January 20, 2017 8:31 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. 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...

120 Broadway

Suite 200

Santa Monica, CA 90401

United States

Founded in 2005

574 Employees



Key Executives for TrueCar, Inc.

Chief Executive Officer, President and Director
Age: 62
Total Annual Compensation: $139.5K
Chief Financial Officer
Age: 51
Total Annual Compensation: $469.4K
Compensation as of Fiscal Year 2015.

TrueCar, Inc. Key Developments

TrueCar provides U.S. Revenue Guidance for the Month of November 2016

TrueCar provided U.S. revenue guidance for the month of November 2016. The company is estimating that U.S. new vehicle revenue will hit $45 billion in November, a 1.6% jump from the prior year. The online car marketplace said automakers will likely report a $712 million jump in November revenue this year because of an additional two selling days. The jump comes counter to lower average transaction prices, which were down 1.9% to an estimated $32,667 in November, compared to last year.

TrueCar, Inc. Provides Revenue Guidance for the Month of November 2016

TrueCar, Inc. provided revenue guidance for the month of November 2016. For the period, the company expects total vehicle sales to be up 3.6% from a year ago in November to 1,366,900 units. Adjusted annualized rate is projected at $17.66 million units, down from $18.25 million a year earlier. It also expects U.S. retail deliveries of new cars and trucks may be down 3.8% to $1,189,914. Incentive spending was up 13% from a year earlier to an average $3,475 per car in November, 2016.

TrueCar, Inc. Presents at RBC Capital Markets Technology, Internet, Media and Telecommunications Conference, Nov-10-2016 09:20 AM

TrueCar, Inc. Presents at RBC Capital Markets Technology, Internet, Media and Telecommunications Conference, Nov-10-2016 09:20 AM. Venue: The Westin Times Square, New York, New York, United States. Speakers: Victor Anthony Perry, Chief Executive Officer, President and Director.

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