OverviewSuggest Edit
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.
| Type | Public | |
| Founded | 2005 | |
| HQ | Santa Monica, CA, US | Map |
| Website | truecar.com | |
| Employee Ratings | More | |
| Overall Culture | C- | More |
Recent NewsAll News
- TrueCar Shares Best Cash, Lease and Finance Deals on New Vehicles for May 2021
- TrueCar Makes Donation to DAV and Announces Dealership Winners of $21K Challenge From NADA
- Used Vehicle Market Size to Hit USD 1,917.35 Billion at 1.64% CAGR; Leading Players Such as Asbury and TrueCar to Concentrate on Augmenting Sales via Online Platforms: Fortune Business Insights™
- TrueCar Shares Best End-of-Month Cash, Lease and Finance Deals on New Vehicles for February 2021
Key People/Management at TrueCar
Mike Darrow
President and Chief Executive Officer
Jantoon Reigersman
Chief Financial Officer
John Foster
Executive Vice President, People
Beth Mach
Chief Consumer Officer
Elias Rokos
Chief Technology Officer
Jeff Swart
Executive Vice President & General Counsel
TrueCar Office Locations
TrueCar has an office in Santa Monica
Santa Monica, CA, US (HQ)
120 Broadway #200
TrueCar Financials and Metrics
TrueCar Revenue
TrueCar's revenue was reported to be $278.68 m in FY, 2020
| USD | |
|---|---|
Revenue (Q1, 2021) | 65.1m |
Net income (Q1, 2021) | (8.4m) |
EBIT (Q1, 2021) | (8.6m) |
Market capitalization (11-Jun-2021) | 522.0m |
Closing stock price (11-Jun-2021) | 5.3 |
Cash (31-Mar-2021) | 274.6m |
EV | 282.9m |
TrueCar's current market capitalization is $522 m.
Annual
Quarterly
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 50.5m | 56.8m | 58.6m | 65.3m | 72.4m | 61.9m | 66.4m | 75.1m | 75.8m | 81.8m | 82.4m | 81.1m | 87.9m | 93.6m | 85.6m | 88.1m | 90.6m | 83.5m | 62.7m | 77.2m | 65.1m |
Cost of goods sold | 4.1m | 4.7m | 5.8m | 5.9m | 6.0m | 6.2m | 6.4m | 6.3m | 6.4m | 7.1m | 7.1m | 7.5m | 7.8m | 7.7m | 8.9m | 8.3m | 8.4m | 7.2m | |||
Gross profit | 46.4m | 52.1m | 52.8m | 59.4m | 66.5m | 55.6m | 60.1m | 68.8m | 69.4m | 74.7m | 75.4m | 73.6m | 80.1m | 85.8m | 76.6m | 79.7m | 82.2m | 76.3m | |||
Gross profit Margin, % | 92% | 92% | 90% | 91% | 92% | 90% | 90% | 92% | 92% | 91% | 91% | 91% | 91% | 92% | 90% | 91% | 91% | 91% |
Annual
Quarterly
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 111.8m | 113.0m | 143.1m | 126.0m | 123.7m | 106.0m | 103.1m | 103.0m | 114.5m | 181.7m | 196.4m | 195.8m | 198.5m | 217.7m | 179.9m | 176.6m | 172.5m | 182.9m | 173.1m | 178.7m | 274.6m |
Accounts Receivable | 24.8m | 29.0m | 28.9m | 30.6m | 37.4m | 29.9m | 32.7m | 35.9m | 35.9m | 37.1m | 39.6m | 37.3m | 42.8m | 47.4m | 38.4m | 49.3m | 45.6m | 40.1m | 41.5m | 40.7m | 28.3m |
Prepaid Expenses | 6.9m | 6.2m | 4.6m | 8.5m | 5.1m | 5.1m | 7.4m | 7.2m | 7.2m | 7.1m | 7.1m | 5.6m | 8.4m | 9.3m | 7.1m | 9.0m | 8.3m | 6.4m | 8.3m | 7.2m | 4.9m |
Current Assets | 146.7m | 150.4m | 177.7m | 168.2m | 168.0m | 141.6m | 144.2m | 147.5m | 166.5m | 226.9m | 245.9m | 243.3m | 254.7m | 280.3m | 233.1m | 268.9m | 261.3m | 233.5m | 228.7m | 259.8m | 311.8m |
Annual
Quarterly
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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) | (38.4m) | (46.1m) | (10.7m) | (21.9m) | (10.3m) | (8.4m) |
Depreciation and Amortization | 5.9m | 9.2m | 3.9m | 8.0m | 12.5m | 5.9m | 11.7m | 17.7m | 6.1m | 11.7m | 17.5m | 5.2m | 10.8m | 16.8m | 6.4m | 13.2m | 19.4m | 6.3m | 12.7m | 15.3m | 4.3m |
Accounts Payable | 491.0k | 3.3m | (683.0k) | (274.0k) | 7.3m | (6.1m) | (4.4m) | (5.1m) | (3.3m) | 4.2m | 7.4m | (1.1m) | (232.0k) | 8.1m | (5.6m) | (5.8m) | (4.8m) | (3.7m) | (11.3m) | (8.2m) | 717.0k |
Cash From Operating Activities | (6.4m) | (4.9m) | (3.2m) | (12.5m) | (9.7m) | (490.0k) | (2.1m) | (2.6m) | 5.0m | 12.7m | 16.9m | 3.4m | 8.6m | 16.0m | 7.6m | 7.2m | 7.3m | 5.6m | 1.7m | 23.7m | 5.5m |
TrueCar Operating Metrics
| Q1, 2014 | Q2, 2014 | Q3, 2014 | Q4, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q4, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Unit Sales | 126 k | 150 k | 172 k | 163 k | 169 k | 190 k | 208 k | 183 k | 175 k | 193 k | 221 k | 219 k | 218 k | 242 k | 254 k |
Average Monthly Unique Visitors | 3.9 m | 4.2 m | 4.6 m | 4.4 m | 5.5 m | 6 m | 6.6 m | 5.9 m | 6.7 m | 6.7 m | 7.6 m | 7 m | 7.3 m | 7.2 m | 7.7 m |
Monetization | $317 | $308 | $303 | $314 | $322 | $317 | $324 | $324 | $328 | $321 | $319 | $320 | $324 | $319 | $306 |
Franchise Dealer Count | 7.21 k | 7.68 k | 8.15 k | 8.5 k | 9.11 k | 9.3 k | 8.7 k | 9.09 k | 9.28 k | 10.14 k | 10.76 k | 11.15 k | 11.73 k | 12.2 k | 12.29 k |
TrueCar Revenue Breakdown
TrueCar revenue breakdown by business segment: 93.5% from Transaction Revenue and 6.5% from Forecasts, Consulting and Other Revenue
TrueCar Cybersecurity Score
TrueCar Environment, Social & Governance (ESG) Ratings
TrueCar Online and Social Media Presence
20.48k Twitter followers
TrueCar has 20.48k Twitter Followers. The number of followers has increased 0.3% month over month and increased 2.4% quarter over quarter
TrueCar's Trends
Twitter Engagement Stats for @TrueCar
18.4k
Tweets
3.2k
Following
20.5k
Followers
39
Tweets last 30 days
0.7
Avg. likes per Tweet
41%
Tweets with engagement
TrueCar Company Culture
Overall Culture
C-
63/100
CEO Rating
B-
71/100
Compensation
A-
83/100
Diversity
D
57/100
TrueCar News and Updates
May 20, 2021
TrueCar Shares Best Cash, Lease and Finance Deals on New Vehicles for May 2021
SANTA MONICA, Calif., May 20, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, shares its list of best cash, lease and finance deals on new cars for May 2021. "Vehicle supply continues to be adversely impacted by the...
March 15, 2021
TrueCar Makes Donation to DAV and Announces Dealership Winners of $21K Challenge From NADA
SANTA MONICA, Calif., March 15, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announces a donation to DAV (Disabled American Veterans) and the four nonprofit organizations of choice from the winning dealerships of...
March 08, 2021
Used Vehicle Market Size to Hit USD 1,917.35 Billion at 1.64% CAGR; Leading Players Such as Asbury and TrueCar to Concentrate on Augmenting Sales via Online Platforms: Fortune Business Insights™
Used Vehicle Market Key Players Studied in this Report are OLX (India), eBay Inc. (California, United States),Cox Automotive (Georgia, United States), CarMax Business Services, LLC (United States), AutoNation Inc. (Florida, United States), Asbury Automotive Group (Georgia, United States), Alibaba.co…
February 18, 2021
TrueCar Shares Best End-of-Month Cash, Lease and Finance Deals on New Vehicles for February 2021
SANTA MONICA, Calif., Feb. 18, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, today announced its list of the best end-of-month deals on new and used vehicle purchases and trade-in values for February 2021. "Used...
February 10, 2021
TrueCar Partners with HyreCar to Provide its Car-Sharing Marketplace with a Modern Digital Car Buying and Trade-In Solution
SANTA MONICA, Calif. and LOS ANGELES, Feb. 10, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent way to find a car and HyreCar Inc. (NASDAQ: HYRE), the car-sharing marketplace for ridesharing, food, and package delivery services, today announced their...
January 28, 2021
TrueCar and OnePoll Study Reveals American Attitudes about Learning to Drive and Teaching Someone Else to Drive
SANTA MONICA, Calif., Jan. 28, 2021 /PRNewswire/ -- TrueCar, Inc., (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, commissioned One Poll to conduct a study that would uncover how Americans experienced learning to drive and teaching someone else to...
TrueCar Blogs
June 24, 2021
The Pros and Cons of Certified Pre-Owned Vehicles
There are more than a few things you should know before buying a used car, but with a little luck you can find a vehicle that represents an outstanding value. In recent years, a new category has appeared, one that helps inspire confidence while offering a great value. It’s not new or used, but certi…
June 17, 2021
10 Best Cars for Every Dad
The post 10 Best Cars for Every Dad appeared first on TrueCar Blog.
June 15, 2021
What to Know Before Buying a Used Car This Year
The post What to Know Before Buying a Used Car This Year appeared first on TrueCar Blog.
June 11, 2021
Why you Should Consider Leasing a Vehicle
The post Why you Should Consider Leasing a Vehicle appeared first on TrueCar Blog.
June 09, 2021
4WD and AWD: Do You Need Them?
When purchasing a new car, it’s tempting to sign up for as many extras as possible. If you’re like most people, you’re expecting this new car to last the next 11 years or so. After all, it can be tough to get stuck with a car that’s limited to basic functionality. That’s a logical line […]
The post …
June 08, 2021
Best Cars for Road Trips
The post Best Cars for Road Trips appeared first on TrueCar Blog.
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, Jantoon Reigersman and John Foster.
How many employees does TrueCar have?
TrueCar has 773 employees.
What is TrueCar revenue?
Latest TrueCar annual revenue is $278.7 m.
What is TrueCar revenue per employee?
Latest TrueCar revenue per employee is $360.5 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.
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