TrueCar, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 04:44 pm EST
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TrueCar, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 41.15 million compared to USD 39.05 million a year ago. Net loss was USD 7.88 million compared to USD 77.11 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.85 a year ago.
For the nine months, sales was USD 117.42 million compared to USD 124.86 million a year ago. Net loss was USD 47.86 million compared to USD 100.55 million a year ago. Basic loss per share from continuing operations was USD 0.54 compared to USD 1.09 a year ago.
TrueCar, Inc. is an automotive digital marketplace that enables car buyers to connect to its network of Certified Dealers. It offers a software ecosystem on a common technology infrastructure, powered by data and analytics. Its company-branded platform is available on its TrueCar Website and mobile applications. Its network of TrueCar Certified Dealers consists primarily of new car franchises, representing all makes of cars, as well as independent dealers selling used vehicles. Key elements of its core leads-based consumer experience include Research & Discovery, New Car Build Experience, New and Used Car Inventory Search, Consumer Cohorts, Vehicle Identification Numbers (VIN) Offers, TrueCar Post Prospect Unified Vehicle Detail Page, Trade and Sell Your Car and Finance and Insurance Features. Its network of TrueCar Certified Dealers utilizes the Dealer Portal, an application that is accessible online and on mobile devices, as a sales enhancement platform.
TRUECAR, INC. 
