TrueCar, Inc., together with its subsidiaries, 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, the company provides forecast, consulting, and other services regarding determination of the res...
Santa Monica, CA 90401
Founded in 2005
TrueCar, Inc. Names Paul Edmonds as Senior Vice President of Dealer Marketing and Operations
May 23 16
TrueCar, Inc. has added automotive retail veteran Paul Edmonds as senior vice president of dealer marketing and operations to help dealers across the TrueCar Certified Dealer network gain maximum value from the service. Edmonds comes to TrueCar from RiskIQ, where he built and led customer success teams. Prior to that, he spent 15 years in various roles at AutoTrader.com and Trader Publishing Company. He joins TrueCar this month amid the company’s broad expansion of dealer support and services, including the addition of at least 100 field service consultants. He will report to Executive Vice President of Dealer Sales and Service Brian Skutta. Edmonds held account management, sales and training positions at AutoTrader.com, and executive roles including vice president of sales operations and new business initiatives. He was a divisional vice president of sales for the company prior to joining San Francisco-based RiskIQ in December 2014.
TrueCar, Inc. Presents at 44th Annual J.P. Morgan Global Technology, Media and Telecom Conference, May-23-2016 09:20 AM
May 18 16
TrueCar, Inc. Presents at 44th Annual J.P. Morgan Global Technology, Media and Telecom Conference, May-23-2016 09:20 AM. Venue: Westin Copley Place, 10 Huntington Ave, Boston, MA 02116, United States. Speakers: Victor Anthony Perry, Chief Executive Officer, President, Director and Member of Disclosure Committee.
TrueCar, Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2016 ; Provides Earnings Guidance for the Second Quarter and Full Year of 2016
May 5 16
TrueCar, Inc. announced unaudited consolidated earnings results for first quarter ended March 31, 2016. For the quarter, the company reported 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 compared to the revenues of $58,554,000, loss from operations of $11,400,000, loss before provision for income taxes of $11,414,000, net loss of $11,623,000 or $0.14 per basic and diluted share, non-GAAP net income of $126,000 adjusted EBITDA of $4,285,000 for the same quarter a year ago.
For the second quarter ending June 30, 2016, units are expected to be in the range of 185,000 to 190,000, revenues are expected to be in the range of $64 million to $66 million, adjusted EBITDA is expected to be a loss of $2 million to $3 million.
For the full year ending December 31, 2016 revenues are expected to be in the range of $270 million to $275 million and adjusted EBITDA is expected to be breakeven.