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

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Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q1 2024

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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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TrueCar topped fourth-quarter estimates, but what's on the road ahead?

Is TrueCar's 12% Pop on Thursday Justified?

TrueCar, Inc. (TRUE) CEO Mike Darrow on Q4 2020 Results - Earnings Call Transcript

Shares of TrueCar jumped in the late session Wednesday after a quarterly beat for the online car-pricing company.

Earnings Results: TrueCar rallies after Q4 sales top views

SANTA MONICA, Calif., Feb. 24, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE) today announced its financial results for the fourth quarter and fiscal year ended December 31, 2020. Fourth Quarter 2020 Financial Highlights The following financial results reflect continuing operations...

TrueCar Reports Fourth Quarter and Full Year 2020 Financial Results

SANTA MONICA, Calif., Feb. 23, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, today announced a new affinity partnership with GovX, Inc., the largest e-commerce website for verified active and veteran U.S. military...

TrueCar and GovX Partner to Launch New Auto Buying Program Powered by TrueCar Military

SANTA MONICA, Calif., Feb. 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 end-of-month deals on new and used vehicle purchases and trade-in values for February 2021. "Used...

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

HyreCar

SANTA MONICA, Calif. and LOS ANGELES, Feb. 10, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent way to find a car and HyreCar Inc. (NASDAQ: HYRE), the car-sharing marketplace for ridesharing, food, and package delivery services, today announced their...

TrueCar Partners with HyreCar to Provide its Car-Sharing Marketplace with a Modern Digital Car Buying and Trade-In Solution

Average Transaction Price Hits All-Time Record Average Transaction Price Hits All-Time Record

TrueCar Forecasts Industry Retail Sales Soar 34% for the 4th Quarter

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

TrueCar Shares Best End-of-Year Cash, Lease and Finance Deals on New Vehicles for December 2020

Fewer Consumers Expect to Delay Purchase Despite Surging Cases Fewer Consumers Expect to Delay Purchase Despite Surging Cases

Consumer Interest in Online Vehicle Shopping and Delivery Peaks in TrueCar's Latest COVID-19 Vehicle Shopping Study

SANTA MONICA, Calif., Nov. 30, 2020 (GLOBE NEWSWIRE) -- TrueCar , Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announced today that it closed the previously announced sale of its ALG subsidiary to J.D. Power.

TrueCar Closes Sale of ALG Subsidiary to J.D. Power

Average Transaction Prices Jump Nearly 5% Year-Over-Year for November 2020 Average Transaction Prices Jump Nearly 5% Year-Over-Year for November 2020

TrueCar and ALG Forecast New Vehicle Retail Sales Rise for Third Consecutive Month

Plus Best Deals on Used Vehicle and Trade-In Values Plus Best Deals on Used Vehicle and Trade-In Values

TrueCar Shares Best Black Friday Cash, Lease, and Finance Deals on Popular New Models

One lucky fan will win the ultimate simulation racing rig and receive a private eRacing lesson from Jesse Iwuji One lucky fan will win the ultimate simulation racing rig and receive a private eRacing lesson from Jesse Iwuji

TrueCar Announces eRacing Sweepstakes in Partnership with TrueCar Military Brand Ambassador, NASCAR Driver and Naval Officer Jesse Iwuji

Medically Retired Air Force Senior Airman and Rally Car Racer, Karah Behrend, will use her new vehicle to help other disabled people learn how to drive with hand-controls Medically Retired Air Force Senior Airman and Rally Car Racer, Karah Behrend, will use her new vehicle to help other disabled people learn how to drive with hand-controls

TrueCar, DAV and AutoNation Award Injured Veteran with New Retrofitted Vehicle through 4th Annual DrivenToDrive Program

TrueCar Inc (NASDAQ: TRUE) recent performance was impacted by the termination of its 13-year partnership with the USAA, which services U.S. military members and veterans.  The company's third-quarter results likely reflect the worst of the impact of the USAA loss, according to JMP Securities.

JMP Securities Upgrades TrueCar, Says Risk-Reward 'Extremely Favorable'

TrueCar, Inc. (TRUE) CEO Mike Darrow on Q3 2020 Results - Earnings Call Transcript

TrueCar (TRUE) delivered earnings and revenue surprises of 55.56% and -1.40%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

TrueCar (TRUE) Q3 Earnings Beat Estimates

CarGurus

Online car marketplace CarGurus Inc. and auto pricing website TrueCar, Inc. reported quarterly results on Thursday, with shares of TrueCar falling nearly 9% after the company missed third-quarter sales expectations and shares of CarGurus up 4% after a third-quarter beat. TrueCar said it earned $11.6 million, or 11 cents a share, in the quarter, versus a loss of 7 cents a share in the year-ago.

CarGurus, TrueCar report sagging Q3 sales

SANTA MONICA, Calif., Nov. 05, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE) today announced its financial results for the third quarter ended September 30, 2020.

TrueCar Reports Third Quarter 2020 Financial Results

Vehicle to be presented by TrueCar Military brand ambassador, NASCAR Driver and Naval Officer, Jesse Iwuji Vehicle to be presented by TrueCar Military brand ambassador, NASCAR Driver and Naval Officer, Jesse Iwuji

TrueCar, AutoNation and DAV Partner on 4th ‘DrivenToDrive' Program to Help Injured Veterans Get Back Behind the Wheel

TrueCar Shares Best End-of-Month Cash, Lease and Finance Deals on New Vehicles for October 2020

SANTA MONICA, Calif., Oct. 22, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ:TRUE) will report its financial results for the third quarter ended September 30, 2020 on Thursday, November 5, 2020, following the close of market.

TrueCar to Announce Third Quarter Financial Results on November 5

SANTA MONICA, Calif., Oct. 19, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, applicable to the previously-announced divestiture of its ALG, Inc. subsidiary expired at 11:59 PM, Eastern time, on October 16, 2020.

TrueCar Announces Expiration of HSR Waiting Period for ALG Divestiture

SANTA MONICA, Calif., Oct. 15, 2020 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE) announced today that Noel Watson has resigned as Chief Financial Officer to accept another business opportunity with a privately-held company outside of the automotive vertical. Mr. Watson expects to continue in his current position through November 16, 2020 in order to ensure a smooth transition for the Company. Charles Thomas, the Company’s Controller, will serve as interim principal financial officer until a permanent candidate is identified.

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