truecar is a digital automotive marketplace dedicated to being the most transparent brand in the industry. truecar shows consumers what others paid for the car they want, so they can recognize a fair price. users receive upfront pricing information when they connect with truecar certified dealers, allowing them to enjoy a more confident buying experience. truecar operates its own site and powers car-buying programs for over 500 companies, including some of the most trusted brands in the world such as usaa, aarp and american express. truecar has a network of over 14,000 certified dealers and currently, over one third of all new car buyers engage with the truecar network during their purchasing process.
Company profile
Ticker
TRUE
Exchange
Website
CEO
Michael Darrow
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Zag com Inc
SEC CIK
Corporate docs
Subsidiaries
TrueCar Dealer Solutions, Inc. • Digital Motors Corporation • TrueCar Wholesale Solutions, Inc. ...
TRUE stock data
Latest filings (excl ownership)
8-K
Termination of a Material Definitive Agreement
12 Apr 24
ARS
2023 FY
Annual report to shareholders
8 Apr 24
DEFA14A
Additional proxy soliciting materials
8 Apr 24
DEF 14A
Definitive proxy
8 Apr 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Results of Operations and Financial Condition
20 Feb 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Results of Operations and Financial Condition
6 Nov 23
8-K/A
Departure of Directors or Certain Officers
6 Oct 23
8-K
TrueCar Announces New Leadership Appointments
26 Sep 23
Transcripts
TRUE
Earnings call transcript
2023 Q4
21 Feb 24
TRUE
Earnings call transcript
2023 Q3
7 Nov 23
TRUE
Earnings call transcript
2023 Q2
1 Aug 23
TRUE
Earnings call transcript
2023 Q1
9 May 23
TRUE
Earnings call transcript
2022 Q4
23 Feb 23
TRUE
Earnings call transcript
2022 Q3
9 Nov 22
TRUE
Earnings call transcript
2022 Q2
3 Aug 22
TRUE
Earnings call transcript
2022 Q1
10 May 22
TRUE
Earnings call transcript
2021 Q4
23 Feb 22
TRUE
Earnings call transcript
2021 Q3
11 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 145.47 mm | 145.47 mm | 145.47 mm | 145.47 mm | 145.47 mm | 145.47 mm |
Cash burn (monthly) | (no burn) | 3.96 mm | 3.19 mm | 6.03 mm | (no burn) | 2.13 mm |
Cash used (since last report) | n/a | 27.22 mm | 21.95 mm | 41.46 mm | n/a | 14.63 mm |
Cash remaining | n/a | 118.26 mm | 123.52 mm | 104.02 mm | n/a | 130.84 mm |
Runway (months of cash) | n/a | 29.9 | 38.7 | 17.2 | n/a | 61.5 |
Institutional ownership, Q2 2023
93.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 108 |
Opened positions | 8 |
Closed positions | 14 |
Increased positions | 38 |
Reduced positions | 37 |
13F shares | Current |
---|---|
Total value | 156.34 bn |
Total shares | 85.30 mm |
Total puts | 692.60 k |
Total calls | 1.70 k |
Total put/call ratio | 407.4 |
Largest owners | Shares | Value |
---|---|---|
Caledonia | 18.37 mm | $41.51 bn |
Cannell Capital | 8.22 mm | $18.59 bn |
United Services Automobile Association | 7.96 mm | $17.99 bn |
BLK Blackrock | 7.07 mm | $15.98 bn |
Pacific Sequoia | 6.36 mm | $57.65 mm |
AN Autonation | 5.37 mm | $11.71 mm |
Vanguard | 4.20 mm | $9.50 bn |
Dimensional Fund Advisors | 3.48 mm | $7.86 bn |
Renaissance Technologies | 2.11 mm | $4.76 mm |
Acadian Asset Management | 2.06 mm | $4.65 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Apr 24 | Jantoon Reigersman | Common Stock | Payment of exercise | Dispose F | No | No | 2.93 | 5,975 | 17.51 k | 1,725,215 |
15 Apr 24 | Oliver Foley | Common Stock | Payment of exercise | Dispose F | No | No | 2.93 | 3,252 | 9.53 k | 264,642 |
21 Mar 24 | Swart Jeff | Common Stock | Payment of exercise | Dispose F | No | No | 3.5 | 14,769 | 51.69 k | 420,350 |
21 Mar 24 | Swart Jeff | Common Stock | Grant | Acquire A | No | No | 0 | 36,828 | 0.00 | 435,119 |
21 Mar 24 | Jantoon Reigersman | Common Stock | Payment of exercise | Dispose F | No | No | 3.5 | 51,758 | 181.15 k | 1,731,190 |
21 Mar 24 | Jantoon Reigersman | Common Stock | Grant | Acquire A | No | No | 0 | 131,531 | 0.00 | 1,782,948 |
15 Mar 24 | Swart Jeff | Common Stock | Payment of exercise | Dispose F | No | No | 3.35 | 4,384 | 14.69 k | 398,291 |
News
11 Communication Services Stocks Moving In Monday's After-Market Session
11 Mar 24
Why Etsy Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
22 Feb 24
Needham Reiterates Buy on TrueCar, Maintains $4.5 Price Target
21 Feb 24
11 Communication Services Stocks Moving In Tuesday's After-Market Session
20 Feb 24
Recap: TrueCar Q4 Earnings
20 Feb 24
Press releases
TrueCar to Announce First Quarter 2024 Financial Results in Stockholder Letter on April 29
16 Apr 24
Diego Rodriguez Nominated to Stand for Election to TrueCar's Board of Directors at May 23, 2024 Annual Meeting
8 Apr 24
TrueCar Releases Fourth Quarter 2023 Financial Results and Stockholder Letter
20 Feb 24
TrueCar to Announce Fourth Quarter 2023 Financial Results in Stockholder Letter on February 20
7 Feb 24
TrueCar Marketing Solutions Helps Dealers Conquest New Customers, Drive Service Revenue, and More
1 Feb 24