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
HQ
Santa Monica, US
Founded
2005
Size (employees)
650 (est)
TrueCar was founded in 2005 and is headquartered in Santa Monica, US
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Key People/Management at TrueCar

Scott Painter

Scott Painter

Founder, CEO & Board Chairman
Mike Guthrie

Mike Guthrie

CFO
Marla Hunter

Marla Hunter

VP, People
Jim Nguyen

Jim Nguyen

Co - Founder & EVP, Corporate & Partner Development

TrueCar Office Locations

TrueCar has offices in Bee Cave, Santa Barbara, San Francisco and Santa Monica
Santa Monica, US (HQ)
200 120 Broadway
Bee Cave, US
13412 Galleria Circle
San Francisco, US
98 Battery St
Santa Barbara, US
3760 State Street
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TrueCar Financials and Metrics

TrueCar Financials

TrueCar's revenue was reported to be $323.15 m in FY, 2017
USD

Revenue (FY, 2017)

323.1 m

Gross profit (FY, 2017)

294.9 m

Gross profit margin (FY, 2017), %

91.3%

Net income (FY, 2017)

(32.8 m)

EBIT (FY, 2017)

(33.7 m)

Market capitalization (18-Apr-2018)

924.9 m

Cash (31-Dec-2017)

197.8 m
TrueCar's current market capitalization is $924.9 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

206.6 m259.8 m277.5 m323.1 m

Revenue growth, %

26%7%

Cost of goods sold

17.5 m23.7 m25.2 m28.2 m

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

46.4 m52.1 m52.8 m59.4 m66.5 m55.6 m60.1 m68.8 m69.4 m74.7 m

Gross profit Margin, %

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

Cash

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

Accounts Receivable

133 m

Inventories

625 k620 k

Current Assets

184.5 m153 m152.9 m243.6 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

111.8 m113 m143.1 m126 m123.7 m106 m103.1 m103 m114.5 m181.7 m

Current Assets

146.7 m150.4 m177.7 m168.2 m168 m141.6 m144.2 m147.5 m166.5 m226.9 m

PP&E

17.1 m28.7 m56.1 m60.4 m68 m70.1 m68.7 m67.2 m68.5 m68.4 m

Goodwill

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

Net Income

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

Depreciation and Amortization

13 m17.3 m23.2 m22.4 m

Accounts Payable

3.4 m5.3 m(4.6 m)4.8 m

Cash From Operating Activities

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

Net Income

(25 m)(38.6 m)(11.6 m)(26.4 m)(37.5 m)(11.7 m)(26.3 m)(33.8 m)(6.8 m)(14.9 m)

Depreciation and Amortization

5.9 m9.2 m3.9 m8 m12.5 m5.9 m11.7 m17.7 m6.1 m11.7 m

Accounts Payable

491 k3.3 m(683 k)(274 k)7.3 m(6.1 m)(4.4 m)(5.1 m)(3.3 m)4.2 m

Cash From Operating Activities

(6.4 m)(4.9 m)(3.2 m)(12.5 m)(9.7 m)(490 k)(2.1 m)(2.6 m)5 m12.7 m
USDY, 2017

Revenue/Employee

497.2 k

Financial Leverage

1.2 x
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