TrueCar Inc Stock Research

Market Summary

USD2.96-0.20

Market Closed

-6.33%

TRUE Stock Price

TRUE RSI Chart

TRUE Valuation

Market Cap

287.4M

Price/Earnings (Trailing)

-2.47

Price/Sales (Trailing)

1.68

EV/EBITDA

-0.91

Price/Free Cashflow

-8.72

TRUE Price/Sales (Trailing)

TRUE Profitability

EBT Margin

-69.69%

Return on Equity

-53.9%

Return on Assets

-42.77%

Free Cashflow Yield

-11.47%

TRUE Fundamentals

TRUE Revenue

Revenue (TTM)

170.7M

Revenue Y/Y

-28.95%

Revenue Q/Q

-7.62%

TRUE Earnings

Earnings (TTM)

-116.3M

Earnings Y/Y

-1.0K%

Earnings Q/Q

-599.82%

Price Action

52 Week Range

1.304.09

(Low)(High)

Last 7 days

-2.3%

Last 30 days

26.5%

Last 90 days

98.7%

Trailing 12 Months

-13.4%

TRUE Financial Health

Current Ratio

6.78

TRUE Investor Care

Buy Backs (1Y)

5.29%

Peers (Alternatives to TrueCar)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GOOG	1.3T	275.7B	7.71%	-23.68%	19.21	4.67	15.26%	-5.14%
TWTR	41.4B	5.2B	27.58%	-2.03%	-370.37	7.92	17.45%	-129.08%
PINS	17.3B	2.8B	6.48%	-8.22%	282.61	6.24	13.75%	-82.50%
SNAP	17.0B	4.6B	12.70%	-68.46%	-15.2	3.7	23.31%	-79.38%
MID-CAP
TRIP	2.9B	1.4B	28.74%	-13.80%	-414.99	2.11	77.48%	96.34%
YELP	2.1B	1.2B	13.72%	-9.17%	52.86	1.8	16.76%	4.85%
SMALL-CAP
CARG	2.0B	1.7B	22.91%	-44.40%	22.07	1.15	123.63%	-14.84%
TTGT	1.4B	301.4M	11.21%	-38.58%	78.3	4.79	29.74%	-8.73%
EB	803.3M	249.0M	42.71%	-41.12%	-10.54	3.23	61.54%	46.49%
TRUE	287.4M	170.7M	26.50%	-13.45%	-2.47	1.68	-31.66%	-280.85%
CDLX	190.1M	306.1M	14.11%	-90.87%	-1.92	0.62	25.37%	19.99%
TZOO	66.4M	65.7M	22.03%	-41.48%	73.99	1.01	6.69%	-81.76%
ZDGE	29.8M	27.4M	22.70%	-66.91%	3.89	1.22	25.56%	-19.10%
AUTO	5.5M	71.2M	0.91%	-85.52%	-0.38	0.08	-0.63%	-945.76%

Financials for TrueCar

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	-8.5%	170,721,000	186,635,000	210,126,000	231,698,000	249,797,000
S&GA Expenses	-5.4%	106,200,000	112,309,000	123,461,000	136,479,000	145,363,000
EBITDA	-205.1%	-103,692,000.00	-33,986,000.00	-26,569,000.00	-21,884,000.00	-
EBITDA Margin	-233.5%	-0.61	-0.18	-0.13	-0.09	-
Earnings Before Taxes	-143.8%	-118,969,000.00	-48,807,000.00	-42,196,000.00	-38,163,000.00	-29,926,000.00
EBT Margin	-166.5%	-0.70	-0.26	-0.20	-0.16	-
Net Income	-152.6%	-116,338,000.00	-46,061,000.00	-42,325,000.00	-38,329,000.00	64,329,000
Net Income Margin	-176.1%	-0.68	-0.25	-0.20	-0.17	-
Free Cahsflow	-29.3%	-32,980,000.00	-25,503,000.00	-10,002,000.00	3,505,000	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-21.2%	272	345	363	388	405
Current Assets	-4.9%	216	227	262	270	281
Cash Equivalents	-3.4%	193	200	235	245	251
Net PPE	0.2%	19	19	19	19	19
Goodwill	-100.0%	-	60	51	51	51
Liabilities	-1.6%	56	57	54	58	63
Current Liabilities	1.0%	32	32	29	31	35
Shareholder's Equity	-25.1%	216	288	309	330	342
Retained Earnings	-18.5%	-494.39	-417.28	-406.26	-393.85	-378.05
Additional Paid-In Capital	0.7%	710	705	715	724	720
Accumulated Depreciation	-	78	-	-	-	-
Shares Outstanding	0.5%	91	91	94	96	96

* denotes actual numbers (not divided by Millions)

Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-53.5%	-22,015.00	-14,344.00	1,250	14,194	31,420
Share Based Compensation	4.4%	17,577	16,838	17,508	20,395	21,437
Cashflow From Investing	36.2%	-7,313.00	-11,468.00	532	-4,205.00	109,487
Cashflow From Financing	31.8%	-28,358.00	-41,580.00	-41,573.00	-38,086.00	-68,941.00
Buy Backs	-34.2%	25,103	38,147	35,628	31,943	63,142

Risks for TRUE

What is the probability of a big loss on TRUE?

100%

Probability that TrueCar stock will be more than 20% underwater in next one year

99.6%

Probability that TrueCar stock will be more than 30% underwater in next one year.

84.6%

Probability that TrueCar stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TRUE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if TrueCar was unfortunately bought at previous high price.

Drawdowns

Returns for TRUE

Cumulative Returns on TRUE

17.3%

10-Year Cumulative Returns

-10.6%

7-Year Cumulative Returns

-24.7%

5-Year Cumulative Returns

-9.0%

3-Year Cumulative Returns

What are the long-term rolling returns for TRUE?

FIve years rolling returns for TrueCar.

Annualized Returns

Which funds bought or sold TRUE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-01-23	SJS Investment Consulting Inc.	sold off	-100	-	-	-%
2023-01-23	Allspring Global Investments Holdings, LLC	reduced	-2.14	18,941	47,941	-%
2023-01-18	Activest Wealth Management	unchanged	-	883	1,883	-%
2023-01-17	Ronald Blue Trust, Inc.	unchanged	-	-6,000	8,000	-%
2023-01-13	JANUS HENDERSON GROUP PLC	added	99.81	9,000	58,000	-%
2023-01-12	Marquette Asset Management, LLC	unchanged	-	75,756	189,756	0.06%
2023-01-12	Assenagon Asset Management S.A.	sold off	-100	-255,000	-	-%
2023-01-10	Safeguard Financial, LLC	unchanged	-	19,000	49,000	0.04%
2022-11-21	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.93	-131,000	159,000	-%
2022-11-17	SkyView Investment Advisors, LLC	added	27.32	-44,000	126,000	0.04%

Latest Funds Activity

Are funds buying TRUE calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own TRUE

No. of Funds

TrueCar News

Schedule 13G FIlings of TrueCar

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Nov 14, 2022	autonation, inc.	6.1%	5,370,000	SC 13G
Feb 14, 2022	par investment partners lp	8.9%	8,507,156	SC 13G/A
Feb 03, 2022	blackrock inc.	8.4%	8,083,254	SC 13G/A
Jan 24, 2022	goldman sachs group inc	6.3%	6,078,768	SC 13G
Feb 16, 2021	par investment partners lp	9.1%	9,418,804	SC 13G/A
Feb 10, 2021	vanguard group inc	4.80%	5,001,329	SC 13G/A
Feb 01, 2021	blackrock inc.	8.2%	8,488,574	SC 13G/A
Feb 14, 2020	par investment partners lp	9.7%	10,299,504	SC 13G/A
Feb 13, 2020	morgan stanley	2.6%	2,795,972	SC 13G/A
Feb 13, 2020	morgan stanley	2.6%	2,795,972	SC 13G/A

TRUE Fair Value

Recent SEC filings of TrueCar

View All Filings

Date Filed	Form Type	Document
Jan 17, 2023	4	Insider Trading
Dec 16, 2022	4	Insider Trading
Dec 16, 2022	4	Insider Trading
Dec 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading
Nov 14, 2022	SC 13G	Major Ownership Report
Nov 09, 2022	10-Q	Quarterly Report

Latest Insider Trading transactions for TRUE

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-01-15	Reigersman Jantoon	sold (taxes)	-20,811.5	3.07	-6,779	cfo & coo
2023-01-13	Huntley David S.	acquired	-	-	32,677	sevp&chief compliance officer
2023-01-13	Legg Jeremy Alan	sold (taxes)	-193,506	19.55	-9,898	chief technology officer
2023-01-13	Gillespie Edward W	sold (taxes)	-135,032	19.55	-6,907	srevp-ext & legal affairs
2023-01-13	Desroches Pascal	acquired	-	-	50,989	sr. exec vp and cfo
2023-01-13	STANKEY JOHN T	sold (taxes)	-1,220,900	19.55	-62,450	ceo & president
2023-01-13	Lee Lori M	acquired	-	-	70,058	global mktg ofcr & sevp intl
2023-01-13	Smith Kenny Kellyn	acquired	-	-	21,512	chief marketing & growth ofcr
2023-01-13	McElfresh Jeffery S.	acquired	-	-	101,786	chief operating officer
2023-01-13	Dial Debra L.	sold (taxes)	-86,215.5	19.55	-4,410	svp-chiefactngofcr&controller

About TrueCar

John T. Stankey

www.att.com

65535

AT&T Inc. provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides data, voice, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband fiber and legacy telephony voice communication services to residential customers. It markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The company's Latin America segment provides wireless services in Mexico; and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.

TRUE Income Statement

2022-09-30

Condensed Consolidated Statements of Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenues	$ 39,052	$ 54,966	$ 124,860	$ 185,837
Costs and operating expenses:
Cost of revenue (exclusive of depreciation and amortization presented separately below)	3,880	5,715	12,643	16,919
Sales and marketing	25,130	31,239	78,535	108,814
Technology and development	12,742	9,890	34,377	31,863
General and administrative	11,364	11,121	34,025	37,652
Depreciation and amortization	4,284	3,828	11,729	12,731
Goodwill impairment	59,775	0	59,775	0
Total costs and operating expenses	117,175	61,793	231,084	207,979
Loss from operations	(78,123)	(6,827)	(106,224)	(22,142)
Interest income	879	12	1,185	40
Other income	0	0	0	667
Gain (loss) from equity method investment	0	(267)	1,845	(953)
Loss before income taxes	(77,244)	(7,082)	(103,194)	(22,388)
Provision for (benefit from) income taxes	(131)	(38)	(2,648)	189
Net loss from continuing operations	(77,113)	(7,044)	(100,546)	(22,577)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	208	0	40
Net loss	$ (77,113)	$ (6,836)	$ (100,546)	$ (22,537)
Net loss per share, basic and diluted
Continuing operations, basic (in dollars per share)	$ (0.85)	$ (0.07)	$ (1.09)	$ (0.23)
Continuing operations, diluted (in dollars per share)	(0.85)	(0.07)	(1.09)	(0.23)
Discontinuing operations, basic (in dollars per share)	0	0.00	0.00	0
Discontinuing operations, diluted (in dollars per share)	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted average common shares outstanding, basic and diluted
Basic (in shares)	90,687	96,037	92,508	97,800
Diluted (in shares)	90,687	96,037	92,508	97,800
Other comprehensive loss:
Comprehensive loss	$ (77,113)	$ (6,836)	$ (100,546)	$ (22,537)

TRUE Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 192,979	$ 245,217
Accounts receivable, net of allowances of $1,264 and $3,099 at September 30, 2022 and December 31, 2021, respectively	13,043	16,710
Prepaid expenses	7,453	6,145
Other current assets	2,663	1,866
Total current assets	216,138	269,938
Property and equipment, net	18,804	19,155
Operating lease right-of-use assets	17,849	23,605
Goodwill	0	51,205
Intangible assets, net	15,163	4,950
Equity method investment	0	14,500
Other assets	4,069	4,317
Total assets	272,023	387,670
Current liabilities
Accounts payable (includes related party payables of $1,128 at December 31, 2021)	9,038	11,364
Accrued employee expenses	7,197	5,187
Operating lease liabilities, current	4,442	5,253
Accrued expenses and other current liabilities	11,223	9,677
Total current liabilities	31,900	31,481
Deferred tax liabilities	0	103
Operating lease liabilities, net of current portion	19,750	26,300
Other Liabilities, Noncurrent	4,523	0
Total liabilities	56,173	57,884
Commitments and contingencies (Note 9)
Stockholders’ Equity
Preferred stock — $0.0001 par value; 20,000,000 shares authorized at September 30, 2022 and December 31, 2021, respectively; no shares issued and outstanding at September 30, 2022 and December 31, 2021	0	0
Common stock — $0.0001 par value; 1,000,000,000 shares authorized at September 30, 2022 and December 31, 2021, respectively; 90,956,585 and 96,213,243 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	10	10
Additional paid-in capital	710,233	723,623
Accumulated deficit	(494,393)	(393,847)
Total stockholders’ equity	215,850	329,786
Total liabilities and stockholders’ equity	$ 272,023	$ 387,670