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August 05, 2015 8:49 AM ET

Internet Software and Services

Company Overview of TrueCar, Inc.

Company Overview

TrueCar, Inc. operates as an Internet-based information, technology, and communication services company. The company operates its platform on the TrueCar Website and TrueCar mobile applications. It also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for large enterprises. The company’s platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers. In addition, it provides data and consulting services regarding determination of the residual value of an automobile at future given points in...

120 Broadway

Suite 200

Santa Monica, CA 90401

United States

Founded in 2005

463 Employees

Phone:

800-200-2000

Key Executives for TrueCar, Inc.

Co-Founder, Chairman and Chief Executive Officer
Age: 46
Total Annual Compensation: $450.0K
President and Director
Age: 53
Total Annual Compensation: $348.7K
Chief Financial Officer
Age: 49
Total Annual Compensation: $240.0K
Chief Risk Management Officer and Executive Vice President
Age: 56
Total Annual Compensation: $323.9K
Compensation as of Fiscal Year 2014.

TrueCar, Inc. Key Developments

TrueCar, Inc. and Sonic Automotive Inc. Reach Settlement in Trademark Dispute

TrueCar, Inc. and Sonic Automotive, Inc. jointly announced that they have reached a settlement in TrueCar's lawsuit pending in the United States District Court in Los Angeles. In the litigation, TrueCar established its sole and exclusive rights to its TRUECAR trademark and TRUE family of trademarks and Sonic has agreed to transfer to TrueCar all rights to and use of its TRUE PRICE, TRUE VIEW and all other TRUE-related marks.

TrueCar, Inc. Provides Earnings Guidance for the Second Quarter and First Half Ended June 30, 2015; Revises Earnings Guidance for the Full Year of 2015

TrueCar, Inc. provided earnings guidance for the second quarter and first half ended June 30, 2015. For the second quarter revenue is expected to be in the range of $65.0 million to $65.3 million, with net loss expected to be in the range of $15.0 million to $15.5 million. Company's adjusted LBITDA for the second quarter is expected to be in the range of $0.20 million to adjusted EBITDA of $0.30 million. The company is reducing its 2015 full year revenue guidance to a range of $252 million to $258 million. Through the second quarter of this year, the company expects to have generated between $4.1 million and $4.6 million of Adjusted EBITDA. Given the reduction in full year revenue expectations coupled with the investment required to drive long-term growth, management expects adjusted EBITDA to be breakeven for the balance of 2015. For the first half, net loss expected to be in the range of $27.1 million to $26.6 million. Company's adjusted EBITDA is expected to be in the range of $4.1 million to $4.6 million.

TrueCar, Inc., Q2 2015 Guidance/Update Call, Jul 23, 2015

TrueCar, Inc., Q2 2015 Guidance/Update Call, Jul 23, 2015

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