TRUE Stock Recent News

TrueCar, the online vehicle listing platform, is set to undergo a strategic restructuring aimed at rationalizing its organization and improving efficiency amid broader downshifts in the sector.  In an announcement Wednesday (June 14), TrueCar described “a strategic restructuring to streamline the organization, including a workforce reduction impacting approximately 102 positions, or 24% of the Company's headcount.

TrueCar, a platform where people can research new and used car prices and find local dealer savings, is laying off 24% of staff due to a restructure, the company said Wednesday. About 102 people will be impacted by the layoff.

Shares of TrueCar Inc. TRUE rallied more than 8% in the aftermarket Wednesday after the car-pricing platform announced a restructuring, which includes laying off 24% of its workforce, and a new chief executive. TrueCar said the restructuring is expected to “streamline” its operations and cut expenses by more than $20 million.

SANTA MONICA, Calif. , May 12, 2023 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced that President and Chief Executive Officer, Mike Darrow, will participate in a fireside chat at the J.P.

TrueCar (TRUE) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.08 per share a year ago.

TrueCar, Inc. (NASDAQ:TRUE ) Q4 2022 Earnings Conference Call February 23, 2023 9:00 AM ET Company Participants Zaineb Bokhari - Vice President of Investor Relations Mike Darrow - President and Chief Executive Officer Jantoon Reigersman - Chief Operating Officer Teresa Luong - Chief Financial Officer Conference Call Participants Rajat Gupta - JPMorgan Chris Pierce - Needham Operator Good day, and welcome to the TrueCar Fourth Quarter 2022 Financial Results Conference Call. Please note that this event is being recorded.

TrueCar, Inc. (NASDAQ:TRUE ) Q3 2022 Earnings Conference Call November 8, 2022 9:00 AM ET Company Participants Zaineb Bokhari - Vice President of Investor Relations Mike Darrow - President & Chief Executive Officer Jantoon Reigersman - Chief Financial Officer & Chief Operating Officer Conference Call Participants Rajat Gupta - JPMorgan Marvin Fong - BTIG Chris Pierce - Needham Vincent Sengelmann - Truist Securities Operator Hello and welcome to the TrueCar Third Quarter 2022 Financial Results Conference Call. Please note, this event is being recorded.

TrueCar (TRUE) delivered earnings and revenue surprises of -36.36% and 2.50%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

TrueCar Inc. TRUE, +0.45% , the online platform to buy and sell new and used autos, said August sales data suggests the auto industry, which has been plagued by supply problems stemming from chip shortages and logistic issues, "may be turning the corner." Total new vehicle industry sales in August were expected to be up slightly from July and up 9% from a year ago, while used vehicle sales are expected to be up 4% from July but down 17% from last year.

TrueCar, Inc. (NASDAQ:TRUE ) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Zaineb Bokhari - VP, IR Mike Darrow - President and CEO Jantoon Reigersman - CFO and COO Conference Call Participants Rajat Gupta - JPMorgan Robert Zeller - Truist Chris Pierce - Needham Zachary Schechtman - BTIG Operator Good day, and welcome to the TrueCar Second Quarter 2022 Financial Results Conference Call. Please note this event is being recorded.