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Last $5.91 USD
Change Today +0.11 / 1.90%
Volume 1.1M
TRUE On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
OTC US
Berlin
As of 5:20 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

truecar inc (TRUE) Snapshot

Open
$5.82
Previous Close
$5.80
Day High
$6.16
Day Low
$5.64
52 Week High
09/5/14 - $25.00
52 Week Low
08/24/15 - $4.01
Market Cap
486.8M
Average Volume 10 Days
922.1K
EPS TTM
$-0.59
Shares Outstanding
82.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TRUECAR INC (TRUE)

truecar inc (TRUE) Details

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 time, which are used to underwrite automotive loans and leases, and by financial institutions to measure exposure and risk across loan, lease, and fleet portfolios. Further, it provides geographically specific and real-time pricing information for consumers and dealers. The company was formerly known as Zag.com Inc. TrueCar, Inc. was founded in 2005 and is based in Santa Monica, California.

463 Employees
Last Reported Date: 03/12/15
Founded in 2005

truecar inc (TRUE) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $450.0K
President and Director
Total Annual Compensation: $348.7K
Chief Financial Officer
Total Annual Compensation: $240.0K
Chief Risk Management Officer and Executive V...
Total Annual Compensation: $323.9K
Compensation as of Fiscal Year 2014.

truecar inc (TRUE) Key Developments

TrueCar, Inc. Reports Sales Results for the Month of August 2015

TrueCar, Inc. reported sales results for the month of August 2015. For the period, total light vehicle sales should reach 17.4 million units in August versus 17.3 million units a year ago, even with a slight decline in overall volume. Total new vehicle sales, including fleet deliveries, may decrease by 2.9% to 1,539,400 from 1,586,015 a year ago.

California New Car Dealers Association Files Updated Legal Action Against TrueCar

California New Car Dealers Association (CNCDA) strengthened its legal action against TrueCar for its noncompliance with various sections of the California Vehicle Code ("CVC") pertaining to dealer licensing, brokering, advertising and disclosure, by incorporating statements made in recent weeks by TrueCar leadership and others active in the automotive marketplace. In an updated filing in Los Angeles Superior Court's Santa Monica branch, CNCDA asks the court to rule that TrueCar must adhere to the same CVC rules and regulations as other auto dealers and auto brokers throughout the state of California and that TrueCar's current operations "violate the CVC sections pertaining to dealer licensing and auto broker endorsements." This updated legal action by the CNCDA follows recent legal actions against TrueCar by both TrueCar and non-TrueCar auto dealers in California and New York State, charging TrueCarwith deceptive advertising and unfair competition.

TrueCar, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter Ending September 30, 2015 and Full Year Ending December 31, 2015; Announces Management Changes

TrueCar, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of USD 65,291,000 against USD 50,497,000 a year ago. Loss from operations was USD 14,598,000 against USD 14,856,000 a year ago. Loss before provision for income taxes was USD 14,689,000 against USD 14,967,000 a year ago. Net loss was USD 14,739,000 against USD 15,034,000 a year ago. Basic and diluted net loss per share was USD 0.18 against USD 0.22 a year ago. Adjusted EBITDA was USD 477,000 against USD 1,773,000 a year ago. Non-GAAP net loss was USD 3,786,000 against USD 1,387,000 a year ago. Basic and diluted non-GAAP net loss per share was USD 0.05 against USD 0.02 a year ago. For the six months, the company reported revenues of USD 123,845,000 against USD 94,427,000 a year ago. Loss from operations was USD 25,998,000 against USD 24,374,000 a year ago. Loss before provision for income taxes was USD 26,103,000 against USD 24,638,000 a year ago. Net loss was USD 26,362,000 against USD 24,955,000 a year ago. Basic and diluted net loss per share was USD 0.32 against USD 0.39 a year ago. Adjusted EBITDA was USD 4,762,000 against USD 2,771,000 a year ago. Non-GAAP net loss was USD 3,660,000 against USD 3,906,000 a year ago. Basic and diluted non-GAAP net loss per share was USD 0.05 against USD 0.06 a year ago. For the third quarter ending September 30, 2015, the company expects revenues are expected to be in the range of USD 65.0 million to USD 67.0 million and adjusted EBITDA is expected to be breakeven. For the full year ending December 31, 2015, the company expects revenues are expected to be in the range of USD 252.0 million to USD 258.0 million and adjusted EBITDA is expected to be approximately USD 5.0 million. The company also announced that its Founder, Chief Executive Officer and Chairman, Scott Painter, will step down as CEO later the year 2015. Mr. Painter will retire when his successor takes office, which is expected to occur by year-end 2015. Mr. Painter will continue to serve as Chairman of company's Board of Directors. The company announced that Christopher Claus, former President of USAA Financial Advice & Solutions Group and a current director of TrueCar, has been named Lead Independent Director. Mr. Claus will focus on the Board's search committee to find a new CEO as well as building deeper ties with USAA.

 

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Industry Analysis

TRUE

Industry Average

Valuation TRUE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.0x
Price/Book 1.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
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