TrueCar

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TrueCar is an information and technology platform that enables its users to communicate with TrueCar Certified Dealers for a hassle-free car buying experience. It empowers car buyers by giving them transparent insight into what others actually paid, upfront pricing info, a guaranteed savings certificate and a connection to a trusted TrueCar Certified Dealer to seamlessly complete the car purchase. TrueCar's transparent upfront pricing info and guaranteed savings certificate make the car-buying process simple.

TypePublic
Founded2005
HQSanta Monica, USMap
Websitetruecar.com
Employee Ratings2.7More
View Jobs (100)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)773(+13%)
Job Openings100
Revenue (FY, 2018)$353.6 M(+10%)
Share Price (Nov 2019)$3.7

Key People/Management at TrueCar

Mike Darrow

Mike Darrow

Executive Vice President of OEM and Partner Development, President of ALG
Chip Perry

Chip Perry

President and Chief Executive Officer
Neeraj Gunsagar

Neeraj Gunsagar

Executive Vice President, Chief Marketing Officer
Lucas Donat

Lucas Donat

Executive Vice President, Chief Brand Officer
Brian Skutta

Brian Skutta

Executive Vice President, Dealer Sales and Service
Tommy McClung

Tommy McClung

Executive Vice President, Chief Technology Officer
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TrueCar Office Locations

TrueCar has an office in Santa Monica
Santa Monica, US (HQ)
120 Broadway #200
Show all (1)

TrueCar Financials and Metrics

TrueCar Revenue

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TrueCar's revenue was reported to be $353.57 m in FY, 2018
USD

Revenue (Q1, 2019)

85.6m

Gross profit (Q1, 2019)

76.6m

Gross profit margin (Q1, 2019), %

89.6%

Net income (Q1, 2019)

(14.4m)

EBIT (Q1, 2019)

(15.3m)

Market capitalization (7-Nov-2019)

387.6m

Closing stock price (7-Nov-2019)

3.7

Cash (31-Mar-2019)

179.9m
TrueCar's current market capitalization is $387.6 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

206.6m259.8m277.5m323.1m353.6m

Revenue growth, %

26%7%

Cost of goods sold

17.5m23.7m25.2m28.2m31.2m

Gross profit

189.1m236.2m252.3m294.9m322.4m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

50.5m56.8m58.6m65.3m72.4m61.9m66.4m75.1m75.8m81.8m82.4m81.1m87.9m93.6m85.6m

Cost of goods sold

4.1m4.7m5.8m5.9m6.0m6.2m6.4m6.3m6.4m7.1m7.1m7.5m7.8m7.7m8.9m

Gross profit

46.4m52.1m52.8m59.4m66.5m55.6m60.1m68.8m69.4m74.7m75.4m73.6m80.1m85.8m76.6m

Gross profit Margin, %

92%92%90%91%92%90%90%92%92%91%91%91%91%92%90%
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Annual
usdY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

11.9m22.1m43.8m147.5m112.4m107.7m197.8m196.1m

Accounts Receivable

133.0m

Inventories

625.0k620.0k

Current Assets

184.5m153.0m152.9m243.6m255.5m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

111.8m113.0m143.1m126.0m123.7m106.0m103.1m103.0m114.5m181.7m196.4m195.8m198.5m217.7m179.9m

Current Assets

146.7m150.4m177.7m168.2m168.0m141.6m144.2m147.5m166.5m226.9m245.9m243.3m254.7m280.3m233.1m

PP&E

17.1m28.7m56.1m60.4m68.0m70.1m68.7m67.2m68.5m68.4m68.4m71.4m71.0m69.2m34.4m

Goodwill

53.3m53.3m53.3m53.3m53.3m53.3m53.3m53.3m53.3m53.3m53.3m53.3m53.3m53.3m73.3m
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Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(48.4m)(64.9m)(41.7m)(32.8m)(28.3m)

Depreciation and Amortization

13.0m17.3m23.2m22.4m22.7m

Accounts Payable

3.4m5.3m(4.6m)4.8m7.5m

Cash From Operating Activities

103.7m(35.2m)2.8m22.1m24.8m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

(25.0m)(38.6m)(11.6m)(26.4m)(37.5m)(11.7m)(26.3m)(33.8m)(6.8m)(14.9m)(24.4m)(9.1m)(15.7m)(21.9m)(14.4m)

Depreciation and Amortization

5.9m9.2m3.9m8.0m12.5m5.9m11.7m17.7m6.1m11.7m17.5m5.2m10.8m16.8m6.4m

Accounts Payable

491.0k3.3m(683.0k)(274.0k)7.3m(6.1m)(4.4m)(5.1m)(3.3m)4.2m7.4m(1.1m)(232.0k)8.1m(5.6m)

Cash From Operating Activities

(6.4m)(4.9m)(3.2m)(12.5m)(9.7m)(490.0k)(2.1m)(2.6m)5.0m12.7m16.9m3.4m8.6m16.0m7.6m
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USDY, 2019

Financial Leverage

1.3 x
Show all financial metrics

TrueCar Revenue Breakdown

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TrueCar revenue breakdown by business segment: 93.5% from Transaction Revenue and 6.5% from Forecasts, Consulting and Other Revenue

TrueCar Online and Social Media Presence

TrueCar's Trends

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TrueCar News and Updates

November 01, 2019

Global Online Automotive Retail Market Report 2019-2023 Featuring Cars.Com Inc., CarGurus, TrueCar and COX Enterprises

DUBLIN, Nov. 1, 2019 /PRNewswire/ -- The "Global Online Automotive Retail Market: Size, Trends & Forecasts (2019-2023)" report has been added to ResearchAndMarkets.com's offering. Global Online Automotive Retail Market: Size, Trends & Forecasts (2019-2023), provides in-depth analysis of...
July 19, 2019

TrueCar to Announce Second Quarter Financial Results on August 8

SANTA MONICA, Calif., July 19, 2019 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ:TRUE) will report its financial results for the second quarter ended June 30, 2019 on Thursday, August 8, 2019, following the close of market.
June 29, 2019

TrueCar Aquires Priceflow Technology and Talent

SANTA MONICA, Calif., (June, 28, 2019) – TrueCar, Inc.’s (NASDAQ: TRUE) announced the acquisition of Priceflow’s machine-learning powered used car pricing assets and the hiring of Matt Mullens and Bryan Galvin who join as Director of Data Science, Product Analytics and Director of Data Science, Mach…
June 03, 2019

TrueCar shares slide 14% on news CEO Chip Perry has resigned

TrueCar Inc. shares slid 14% Monday, after the online car-pricing company said Chief Executive Chip Perry has retired. The board has named Michael Darrow as interim CEO. Darrow is currently executive vice president of Partner and OEM Development and President of ALG, an industry authority on automo…
June 03, 2019

TrueCar Announces Retirement of CEO Chip Perry

SANTA MONICA, Calif., June 3, 2019 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE) announced today that Chip Perry, its President and Chief Executive Officer, has retired. TrueCar is planning for Mr. Perry to continue supporting the Company in an advisory capacity. "I feel beyond proud of...
May 28, 2019

Noel B. Watson Joins TrueCar as Chief Financial Officer

SANTA MONICA, Calif., May 28, 2019 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE) announced today that Noel B. Watson has been appointed EVP and Chief Financial Officer. Based in Santa Monica, he will report directly to Chip Perry, President & Chief Executive Officer.
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TrueCar Blogs

November 06, 2019

Best Cars for the New Gig Economy

These days, it seems like everyone has a side hustle—from the more commonly known work of driving rideshares and running errands through TaskRabbit, to newer gigs, like being a “Bird hunter” who charges e-scooters, delivering groceries, and many more. Although there are many different types of gigs …
November 06, 2019

Best Automotive Window Cleaner

No matter how you drive, a car will inevitably pick up its share of undesirables. That includes dust, bugs, and everything in between. To help maximize your visibility while driving and keep your car looking sharp, you should always keep your windshield free of obstructions. If you’re looking for a …
October 31, 2019

Winter Warriors: Top Deals on AWD and 4WD Vehicles

With winter just around the corner, you’ll want to make sure your vehicle is prepared to handle all that Mother Nature can throw its way. Fortunately for you, we’ve come up with a list of vehicles that are ready to tackle winter with the latest safety tech and features – to make sure that you […] Th…
October 28, 2019

GM Strike and Lower Automaker Incentive Spend Contribute to Dip in October New Car Auto Sales, TrueCar’s ALG Forecasts

SANTA MONICA, Calif., Oct. 28, 2019 (GLOBE NEWSWIRE) -- TrueCar , Inc.’s (NASDAQ: TRUE ) data and analytics subsidiary, ALG , projects total new vehicle sales will reach 1,339,420 units in October 2019 , down 4.7% from a year ago when adjusted for the same number of selling days.
October 26, 2019

How to Increase Your Horsepower

Modern cars are quite fast right off the showroom floor, but that doesn’t stop many enthusiasts from trying to squeeze every bit of performance out of them. From mild to wild, there are a variety of ways to add some extra power to your vehicle.    Popular Methods to Increase Your Engine’s Horsepower…
October 25, 2019

Driven To Make A Difference

Mobility is a gift that most of us often take for granted. While it seems easy to just hop in the car and run to the store, for a large number of veterans this is a difficult task. According to the U.S. Department of Labor, 4.7 million veterans have a service-connected disability. While this communi…
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 TrueCar Frequently Asked Questions

  • When was TrueCar founded?

    TrueCar was founded in 2005.

  • Who are TrueCar key executives?

    TrueCar's key executives are Mike Darrow, Chip Perry and Neeraj Gunsagar.

  • How many employees does TrueCar have?

    TrueCar has 773 employees.

  • What is TrueCar revenue?

    Latest TrueCar annual revenue is $353.6 m.

  • What is TrueCar revenue per employee?

    Latest TrueCar revenue per employee is $457.4 k.

  • Who are TrueCar competitors?

    Competitors of TrueCar include Cox Automotive, Kelley Blue Book and Cars.com.

  • Where is TrueCar headquarters?

    TrueCar headquarters is located at 120 Broadway #200, Santa Monica.

  • Where are TrueCar offices?

    TrueCar has an office in Santa Monica.

  • How many offices does TrueCar have?

    TrueCar has 1 office.