financial Concerns While Vehicle Shopping

SANTA MONICA, Calif., March 25, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent way to find a car, forecasts total new vehicle sales will reach 1,460,820 units in March 2021, up 42% from a year ago and up 13% from February 2021, when adjusted for the same number of selling days.

TrueCar Forecasts Total New Vehicle Sales Up 42% Year-Over-Year for March 2021 in First Year-Over-Year Compare Since Covid-19 Impact on Industry

SANTA MONICA, Calif., March 23, 2021 /PRNewswire/ -- TrueCar, Inc.  (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announces the extension of their current AAA Auto Buying Program*, powered by TrueCar.

TrueCar and AAA Announce Extension of 13-Year Auto Buying Program

SANTA MONICA, Calif., March 18, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, today announced its list of the best cash, lease and finance deals on new vehicles, plus deals on used vehicles and trade-in values for March 2021.

TrueCar Shares Best End-of-Month Cash, Lease and Finance Deals on New Vehicles for March 2021

VIENNA, Va. & SANTA MONICA, Calif.--(BUSINESS WIRE)--Navy Federal Credit Union and TrueCar partner to bring exclusive value to the military community and their families for all their car buying needs.

Navy Federal and TrueCar Partner to Launch Car Buying Service

SANTA MONICA, Calif., March 15, 2021 /PRNewswire/ -- TrueCar, Inc.  (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announces a donation to DAV (Disabled American Veterans) and the four nonprofit organizations of choice from the winning dealerships of the $21K Challenge.

TrueCar Makes Donation to DAV and Announces Dealership Winners of $21K Challenge From NADA

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With the trading day more than halfway over, the broad markets pulled back from their impressive start to the week.

News for Truecar Inc Stock (TRUE)