TrueCar® SUPPLEMENTAL MATERIALS Second Quarter 2024 Quarter Ended June 30, 2024 SUPPLEMENTAL MATERIALS 2 Important Information This presentation contains forward-looking statements. All statements other than statements of historical fact contained in this presentation, including our expectations regarding future expected revenue growth and free cash flow margins, are forward-looking statements. These forwardlooking statements are subject to a number of risks, uncertainties and assumptions that may prove inc ...

Q2 2024 Stockholder Letter Buy your car online. Have it delivered. Meet TrueC Actual photo of our billboard located off US 101, near San Francisco International Airport. Photo taken on August 3rd, 2024. To Our Fellow Stockholders As we review the results of our second quarter performance, we have taken the opportunity to reflect on our exciting long-term goals for TrueCar and the progress we are making towards our targets. We have established ambitious goals for our organization, and we remain steadfast in ...

TrueCar (TRUE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 5. On the ...

Live call and webcast will occur on August 6 at 9:00 a.m. ETSANTA MONICA, Calif., July 23, 2024 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) will report financial results for the second quarter ended June 30, 2024 on Monday, August 5, 2024 after market close, in a stockholder letter that will be accessible from the company's Investor Relations website at ir.truecar.com.Jantoon Reigersman, President and Chief Executive Officer, and Oliver Foley, Chief Financial Officer, will host a call on Tuesday August 6 a ...

SANTA MONICA, Calif., July 17, 2024 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most trusted digital automotive marketplace, today proudly announces the launch of the next evolution of TrueCar+ (www.truecar.com/plus), which now empowers consumers – for the first time – to purchase from over 3,200 new, used, and certified pre-owned vehicles from start to finish completely online.Whereas other online car shopping platforms are limited to used vehicles only, do not include key purchasing steps, or are ex ...

Stagwell's (STGW) Brand New Galaxy rebrands as Assembly, bolstering Assembly's media and more capabilities across the consumer journeyWARSAW, Poland and NEW YORK, June 6, 2024 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced that Brand New Galaxy is rebranding as Assembly and bringing expanded digital commerce capabilities and expertise into Assembly around the globe. This new and bigger Assembly of data, talent, and tech enables the connection of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36449 TRUECAR, INC. (Exact name of registrant as specified in its charter) Delaware 04-3807511 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ...

Financial Data and Key Metrics Changes - In Q1 2024, TrueCar achieved an 11% year-over-year revenue growth, reaching positive adjusted EBITDA of $0.9 million, a $12.3 million improvement from the previous year [7][8] - The company reported a 7.3% year-over-year increase in new vehicle units sold through franchise dealers, outperforming the industry's 4.9% growth [8] Business Line Data and Key Metrics Changes - The launch of TrueCar Market Solutions (TCMS) saw over 350 dealers adopting one or more products within two months, indicating strong initial interest [8][9] - The company aims to bundle TCMS products into subscription offerings to enhance dealer value and increase average revenue per dealer [9][12] Market Data and Key Metrics Changes - The normalization of new vehicle inventory and average days supply continued to improve in Q1, benefiting franchise dealers [7] - The company anticipates a 13% revenue growth in Q2 2024, driven by increased marketing spend to capture a larger share of new vehicle shoppers [14] Company Strategy and Development Direction - TrueCar's strategic goal is to become the first digital marketplace for car purchases, aiming to complete its first end-to-end digital transaction for new cars in the first half of 2024 [10][12] - The company is focusing on four building blocks for near-term growth: activating new dealers, reducing dealer churn, increasing average revenue per dealer, and growing OEM revenue [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the core business to support the success of TC+, with expectations of returning to $300 million in revenue and a 10% free cash flow margin by the end of 2026 [13] - The management acknowledged challenges in dealer churn and emphasized the need for improved service and support to regain market share [22][40] Other Important Information - The company is working on a pilot for TC+ that will allow consumers to transact entirely online, with plans to launch in California and expand based on initial results [10][51] - TrueCar is undergoing a leadership change on its board, with Diego Rodriguez nominated to fill a seat, bringing extensive experience in business design and technology [15] Q&A Session Summary Question: Insights on second quarter revenue growth and marketing investments - Management anticipates an acceleration in revenue growth, projecting a 13% increase in Q2, with marketing spend expected to drive more incremental units to dealer partners [19] Question: Factors behind the decline in franchise dealer accounts - Management noted that dealer churn was influenced by market resets and service quality, with plans to improve support and regain lost dealers [22][40] Question: Expectations for TrueCar Marketing Solutions adoption - Management expects a majority of dealers to adopt TCMS products, which should enhance ROI and lead to better retention [26] Question: Marketing spend strategy and payback period - The company aims to balance performance-based marketing with broader support for dealers, focusing on efficient deployment of marketing dollars [29] Question: OEM incentive revenue growth potential - Management is optimistic about long-term growth in OEM revenue, although short-term fluctuations are expected due to program variability [34] Question: Clarification on independent dealer channel trends - Management indicated that while the independent dealer channel is stabilizing, month-to-month fluctuations remain unpredictable [45] Question: Details on partnerships for TrueCar+ - The pilot for TrueCar+ is being developed with a progressive dealer group, focusing on refining technical solutions before scaling [51]

SU PPLE M E NT A L M A T E RIA LS First Quarter 2024 Quarter Ended March 31, 2024 S UP P L EM ENTAL M ATERI AL S ...

TrueCar (TRUE) reported $41.05 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 11%. EPS of -$0.04 for the same period compares to -$0.16 a year ago.The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $41.21 million. With the consensus EPS estimate being -$0.04, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...