True Car, Inc. - Understand $true stock

$TRUE Market Cap: $381.7 Million

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Financial Snapshot

Revenue

$170.7M

TTM

Gross Margin

87.39%

TTM

Net Earnings

-$27.10M

TTM

Current Assets

$140.3M

Q3 2024

Current Liabilities

$29.93M

Q3 2024

Current Ratio

468.72%

Q3 2024

Total Assets

$167.5M

Q3 2024

Total Liabilities

$39.54M

Q3 2024

Book Value

$128.0M

Q3 2024

Cash

$114.5M

Q3 2024

P/E

-14.09

Nov 29, 2024 EST

Free Cash Flow

-$12.44M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$158.7M	$161.5M	$231.7M	$278.7M	$335.0M	$335.1M	$323.1M	$277.5M	$259.8M	$206.6M	$134.0M	$79.90M	$76.30M	$38.10M
YoY Change	-1.74%	-30.29%	-16.86%	-16.82%	-0.01%	3.69%	16.45%	6.8%	25.74%	54.26%	67.66%	4.72%	100.26%	141.14%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$158.7M	$161.5M	$231.7M	$278.7M	$335.0M	$335.1M	$323.1M	$277.5M	$259.8M	$206.6M	$134.0M	$79.90M	$76.30M	$38.10M
Cost Of Revenue	$15.86M	$16.20M	$22.18M	$21.10M	$27.10M	$26.10M	$28.20M	$25.20M	$23.70M	$17.50M	$15.30M	$13.60M	$7.700M	$3.300M
Gross Profit	$142.9M	$145.3M	$209.5M	$257.6M	$308.0M	$309.0M	$294.9M	$252.3M	$236.2M	$189.1M	$118.7M	$66.30M	$68.70M	$34.80M
Gross Profit Margin	90.01%	89.97%	90.43%	92.44%	91.93%	92.21%	91.26%	90.92%	90.9%	91.51%	88.61%	82.98%	90.04%	91.34%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$139.4M	$148.6M	$185.2M	$201.9M	$291.3M	$264.0M	$247.0M	$214.3M	$234.5M	$186.9M	$106.0M	$101.6M	$60.30M	$30.20M
YoY Change	-6.22%	-19.76%	-8.26%	-30.69%	10.35%	6.85%	15.27%	-8.61%	25.49%	76.23%	4.37%	68.49%	99.67%	115.71%
% of Gross Profit	97.56%	102.27%	88.4%	78.38%	94.58%	85.43%	83.77%	84.94%	99.28%	98.82%	89.33%	153.24%	87.77%	86.78%
Research & Development	$42.25M	$44.99M	$39.35M	$42.50M	$53.70M	$60.30M	$59.10M	$53.60M	$48.00M	$36.60M	$23.70M	$22.00M	$18.50M	$7.400M
YoY Change	-6.09%	14.32%	-7.41%	-20.86%	-10.95%	2.03%	10.26%	11.67%	31.15%	54.43%	7.73%	18.92%	150.0%	12.12%
% of Gross Profit	29.57%	30.96%	18.78%	16.5%	17.44%	19.51%	20.04%	21.24%	20.32%	19.35%	19.97%	33.18%	26.93%	21.26%
Depreciation & Amortization	$17.70M	$16.52M	$16.28M	$20.55M	$20.67M	$17.80M	$22.47M	$23.35M	$17.65M	$13.21M	$11.57M	$10.28M	$4.030M	$1.100M
YoY Change	7.14%	1.48%	-20.77%	-0.57%	16.12%	-20.81%	-3.74%	32.3%	33.55%	14.21%	12.54%	155.09%	266.36%	83.33%
% of Gross Profit	12.39%	11.37%	7.77%	7.98%	6.71%	5.76%	7.62%	9.25%	7.47%	6.99%	9.75%	15.51%	5.87%	3.16%
Operating Expenses	$139.4M	$148.6M	$185.2M	$201.9M	$291.3M	$264.0M	$247.0M	$214.3M	$234.5M	$186.9M	$106.0M	$135.2M	$82.90M	$38.70M
YoY Change	-6.22%	-19.76%	-8.26%	-30.69%	10.35%	6.85%	15.27%	-8.61%	25.49%	76.23%	-21.57%	63.09%	114.21%	82.55%
Operating Profit	-$56.47M	-$125.7M	-$33.48M	-$18.52M	-$60.86M	-$33.06M	-$33.66M	-$38.90M	-$63.98M	-$47.51M	-$22.63M	-$68.90M	-$14.20M	-$3.900M
YoY Change	-55.08%	275.46%	80.81%	-69.57%	84.06%	-1.78%	-13.46%	-39.2%	34.68%	109.94%	-67.16%	385.21%	264.1%	-41.79%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$6.718M	$4.410M	-$5.352M	$0.00	$0.00	$2.649M	$2.610M	$2.530M	$443.0K	$380.0K	$1.988M	-$6.100M	-$3.400M	-$500.0K
YoY Change	52.34%	-182.4%			-100.0%	1.49%	3.16%	471.11%	16.58%	-80.89%	-132.59%	79.41%	580.0%
% of Operating Profit
Other Income/Expense, Net	$0.00	$40.00K	$667.0K	$200.0K	$0.00	$0.00	$0.00	$0.00	$13.00K	$37.00K	$18.00K	$0.00	$0.00	$0.00
YoY Change	-100.0%	-94.0%	233.5%					-100.0%	-64.86%	105.56%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	-$49.75M	-$121.2M	-$38.16M	-$19.85M	-$59.66M	-$32.92M	-$35.01M	-$41.05M	-$64.31M	-$47.79M	-$24.48M	-$75.10M	-$19.60M	-$4.400M
YoY Change	-58.97%	217.7%	92.31%	-66.73%	81.19%	-5.97%	-14.71%	-36.16%	34.56%	95.24%	-67.41%	283.16%	345.45%	-35.29%
Income Tax	$17.00K	-$2.600M	$206.0K	-$6.000K	-$1.300M	-$1.200M	-$2.200M	$655.0K	$606.0K	$640.0K	$579.0K	-$600.0K	-$10.70M	$100.0K
% Of Pretax Income
Net Earnings	-$49.77M	-$118.7M	-$38.33M	$76.54M	-$54.89M	-$28.32M	-$32.85M	-$41.71M	-$64.91M	-$48.43M	-$25.06M	-$74.50M	-$8.900M	-$3.600M
YoY Change	-58.07%	209.65%	-150.07%	-239.45%	93.81%	-13.78%	-21.24%	-35.75%	34.03%	93.28%	-66.37%	737.08%	147.22%	-36.84%
Net Earnings / Revenue	-31.36%	-73.48%	-16.54%	27.47%	-16.38%	-8.45%	-10.17%	-15.03%	-24.98%	-23.44%	-18.7%	-93.24%	-11.66%	-9.45%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.55	-$1.30	-$393.7K	$719.7K	-$518.9K	-$277.2K	-$345.6K	-$493.5K	-$792.4K	-$683.6K	-$353.5K	-$1.049M	-$125.4K	-$50.70K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$137.0M	$175.5M	$245.2M	$273.3M	$181.5M	$196.1M	$197.8M	$107.7M	$112.4M	$147.5M	$43.80M	$22.10M	$42.90M
YoY Change	-21.97%	-28.42%	-10.28%	50.58%	-7.45%	-0.86%	83.66%	-4.18%	-23.8%	236.76%	98.19%	-48.48%
Cash & Equivalents	$137.0M	$175.5M	$245.2M	$273.3M	$181.5M	$196.1M	$197.8M	$107.7M	$112.4M	$147.5M	$43.80M	$22.10M	$11.90M
Short-Term Investments													$31.00M
Other Short-Term Assets	$7.854M	$8.531M	$8.011M	$18.70M	$13.10M	$11.30M	$6.500M	$7.900M	$6.500M	$6.300M	$5.700M	$4.200M	$2.200M
YoY Change	-7.94%	6.49%	-57.16%	42.75%	15.93%	73.85%	-17.72%	21.54%	3.17%	10.53%	35.71%	90.91%
Inventory
Prepaid Expenses
Receivables	$18.26M	$13.79M	$16.71M	$32.90M	$44.90M	$47.80M	$39.20M	$36.90M	$33.80M	$28.70M	$18.80M	$10.80M	$13.90M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$200.0K	$300.0K	$100.0K	$400.0K	$300.0K	$2.000M	$1.300M	$1.000M	$200.0K
Total Short-Term Assets	$163.1M	$197.8M	$269.9M	$324.9M	$239.7M	$255.5M	$243.6M	$152.9M	$153.0M	$184.5M	$69.60M	$38.10M	$59.20M
YoY Change	-17.57%	-26.71%	-16.92%	35.54%	-6.18%	4.89%	59.32%	-0.07%	-17.07%	165.09%	82.68%	-35.64%
Property, Plant & Equipment	$29.01M	$35.84M	$42.76M	$50.60M	$65.90M	$61.50M	$70.70M	$66.90M	$71.40M	$30.70M	$15.20M	$12.80M	$13.70M
YoY Change	-19.06%	-16.18%	-15.49%	-23.22%	7.15%	-13.01%	5.68%	-6.3%	132.57%	101.97%	18.75%	-6.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$0.00	$14.50M	$19.90M	$21.90M
YoY Change		-100.0%	-27.14%	-9.13%
Other Assets	$3.851M	$3.881M	$4.317M	$4.800M	$3.600M	$7.200M	$1.400M	$1.600M	$900.0K	$500.0K	$2.200M	$2.200M	$10.30M
YoY Change	-0.77%	-10.1%	-10.06%	33.33%	-50.0%	414.29%	-12.5%	77.78%	80.0%	-77.27%	0.0%	-78.64%
Total Long-Term Assets	$41.24M	$53.69M	$117.7M	$133.2M	$182.0M	$165.5M	$141.2M	$141.5M	$149.4M	$112.5M	$105.2M	$107.1M	$121.0M
YoY Change	-23.2%	-54.39%	-11.61%	-26.81%	9.97%	17.21%	-0.21%	-5.29%	32.8%	6.94%	-1.77%	-11.49%
Total Assets	$204.3M	$251.5M	$387.7M	$458.1M	$421.7M	$421.0M	$384.8M	$294.4M	$302.4M	$297.0M	$174.8M	$145.2M	$180.2M
YoY Change
Accounts Payable	$6.875M	$8.655M	$11.36M	$13.20M	$21.30M	$26.30M	$18.60M	$13.80M	$18.90M	$12.80M	$9.800M	$5.700M	$9.500M
YoY Change	-20.57%	-23.84%	-13.91%	-38.03%	-19.01%	41.4%	34.78%	-26.98%	47.66%	30.61%	71.93%	-40.0%
Accrued Expenses	$22.10M	$22.12M	$20.12M	$29.70M	$32.80M	$15.30M	$18.90M	$21.00M	$19.70M	$25.50M	$16.00M	$15.00M	$10.30M
YoY Change	-0.09%	9.98%	-32.27%	-9.45%	114.38%	-19.05%	-10.0%	6.6%	-22.75%	59.38%	6.67%	45.63%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.800M	$23.70M	$0.00
YoY Change										-100.0%	-79.75%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$28.98M	$30.78M	$31.48M	$42.90M	$54.20M	$41.60M	$38.00M	$35.40M	$39.10M	$38.90M	$30.90M	$44.80M	$20.00M
YoY Change	-5.85%	-2.23%	-26.62%	-20.85%	30.29%	9.47%	7.34%	-9.46%	0.51%	25.89%	-31.03%	124.0%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$23.00M	$29.10M	$28.80M	$27.00M	$6.100M	$0.00	$0.00	$0.00
YoY Change					-100.0%	-20.96%	1.04%	6.67%	342.62%
Other Long-Term Liabilities	$15.13M	$23.48M	$26.30M	$32.40M	$39.50M	$9.300M	$3.800M	$2.700M	$1.200M	$600.0K	$600.0K	$500.0K	$1.200M
YoY Change	-35.58%	-10.72%	-18.83%	-17.97%	324.73%	144.74%	40.74%	125.0%	100.0%	0.0%	20.0%	-58.33%
Total Long-Term Liabilities	$15.13M	$23.48M	$26.30M	$32.40M	$39.50M	$32.30M	$32.90M	$31.50M	$28.20M	$6.700M	$600.0K	$500.0K	$1.200M
YoY Change	-35.58%	-10.72%	-18.83%	-17.97%	22.29%	-1.82%	4.44%	11.7%	320.9%	1016.67%	20.0%	-58.33%
Total Liabilities	$44.11M	$54.26M	$57.88M	$75.30M	$94.40M	$74.40M	$71.70M	$69.90M	$69.70M	$47.80M	$33.30M	$46.00M	$21.40M
YoY Change	-18.72%	-6.26%	-23.13%	-20.23%	26.88%	3.77%	2.58%	0.29%	45.82%	43.54%	-27.61%	114.95%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021
Basic Shares Outstanding	89.77M shares	91.45M shares	97.35M shares
Diluted Shares Outstanding	89.77M shares	91.45M shares	97.35M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $381.75 Million

About TrueCar, Inc.

TrueCar, Inc. engages in the operation of data-driven online platform which provides dealers and automakers with automobile information. The company is headquartered in Santa Monica, California and currently employs 324 full-time employees. The company went IPO on 2014-05-16. The company 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.

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