July 23, 2017 11:20 AM ET

Internet Software and Services

Company Overview of TrueCar, Inc.

Company Overview

TrueCar, Inc., together with its subsidiaries, operates as an Internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar Website and mobile applications. The company 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. Its 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, the company offers forecast, consulting, and other services regarding determination of the re...

120 Broadway

Suite 200

Santa Monica, CA 90401

United States

Founded in 2005

650 Employees

Phone:

800-200-2000

Key Executives for TrueCar, Inc.

Chief Executive Officer, President and Director
Age: 63
Total Annual Compensation: $1.6M
Chief Financial Officer
Age: 52
Total Annual Compensation: $688.4K
Chief Marketing Officer and Executive Vice President
Age: 40
Total Annual Compensation: $631.8K
Compensation as of Fiscal Year 2016.

TrueCar, Inc. Key Developments

TrueCar, Inc. Presents at Stephens 2017 Spring Investment Conference, Jun-06-2017 01:00 PM

TrueCar, Inc. Presents at Stephens 2017 Spring Investment Conference, Jun-06-2017 01:00 PM. Venue: Lotte New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.

TrueCar, Inc. Partners with eBay Motors to Launch a New Car Buying Program

TrueCar, Inc. announced new partnership with eBay Motors to provide new car buying service for eBay’s shoppers. The program, powered by TrueCar, gives eBay shoppers pricing information from TrueCar Dealers for new cars. Further, this enables eBay shoppers to engage with TrueCar Certified Dealers for the purchase of a new vehicle. TrueCar’s differentiated new vehicles buying program provides another option for eBay Motors shoppers to quickly compare prices. Coupled with eBay Motors newly improved homepage, shoppers have access to enhanced search and browsing features for a robust selection of new vehicles. eBay shoppers will be able to link to the TrueCar experience directly from the eBay Motors newly improved homepage.

TrueCar, Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter Ending June 30, 2017 and Full Year Ending December 31, 2017

TrueCar, Inc. announced unaudited consolidated earnings results for first quarter ended March 31, 2017. For the quarter, the company reported revenues of $75,757,000, loss from operations of $6,158,000, loss before provision for income taxes of $6,674,000, net loss of $6,795,000 or $0.08 per basic and diluted share, non-GAAP net loss of $671,000 or $0.01 per basic and diluted share, adjusted EBITDA of $6,050,000 compared to the revenues of $61,860,000, loss from operations of $11,016,000, loss before provision for income taxes of $11,531,000, net loss of $11,667,000 or $0.14 per basic and diluted share, non-GAAP net loss of $5,503,000 or $0.07 per basic and diluted share, adjusted EBITDA of $1,052,000 for the same quarter a year ago. For the second quarter ending June 30, 2017, units are expected to be in the range of 235,000 to 240,000, revenues are expected to be in the range of $79.0 million to $81.0 million, adjusted EBITDA is expected to be in the range of $6.0 million to $7.0 million. For the full year ending December 31, 2017, units are expected to be in the range of 950,000 to 960,000, revenues are expected to be in the range of $322.0 million to $327.0 million and adjusted EBITDA is expected to be in the range of $23.0 million to $26.0 million.

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