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TrueCar (DE:5TC)
FRANKFURT:5TC
Holding DE:5TC?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.05Last Year’s EPS
>-0.01Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -13.97%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, improved financial performance, and strategic advancements with TrueCar+. However, challenges remain with OEM revenue decline, stable gross margins, and the exit of AmEx as an affinity partner.Company Guidance
During the TrueCar Q3 2024 earnings call, executives provided guidance highlighting a substantial 13.1% year-over-year increase in total revenue to $46.5 million and an 11.4% sequential growth from the prior quarter. The core franchise dealer business showed strength with a 12.7% year-over-year and 5.5% quarter-over-quarter revenue increase. TrueCar achieved adjusted EBITDA profitability of $0.2 million, while net losses decreased to $5.8 million from $7.9 million in Q3 2023. Notably, new car sales grew by 16.3% year-over-year, despite a 1.3% industry decline, attributed to increased marketing investments. The company aims to further accelerate revenue growth in Q4 and achieve positive free cash flow, remaining committed to its target of $300 million in revenue with a 10% free cash flow margin by 2026. Initiatives like the TrueCar Marketing Solution contributed $1 million in Q3, and the launch of OEM advertising is expected to tap into the $19 billion digital marketing spend by OEMs. The TC+ pilot also marked a milestone, with approximately 30 consumers completing online vehicle purchases, signaling a shift in TrueCar's business model towards digital transactions.Strong Revenue Growth
Total revenue in Q3 was $46.5 million, representing a 13.1% increase from the same period last year and an 11.4% increase from the prior quarter.
Improved Financial Performance
Q3 net loss decreased to $5.8 million from $7.9 million in Q3 2023, and the company achieved adjusted EBITDA profitability of $0.2 million.
Franchise Dealer Business Strength
Franchise dealer revenue grew 12.7% year-over-year and 5.5% quarter-over-quarter, with new car sales increasing 16.3% year-over-year.
Launch of TrueCar+
The successful fulfillment of the first TC+ vehicle orders, completed entirely online, signifies a new way of buying and selling vehicles.
OEM Business Growth
Q3 OEM revenue increased by 45% from the second quarter, driven by strong performance from incentive programs.
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DE:5TC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:5TC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | €3.58 | €3.82 | +6.70% |
| Aug 05, 2024 | €3.00 | €2.80 | -6.67% |
| Apr 29, 2024 | €2.64 | €2.60 | -1.48% |
| Feb 20, 2024 | €3.34 | €3.22 | -3.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TrueCar (DE:5TC) report earnings?
TrueCar (DE:5TC) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is TrueCar (DE:5TC) earnings time?
TrueCar (DE:5TC) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of TrueCar stock?
The P/E ratio of TrueCar is N/A.
What is DE:5TC EPS forecast?
DE:5TC EPS forecast for the fiscal quarter 2024 (Q4) is -0.05.
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