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

ALG’s 2019 Forecast within 0.01% of Actual New Vehicle Sales ALG’s 2019 Forecast within 0.01% of Actual New Vehicle Sales

TrueCar’s ALG Forecasts 16.9 Million New Vehicle Sales for 2020

Innovation Awards are presented in the Design, Technology, Powertrain, and Convenience Categories and will be presented to the winners ahead of CES Innovation Awards are presented in the Design, Technology, Powertrain, and Convenience Categories and will be presented to the winners ahead of CES

ALG Recognizes the Most Innovative Vehicles of 2020

Automakers Expected to Reach More Than $56B in Revenue Automakers Expected to Reach More Than $56B in Revenue

TrueCar’s ALG Forecasts Average New Car Transaction Price to Reach $35,932 up 2.4% Year Over Year for December 2019

SANTA MONICA, Calif., Dec.  23, 2019  (GLOBE NEWSWIRE) --  TrueCar , Inc.’s (NASDAQ:  TRUE ) data and analytics subsidiary,  ALG , projects total new vehicle sales will reach 1,567,254 units in December 2019, up 0.2% 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 17.2 million units. Excluding fleet sales, ALG expects U.S. retail deliveries of new cars and light trucks to be 1,322,551 units, a decrease of 2% from a year ago when adjusted for the same number of selling days.

TrueCar’s ALG Forecasts December 2019 New Car Sales to Finish the Year Up

B2Gold

MFA Financial

NeoPhotonics

Tesco PLC

Today we found five stocks, with the help our Zacks Stock Screener, that are currently trading for under $10 per share that also sport a Zacks Rank #2 (Buy) or better that investors might want to buy in December heading into 2020.

5 Cheap Stocks Under $10 to Buy for December Heading into 2020

SANTA MONICA, Calif., Dec.  05, 2019  (GLOBE NEWSWIRE) --   PenFed Credit Union,  TrueCar  and  Volvo Car USA  have partnered on a private targeted incentive program that provides preferred pricing and other incentives for PenFed members. 

PenFed Credit Union and TrueCar Partner with Volvo Car USA to Provide PenFed Members with Preferred Pricing and Incentives on New Volvo Vehicles

Automakers Expected to Reach Nearly $50B in Revenue, Up 2.2% Year Over Year Automakers Expected to Reach Nearly $50B in Revenue, Up 2.2% Year Over Year

TrueCar’s ALG Forecasts Average New Car Transaction Price to Reach $35,623 up 1.3% Year Over Year for November 2019

SANTA MONICA, Calif., Nov.  26, 2019  (GLOBE NEWSWIRE) --  TrueCar , Inc.’s (NASDAQ:  TRUE ) data and analytics subsidiary,  ALG , projects total new vehicle sales will reach 1,399,639 units in November 2019, down 3% 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 16.9 million units. Excluding fleet sales, ALG expects U.S. retail deliveries of new cars and light trucks to be 1,193,462 units, a decrease of 2.6% from a year ago when adjusted for the same number of selling days.

TrueCar’s ALG Forecasts New Car Auto Sales Remain Steady, Down Slightly for November in Similar Trend Throughout 2019

As of late, it has definitely been a great time to be an investor in TrueCar, Inc. (TRUE).

TrueCar, Inc. (TRUE) Shares March Higher, Can It Continue?

TrueCar, Inc. (TRUE) CEO Mike Darrow on Q3 2019 Results - Earnings Call Transcript

Axon Enterprise

Chuy's Hlds

Find out how earnings kept lifting some stocks.

Why Axon Enterprise, TrueCar, and Chuy's Holdings Jumped Today

A small boost to guidance is giving investors confidence.

Why TrueCar's Shares Are Surging Today

TrueCar Posted a Wider Loss in Q3, but Raised Guidance

Retired Army Sergeant First Class and Paralympian, Centra “Ce-Ce” Mazyck, Will Use Her Freedom to Drive and Continue Serving Others Retired Army Sergeant First Class and Paralympian, Centra “Ce-Ce” Mazyck, Will Use Her Freedom to Drive and Continue Serving Others

TrueCar and AutoNation Award Paralympian Army Veteran with New Retrofitted Vehicle through DrivenToDrive Program

Automakers Expected to Reach $47B in Revenue, Up 1.5% Year Over Year Automakers Expected to Reach $47B in Revenue, Up 1.5% Year Over Year

TrueCar’s ALG Forecasts New Car Average Transaction Price to Increase 2.6% Year over Year for October 2019

SANTA MONICA, Calif., Oct.  28, 2019  (GLOBE NEWSWIRE) --  TrueCar , Inc.’s (NASDAQ:  TRUE ) data and analytics subsidiary,  ALG , projects total new vehicle sales will reach 1,339,420 units in October 2019, down 4.7% 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 16.6 million units. Excluding fleet sales, ALG expects U.S. retail deliveries of new cars and light trucks to be 1,136,920 units, a decrease of 4.3% from a year ago when adjusted for selling days.

GM Strike and Lower Automaker Incentive Spend Contribute to Dip in October New Car Auto Sales, TrueCar’s ALG Forecasts

Now in its third year, DrivenToDrive awards retrofitted vehicles to deserving service men and women Now in its third year, DrivenToDrive awards retrofitted vehicles to deserving service men and women

TrueCar, AutoNation and DAV (Disabled American Veterans) Partner to Help Injured Veterans Get Back Behind the Wheel through DrivenToDrive Program

Motor1.com visitors now have access to transparent vehicle pricing and a seamless research and purchase experience. Motor1.com visitors now have access to transparent vehicle pricing and a seamless research and purchase experience.

Motor1.com and TrueCar Partner to Launch New Auto Buying Program

The leader in pricing transparency in automotive, is recognized for its superiority in customer service The leader in pricing transparency in automotive, is recognized for its superiority in customer service

TrueCar Named by Newsweek as One of America’s Best Customer Service Brands for Second Year in a Row

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

Do Options Traders Know Something About TrueCar (TRUE) Stock We Don't?

SANTA MONICA, Calif., Oct.  10, 2019  (GLOBE NEWSWIRE) -- TrueCar today announced that TrueCar and its affinity partners are the most visited and most useful independent websites among new-vehicle buyers for the sixth year in a row, according to J.D. Power’s 2019 New Autoshopper Study.  The study also found, for the eighth year in a row, that TrueCar and its affinity partners have driven the most dealer showroom visits among independent sites. Additionally, over the past eight years, TrueCar has been found to be most useful for its pricing content among independent sites.

TrueCar and its Affinity Partners are the Most Visited and Most Useful Independent Websites for 6th Year in a Row According to J.D. Power

ANGI Homeservices

Boingo Wireless

A home services dot-com, an auto sales lead generator, and a Wi-Fi provider have been big losers this year.

3 More Stocks That Have Been Cut in Half in 2019

Slumping auto sales added to the pressures on the struggling company.

Why TrueCar's Shares Fell 14% in September

SANTA MONICA, Calif., Sept.  25, 2019  (GLOBE NEWSWIRE) --  TrueCar , Inc.’s (NASDAQ:  TRUE ) data and analytics subsidiary,  ALG , projects total new vehicle sales will reach 1,288,972 units in September, down 2.2% from a year ago when adjusted for the same number of selling days. For the third quarter, total vehicle sales are forecast to be 4,334,457 units, up 1% from a year ago when adjusted for the same number of selling days, which would mark the first quarter in 2019 to show an increase in sales year-over-year. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 17.4 million units, with ALG projecting 2019 new car sales to continue to stay on course to reach 17M units as initially forecast in January. Excluding fleet sales, ALG expects U.S. retail deliveries of new cars and light trucks to be 1,075,416 million units, a decrease of 4.4% from a year ago when adjusted for the same number of selling days.

TrueCar’s ALG Forecasts New Car Auto Sales Increase for the Third Quarter; Annual SAAR Remains on Pace for 17M Units

SANTA MONICA, Calif., Aug.  28, 2019  (GLOBE NEWSWIRE) --  TrueCar , Inc.’s (NASDAQ:  TRUE ) data and analytics subsidiary,  ALG , projects total new vehicle sales will reach 1,602,276 units in August, up 4.2% from a year ago when adjusted for the same number of selling days. For 2019, August sales include the entirety of Labor Day Weekend sales, while August 2018 only included up to the Friday prior to Labor Day Weekend, giving August 2019 a sales advantage. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 16.6 million units. Excluding fleet sales, ALG expects U.S. retail deliveries of new cars and light trucks to be 1,402,687 units, an increase of 3.1% from a year ago when adjusted for the same number of selling days.

News for Truecar Inc Stock (TRUE)