TRUE Stock Recent News

TrueCar, Inc. beat revenue and EPS consensus estimates in its recently reported Q2 2023 financial results. The firm connects car buyers with dealers in the U.S. for new or used automobiles via its online platform. Management highlighted a return to sequential revenue growth as OEM incentives began to reappear.

Although the revenue and EPS for TrueCar (TRUE) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

TrueCar (TRUE) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.07 per share a year ago.

TrueCar (NASDAQ:TRUE) Inc shares climbed 10% to $2.72 on Thursday after the car-pricing platform announced that it is eliminating 24% of its workforce, or about 102 positions, and has named a new CEO. TrueCar revealed that its chief operating officer Jantoon Reigersman will replace Michael Darrow as the company's CEO, but did not provide details on why the move was being made.

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.