Summary
TRUE Chart
TrueCar, Inc. (TRUE) Q1 2025 Earnings Call Transcript
TrueCar, Inc. (NASDAQ:TRUE ) Q1 2025 Earnings Conference Call May 6, 2025 9:00 AM ET Company Participants Jantoon Reigersman – President and Chief Executive Officer Oliver Foley – Chief Financial Officer Conference Call Participants Naved Khan – B. Riley Securities Ryan Meyers – Lake Street Tom White – D.A.
TrueCar (TRUE) Reports Q1 Loss, Tops Revenue Estimates
TrueCar (TRUE) came out with a quarterly loss of $0.09 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.04 per share a year ago.
TrueCar Releases First Quarter 2025 Financial Results and Stockholder Letter
Live call and webcast will occur on May 6 at 9:00 a.m. ET SANTA MONICA, Calif.
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TrueCar Inc. Profile
| Internet Content & Information Industry | Communication Services Sector | Mr. Jantoon E. Reigersman CEO | NASDAQ (NGS) Exchange | 89785L107 Cusip |
| US Country | 348 Employees | - Last Dividend | - Last Split | 16 May 2014 IPO Date |
Overview
TrueCar, Inc. operates as a pioneering entity in the realm of internet-based information, technology, and communication services within the United States. It presents a unique platform accessible through the TrueCar website and various mobile applications, focusing on revolutionizing the way users acquire market-based pricing data for new and used cars. By facilitating connections with a network of TrueCar certified dealers, the company enhances the car-buying process for consumers. Originally known as Zag.com Inc., the company transitioned to TrueCar, Inc., marking a significant phase in its evolution. Established in 2005 and with its headquarters in Santa Monica, California, TrueCar has been dedicated to transforming automotive purchasing and selling through advanced technology and comprehensive data analysis.
Products and Services
- Market-Based Pricing Data:
TrueCar specializes in providing users with invaluable data on market-based pricing for both new and used cars. This service empowers consumers with the information necessary to make informed purchasing decisions, ensuring they receive fair value.
- TrueCar Certified Dealers Network:
The bedrock of TrueCar’s platform is its extensive network of certified dealers. This network allows users to connect with reputable dealers, fostering a transparent and straightforward car buying and selling experience.
- Forecast and Consulting Services:
TrueCar extends beyond mere transactions by offering forecast and consulting services that assist in determining the residual value of automobiles at future points in time. These insights are pivotal for underwriting automotive loans and leases, as well as for financial institutions in managing exposure and risk.
- TrueCar Trade:
With TrueCar Trade, consumers gain access to critical information regarding the value of their trade-in vehicles. This tool not only provides users with a guaranteed trade-in price but also enhances the dealership experience by ensuring transparency before consumers step into a dealership.
- DealerScience:
Aiming at the dealers, TrueCar offers DealerScience, a suite of advanced digital retailing software tools. These tools assist dealers in navigating the digital landscape of car sales, equipping them with technology to improve efficiency and customer satisfaction.
Contact Information
