TrueCar Inc Stock Research

Market Summary

USD2.41+0.14

Market Closed

6.17%

TRUE Alerts

1 major insider sales recently.

TRUE Stock Price

TRUE RSI Chart

TRUE Valuation

Market Cap

202.2M

Price/Earnings (Trailing)

-1.61

Price/Sales (Trailing)

1.3

EV/EBITDA

-0.41

Price/Free Cashflow

-4.4

TRUE Price/Sales (Trailing)

TRUE Profitability

EBT Margin

-75.06%

Return on Equity

-60.16%

Return on Assets

-47.19%

Free Cashflow Yield

-22.72%

TRUE Fundamentals

TRUE Revenue

Revenue (TTM)

155.0M

Revenue Y/Y

-15.05%

Revenue Q/Q

0.86%

TRUE Earnings

Earnings (TTM)

-125.8M

Earnings Y/Y

-57.6%

Earnings Q/Q

-7.86%

Price Action

52 Week Range

1.303.49

(Low)(High)

Last 7 days

-1.3%

Last 30 days

-9.9%

Last 90 days

-4.2%

Trailing 12 Months

-33.0%

TRUE Financial Health

Current Ratio

6.43

TRUE Investor Care

Buy Backs (1Y)

4.84%

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	1.6T	284.6B	17.35%	8.97%	27.19	5.6	5.28%	-21.40%
TWTR	41.4B	-	27.58%	-2.03%	-370.37	7.92	-	-
SNAP	17.1B	4.5B	24.31%	-25.84%	-12.25	3.78	2.67%	-149.46%
PINS	16.0B	2.8B	10.48%	24.72%	-53.4	5.65	6.09%	-189.94%
MID-CAP
TRIP	2.1B	1.6B	-14.95%	-35.91%	-110.47	1.31	53.79%	81.37%
SMALL-CAP
YELP	2.3B	1.2B	16.14%	14.31%	63.97	1.95	15.67%	-8.38%
CARG	2.0B	1.5B	19.43%	-24.81%	24.26	1.24	20.30%	-24.52%
TTGT	981.6M	286.4M	3.49%	-51.41%	27.2	3.43	2.80%	472.58%
EB	734.2M	283.0M	5.89%	-37.44%	-14.72	2.59	31.50%	31.07%
CDLX	220.1M	294.9M	-36.12%	-79.64%	-0.47	0.74	4.66%	-586.22%
TRUE	202.2M	155.0M	-9.92%	-33.04%	-1.61	1.3	-26.25%	-197.31%
TZOO	151.9M	70.6M	17.78%	42.63%	22.89	2.15	12.58%	628.21%
ZDGE	31.7M	27.5M	13.07%	-56.14%	4.68	1.15	17.28%	-27.23%
AUTO	5.5M	-	0.91%	-85.52%	-0.38	0.08	-	-

Financials for TrueCar

Income Statement (Last 12 Months)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-4.1%	154,971,000	161,524,000	170,721,000	186,635,000	210,126,000
S&GA Expenses	-0.3%	104,219,000	104,534,000	106,200,000	112,309,000	123,461,000
EBITDA	-1.0%	-104,725,000	-103,692,000	-33,986,000	-26,569,000	-
EBITDA Margin	-6.7%	-0.65	-0.61	-0.18	-0.13	-
Earnings Before Taxes	-5.9%	-128,447,000	-121,245,000	-118,969,000	-48,807,000	-42,196,000
EBT Margin	-7.7%	-0.75	-0.70	-0.26	-0.20	-
Net Income	-6.0%	-125,836,000	-118,685,000	-116,338,000	-46,061,000	-42,325,000
Net Income Margin	-7.8%	-0.73	-0.68	-0.25	-0.20	-
Free Cahsflow	-23.8%	-40,817,000	-32,980,000	-25,503,000	-10,002,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-8.8%	230	252	272	345	363
Current Assets	-10.2%	178	198	216	227	262
Cash Equivalents	-10.8%	157	176	193	200	235
Net PPE	2.5%	19.00	19.00	19.00	19.00	19.00
Goodwill	NaN%	-	-	60.00	51.00	-
Liabilities	-11.7%	48.00	54.00	56.00	57.00	54.00
Current Liabilities	-12.5%	27.00	31.00	32.00	32.00	29.00
Shareholder's Equity	-7.9%	182	197	216	288	309
Retained Earnings	-3.8%	-532	-512	-494	-417	-406
Additional Paid-In Capital	0.6%	714	710	710	705	715
Shares Outstanding	0.7%	89.00	88.00	91.00	91.00	94.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-15.9%	-33.77	-29.14	-22.01	-14.34	1.00
Share Based Compensation	6.8%	19.00	18.00	18.00	17.00	18.00
Cashflow From Investing	-165.4%	-21.30	-8.03	-7.31	-11.47	1.00
Cashflow From Financing	29.1%	-23.06	-32.53	-28.36	-41.58	-41.57
Buy Backs	-37.0%	19.00	30.00	25.00	38.00	36.00

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

7.0%

10-Year Cumulative Returns

-15.3%

7-Year Cumulative Returns

-25.4%

5-Year Cumulative Returns

-5.5%

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
2023-06-01	PRELUDE CAPITAL MANAGEMENT, LLC	added	8.69	-11,059	2,720,700	0.16%
2023-05-26	ProShare Advisors LLC	reduced	-8.51	-4,562	23,653	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-3.76	-24,583	176,417	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-85.13	-111,000	17,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	37.69	33,000	159,000	-%
2023-05-18	SkyView Investment Advisors, LLC	added	10.84	3,000	211,000	0.05%
2023-05-17	KB FINANCIAL PARTNERS, LLC	added	8.34	-1,000	194,000	0.06%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	16.03	23,365	392,983	-%
2023-05-16	MERCER GLOBAL ADVISORS INC /ADV	unchanged	-	-2,000	24,000	-%
2023-05-16	JANE STREET GROUP, LLC	reduced	-74.76	-206,050	61,983	-%

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

TRUE Alerts

1 major insider sales recently.

TrueCar News

Schedule 13G FIlings of TrueCar

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	par investment partners lp	0%	0	SC 13G/A
Feb 13, 2023	cannell capital llc	6.33%	5,573,332	SC 13G
Feb 03, 2023	blackrock inc.	8.1%	7,123,051	SC 13G/A
Feb 03, 2023	goldman sachs group inc	3.6%	3,187,869	SC 13G/A
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

TRUE Fair Value

Show Fair-Value

Recent SEC filings of TrueCar

View All Filings

Date Filed	Form Type	Document
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 10, 2023	10-Q	Quarterly Report
May 08, 2023	8-K	Current Report
May 01, 2023	ARS	ARS
May 01, 2023	DEF 14A	DEF 14A
May 01, 2023	DEFA14A	DEFA14A
Apr 17, 2023	4	Insider Trading

Latest Insider Trading transactions for TRUE

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-18	Arroyo F. Thaddeus	acquired	-	-	60,422	chief strategy & dev officer
2023-05-15	Reigersman Jantoon	sold (taxes)	-4,205	2.18	-1,929	chief operating officer
2023-05-15	Darrow Michael	sold (taxes)	-15,896	2.18	-7,292	president & ceo
2023-05-15	Swart Jeff	sold (taxes)	-7,549	2.18	-3,463	evp, gen. counsel & secretary
2023-05-15	Luong Teresa	sold (taxes)	-6,337	2.18	-2,907	chief financial officer
2023-04-28	Arroyo F. Thaddeus	acquired	20,082	17.67	1,136	chief strategy & dev officer
2023-04-28	Santone Angela	acquired	15,160	17.67	857	sr. exec vp-human resources
2023-04-28	Smith Kenny Kellyn	acquired	2,460	17.67	139	chief marketing & growth ofcr
2023-04-28	Lee Lori M	acquired	6,733	17.67	381	global mktg ofcr & sevp intl
2023-04-28	Sabrina Sanders S	acquired	3,805	17.67	215	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

2023-03-31

Condensed Consolidated Statements of Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenues	$ 36,980	$ 43,533
Costs and operating expenses:
Cost of revenue (exclusive of depreciation and amortization presented separately below)	3,846	4,946
Sales and marketing	26,766	27,081
Technology and development	12,498	10,255
General and administrative	10,846	11,724
Depreciation and amortization	4,191	3,660
Total costs and operating expenses	58,147	57,666
Loss from operations	(21,167)	(14,133)
Interest income	1,608	27
Gain from equity method investment	0	1,749
Loss before income taxes	(19,559)	(12,357)
Provision for income taxes	6	57
Net loss	$ (19,565)	$ (12,414)
Net loss per share, basic and diluted
Continuing operations, basic (in dollars per share)	$ (0.22)	$ (0.13)
Continuing operations, diluted (in dollars per share)	$ (0.22)	$ (0.13)
Weighted average common shares outstanding, basic and diluted
Basic (in shares)	88,647	95,924
Diluted (in shares)	88,647	95,924
Other comprehensive loss:
Comprehensive loss	$ (19,565)	$ (12,414)

TRUE Balance Sheet

2023-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents (includes restricted cash of $2,205 and $0 at March 31, 2023 and December 31, 2022, respectively)	$ 156,648	$ 175,518
Accounts receivable, net of allowances of $1,091 and $1,073 at March 31, 2023 and December 31, 2022, respectively	14,120	13,786
Prepaid expenses	4,718	5,969
Other current assets	2,252	2,562
Total current assets	177,738	197,835
Property and equipment, net	19,380	18,902
Operating lease right-of-use assets	15,742	16,940
Intangible assets, net	12,774	13,969
Other assets	3,884	3,881
Total assets	229,518	251,527
Current liabilities
Accounts payable	9,334	8,655
Accrued employee expenses	3,908	7,378
Operating lease liabilities, current	4,584	4,514
Accrued expenses and other current liabilities	9,091	10,232
Total current liabilities	26,917	30,779
Operating lease liabilities, net of current portion	17,221	18,500
Other Liabilities, Noncurrent	3,754	4,981
Total liabilities	47,892	54,260
Commitments and contingencies (Note 5)
Stockholders’ Equity
Preferred stock — $0.0001 par value; 20,000,000 shares authorized at March 31, 2023 and December 31, 2022, respectively; no shares issued and outstanding at March 31, 2023 and December 31, 2022	0	0
Common stock — $0.0001 par value; 1,000,000,000 shares authorized at March 31, 2023 and December 31, 2022, respectively; 89,061,768 and 88,439,088 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	9	9
Additional paid-in capital	713,714	709,790
Accumulated deficit	(532,097)	(512,532)
Total stockholders’ equity	181,626	197,267
Total liabilities and stockholders’ equity	$ 229,518	$ 251,527