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

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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., Nov. 18, 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 November 2021.

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

TrueCar, Inc. (TRUE) CEO Mike Darrow on Q3 2021 Results - Earnings Call Transcript

SANTA MONICA, Calif., Nov. 10, 2021 /PRNewswire/ --  TrueCar , Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, is partnering with DAV (Disabled American Veterans) and AutoNation, America's largest and most admired automotive retailer, to award a much needed new vehicle to Colonel Greg Gadson through its TrueCar Military DrivenToDrive initiative.

TrueCar Military Awards Veteran with Brand New Retrofitted Vehicle Through 5th Annual DrivenToDrive Initiative

SANTA MONICA, Calif., Nov. 3, 2021 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) today announced financial results for the third quarter ended September 30, 2021 in its inaugural stockholder letter, which is available on the TrueCar investor relations website here.

TrueCar Releases Third Quarter 2021 Financial Results and Stockholder Letter

SANTA MONICA, Calif., Oct. 28, 2021 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) today announced the election of Faye Iosotaluno, Chief Strategy Officer at Match Group, to its Board of Directors.

TrueCar Appoints Faye Iosotaluno to its Board of Directors

TrueCar (TRUE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: TrueCar (TRUE) Q3 Earnings Expected to Decline

SANTA MONICA, Calif., Oct. 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 1,054,312 units in October 2021, down 20% from a year ago and down 3% vs.

TrueCar Forecasts a Continued Decline in Industry Sales for October 2021 Amid Vehicle Shortages

SANTA MONICA, Calif., Oct. 22, 2021 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) will report financial results for the third quarter ended September 30, 2021 on  Wednesday, November 3, 2021 after market close, in its inaugural stockholder letter that will be accessible on the Investor Relations section of the company's website at ir.truecar.com.

TrueCar to Announce Third Quarter 2021 Results in Inaugural Stockholder Letter on November 3

SANTA MONICA, Calif., Oct. 21, 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 October 2021.

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

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SANTA MONICA, Calif., Sept. 29, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, forecasts total new vehicle sales will reach 1,007,396 units in September 2021, down 25% from a year ago and down 8% vs.

TrueCar Forecasts Fifth Consecutive Month of Slowing Vehicle Sales Across the Industry for September 2021

SANTA MONICA, Calif., Sept. 24, 2021 /PRNewswire/ -- TrueCar , Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, today announced a new experience powered by Capital One that allows eligible shoppers to pre-qualify for auto financing through participating lenders Capital One and Westlake Financial, as they begin their car-buying journey with TrueCar Certified Dealers.

TrueCar Launches Pre-Qualification Experience Powered by Capital One to Enhance the Car Shopping Journey

SANTA MONICA, Calif., Sept. 23, 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 September 2021.

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

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SANTA MONICA, Calif., Aug. 26, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, forecasts total new vehicle sales will reach 1,212,399 units in August 2021, down 4% from a year ago but up 1% vs.

TrueCar Forecasts Fourth Consecutive Month of Slowing Vehicle Sales for August 2021

SANTA MONICA, Calif., Aug. 23, 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 August 2021.

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

TrueCar, Inc. (TRUE) CEO Mike Darrow on Q2 2021 Results - Earnings Call Transcript

TrueCar (TRUE) delivered earnings and revenue surprises of 100.00% and -0.10%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

TrueCar (TRUE) Reports Break-Even Earnings for Q2

SANTA MONICA, Calif., Aug. 5, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE) today announced its financial results for the second quarter ended June 30, 2021.

TrueCar Reports Second Quarter 2021 Financial Results

Online car retailer TrueCar is now working with AutoFi to give customers more advanced ways to explore auto financing. With the partnership, those who have configured payments with TrueCar will be able to apply for financing through the dealer of their own choice.

TrueCar Teams With AutoFi On Streamlining Auto Financing

SANTA MONICA, Calif., Aug. 4, 2021 /PRNewswire/ --  TrueCar , Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, has teamed up with AutoFi , the leading commerce platform for end-to-end digital automotive sales and financing, to provide customers with an easy and seamless process to explore auto financing directly from the TrueCar marketplace.

TrueCar Teams Up with AutoFi to Provide Car Shoppers a Seamless Financing Experience

Earnings Preview: TrueCar (TRUE) Q2 Earnings Expected to Decline

SANTA MONICA, Calif., July 29, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, forecasts total new vehicle sales will reach 1,292,064 units in July 2021, up just 1% from a year ago but down 8% vs.

TrueCar Forecasts Third Consecutive Month of Slowing Vehicle Sales for July 2021

SANTA MONICA, Calif., July 22, 2021 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) will report its financial results for the second quarter ended June 30, 2021 on Thursday, August 5, 2021, following the close of market.

TrueCar to Announce Second Quarter Financial Results on August 5

SANTA MONICA, Calif., July 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 July 2021.

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