TrueCar (TRUE) reported earnings on Thur 8 Aug 2019 (a/h)

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TrueCar (TRUE) reported earnings on Thur 14 Feb 2019 (a/h)

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Missed on Q4 EPS and revs and issued downside guidance for Q1 and FY19 revs; average monthly unique visitors to co's site decreased 10% year/year to 6.5 mln in the quarter. Downgraded at RBC Capital Mkts (to Sector Perform), B. Riley FBR (to Neutral), and Craig Hallum (to Hold). Also acquired 20% stake in vehicle appraisal technology company Accu-Trade. At two-year lows.

TrueCar misses by $0.02, misses on revs; guides Q1 revs below consensus; guides FY19 revs below consensus

• Reports Q4 (Dec) earnings of $0.03 per share, $0.02 worse than the S&P Capital IQ Consensus of $0.05; revenues rose 9.6% year/year to $91.1 mln vs the $96.03 mln S&P Capital IQ Consensus.  Average monthly unique visitors decreased 10% to 6.5 million in the fourth quarter of 2018, down from approximately 7.3 million in the fourth quarter of 2017. In FY 2018, average monthly unique visitors increased 2% to approximately 7.5 million, up from 7.4 million in FY 2017. Units were 257,017 in the fourth quarter of 2018, up from 239,521 in the fourth quarter of 2017.
• Co issues downside guidance for Q1, sees Q1 revs of $84-86 mln vs. $93.07 mln S&P Capital IQ Consensus. Q1 Guidance: Adjusted EBITDA is expected to be in the range of $3 million to $5 million.
• Co issues downside guidance for FY19, sees FY19 revs of $371-378 mln vs. $410.27 mln S&P Capital IQ Consensus.  FY19 Guidance: Adjusted EBITDA is expected to be in the range of $35 million to $40 million.

TrueCar also acquires a 20% stake in vehicle appraisal technology company Accu-Trade, LLC; terms not disclosed

Accu-Trade's mobile-first product offering, leveraging Galves Market Data, provides instant, VIN-specific appraisals anytime and on any device with insights including real-time mileage, option, history, and condition-specific valuation adjustments; local market data, common problems, recall notices, and historical trends; and vehicle history reports and guidebook integrations.

TrueCar (TRUE) reported earnings on Tue 6 Nov 2018 (a/h)

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TrueCar misses by $0.01, reports revs in-line; guides Q4 revs below consensus 

• Reports Q3 (Sep) earnings of $0.04 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $0.05; revenues rose 13.5% year/year to $93.59 mln vs the $93.89 mln S&P Capital IQ Consensus.
  • Third quarter Adjusted EBITDA(2) of $10.0 million, representing an Adjusted EBITDA margin(3) of 10.7%, compared to Adjusted EBITDA of $8.0 million, representing an Adjusted EBITDA margin of 9.7%, in the third quarter of 2017.
  • Units(4) were 268,026 in the third quarter of 2018, up 6% from 253,527 in the third quarter of 2017.
• Co issues downside guidance for Q4, sees Q4 revs of $95.5-97.5 mln vs. $98.83 mln S&P Capital IQ Consensus.
  • Units are expected to be in the range of 262,000 to 267,000.
  • Adjusted EBITDA is expected to be in the range of $10.0 million to $11.0 million.

TrueCar (TRUE) reported earnings on Thur 9 Aug 2018 (a/h)

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TrueCar reports EPS in-line, revs in-line; guides Q3 revs in-line; guides FY18 revs in-line 

• Reports Q2 (Jun) earnings of $0.03 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.03; revenues rose 7.4% year/year to $87.85 mln vs the $87.81 mln Capital IQ Consensus.
  • Units were 250,269 in Q2, up 3% from 242,130 in 2Q17.
• Co issues in-line guidance for Q3, sees Q3 revs of $93-95 mln vs. $94.58 mln Capital IQ Consensus Estimate.
• Co issues in-line guidance for FY18, sees FY18 revs of $360-365 mln vs. $361.28 mln Capital IQ Consensus Estimate. Units are expected to be in the range of 1,030,000 to 1,040,000.

TrueCar Inc. (TRUE) reported earnings on Mon 6 Nov 2017 (a/h)

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TrueCar reports EPS in-line, misses on revs; guides Q4 revs below consensus 

• Reports Q3 (Sep) earnings of $0.02 per share, in-linewith the Capital IQ Consensus of $0.02; revenues rose 9.7% year/year to $82.4 mln vs the $86.82 mln Capital IQ Consensus.
• Units were 253,527 in 3Q17, up 15% from 220,633 in 3Q16.
• Franchise dealer count was 12,286 as of September 30, 2017, a record and an increase from 12,204 as of June 30, 2017.
• Independent dealer count was 2,938 as of September 30, 2017, a record and an increase from 2,860 as of June 30, 2017. 
• Co issues downside guidance for Q4, sees Q4 revs of $81-$83 mln vs. $84.11 mln Capital IQ Consensus Estimate. Sees units of 240-245K. Sees Adjusted EBITDA in the range of $6.0-$7.0 million. 

TrueCar Inc. (TRUE) reported earnings on Tue 8 Aug 2017 (a/h)

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TrueCar beats by $0.01, beats on revs; guides Q3 revs below consensus; guides FY17 revs in-line(19.51 -0.17)

• Reports Q2 (Jun) earnings of $0.01 per share, excluding non-recurring items, $0.01 better thanthe Capital IQ Consensus of ($0.00); revenues rose 23.2% year/year to $81.82 mln vs the $80.75 mln Capital IQ Consensus.
  • Units were 242,130 in Q2 up 26% YoY
• Co issues downside guidance for Q3, sees Q3 revs of $85-87 mln vs. $87.3 mln Capital IQ Consensus Estimate. Co guides to units of 265,000-270,000.
• Co issues in-line guidance for FY17, sees FY17 revs of $325-329 mln vs. $327.23 mln Capital IQ Consensus Estimate. Co guides to units of 975,000 to 985,000, .up from prior guidance of 950-960K.
• "Despite the bigger picture trends in automotive, we set records in nearly every major financial and operating metric in the second quarter...The momentum that we have been building over the past few quarters at TrueCar is continuing quite nicely."

TrueCar Inc. (TRUE) reported earnings on Thur 16 Feb 2017 (a/h)

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SANTA MONICA, Calif. (AP) _ TrueCar Inc. (TRUE) on Thursday reported a loss of $8 million in its fourth quarter.

The Santa Monica, California-based company said it had a loss of 9 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The provider of localized information on new car costs posted revenue of $74.1 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $71.1 million.

For the year, the company reported that its loss narrowed to $41.7 million, or 49 cents per share. Revenue was reported as $277.5 million.

For the current quarter ending in April, TrueCar said it expects revenue in the range of $71 million to $73 million.

The company expects full-year revenue in the range of $315 million to $320 million.

TrueCar shares have increased 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.25, more than doubling in the last 12 months.

TrueCar (TRUE) reported earnings Thur 18 Feb 2016 (a/h)

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 TrueCar misses by $0.02, misses on revs; guides Q1 & FY16 revs below consensus  :

Reports Q4 (Dec) loss of $0.06 per share, $0.02 worse than the Capital IQ Consensus of ($0.04); revenues rose 14.6% year/year to $63.59 mln vs the $65.28 mln Capital IQ Consensus.

• Co issues downside guidance for Q1, sees Q1 revs of $60-62 mln vs. $70.21 mln Capital IQ Consensus Estimate. Adjusted EBITDA is expected to be breakeven.
• Co issues downside guidance for FY16, sees FY16 revs of $270-275 mln vs. $309.74 mln Capital IQ Consensus Estimate. Adjusted EBITDA is expected to be breakeven.
• Franchise dealer count was 9,094 as of December 31, 2015, representing approximately 29% of all new car franchises and an increase from 8,702 as of September 30, 2015.
• Average monthly unique visitors was 5.9 million in the fourth quarter of 2015, up from approximately 4.4 million in the fourth quarter of 2014. In FY 2015, average monthly unique visitors increased 40% to approximately 6.0 million, up from 4.3 million in FY 2014.

TrueCar (TRUE) reported earnings on Thur 5 Nov 2015 (after close)

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TrueCar Inc., the struggling online car-shopping portal, said Thursday that its third-quarter loss narrowed from a year earlier on a 28% jump in revenue.

That led the Santa Monica company to slightly raise its financial projections for the year. TrueCar also said its users bought a record 208,034 vehicles in the third quarter, a 21% increase from a year earlier.

TrueCar's website helps consumers shop for and price cars from about 10,000 dealers in its network. TrueCar takes a $299 cut from each new-car transaction and $399 for used vehicles.

The company said it lost $11.1 million in the third quarter, compared with a $13.6-million loss a year earlier.