truecar is a digital automotive marketplace dedicated to being the most transparent brand in the industry. truecar shows consumers what others paid for the car they want, so they can recognize a fair price. users receive upfront pricing information when they connect with truecar certified dealers, allowing them to enjoy a more confident buying experience. truecar operates its own site and powers car-buying programs for over 500 companies, including some of the most trusted brands in the world such as usaa, aarp and american express. truecar has a network of over 14,000 certified dealers and currently, over one third of all new car buyers engage with the truecar network during their purchasing process.
Company profile
Ticker
TRUE
Exchange
Website
CEO
Michael Darrow
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Zag com Inc
SEC CIK
Corporate docs
Subsidiaries
TrueCar Dealer Solutions, Inc. • Digital Motors Corporation • TrueCar Wholesale Solutions, Inc. ...
TRUE stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
24 May 24
10-Q
2024 Q1
Quarterly report
3 May 24
8-K
Results of Operations and Financial Condition
29 Apr 24
8-K
Termination of a Material Definitive Agreement
12 Apr 24
ARS
2023 FY
Annual report to shareholders
8 Apr 24
DEFA14A
Additional proxy soliciting materials
8 Apr 24
DEF 14A
Definitive proxy
8 Apr 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Results of Operations and Financial Condition
20 Feb 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
Transcripts
TRUE
Earnings call transcript
2023 Q4
21 Feb 24
TRUE
Earnings call transcript
2023 Q3
7 Nov 23
TRUE
Earnings call transcript
2023 Q2
1 Aug 23
TRUE
Earnings call transcript
2023 Q1
9 May 23
TRUE
Earnings call transcript
2022 Q4
23 Feb 23
TRUE
Earnings call transcript
2022 Q3
9 Nov 22
TRUE
Earnings call transcript
2022 Q2
3 Aug 22
TRUE
Earnings call transcript
2022 Q1
10 May 22
TRUE
Earnings call transcript
2021 Q4
23 Feb 22
TRUE
Earnings call transcript
2021 Q3
11 Nov 21
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 133.69 mm | 133.69 mm | 133.69 mm | 133.69 mm | 133.69 mm | 133.69 mm |
Cash burn (monthly) | 1.09 mm | 1.91 mm | 2.50 mm | 3.57 mm | (no burn) | 688.67 k |
Cash used (since last report) | 2.26 mm | 3.96 mm | 5.16 mm | 7.38 mm | n/a | 1.42 mm |
Cash remaining | 131.43 mm | 129.73 mm | 128.53 mm | 126.31 mm | n/a | 132.26 mm |
Runway (months of cash) | 120.3 | 67.8 | 51.5 | 35.4 | n/a | 192.1 |
Institutional ownership, Q4 2023
13.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 8 |
Opened positions | 0 |
Closed positions | 97 |
Increased positions | 1 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 120.85 mm |
Total shares | 11.90 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Pacific Sequoia | 6.36 mm | $57.65 mm |
AN Autonation | 5.37 mm | $11.71 mm |
Anthem Ventures Fund | 94.61 k | $0.00 |
SG Americas Securities | 48.87 k | $169.00 k |
Bleakley Financial | 14.30 k | $49.49 mm |
Thrivent Trust Co of Tennessee | 5.40 k | $11.00 k |
Global Retirement Partners | 433.00 | $1.40 mm |
Versant Capital Management | 124.00 | $429.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 May 24 | Buce Robert | Common Stock | Grant | Acquire A | No | No | 0 | 51,369 | 0.00 | 231,560 |
23 May 24 | Barbara Carbone | Common Stock | Grant | Acquire A | No | No | 0 | 51,369 | 0.00 | 259,073 |
23 May 24 | Faye Iosotaluno | Common Stock | Grant | Acquire A | No | No | 0 | 51,369 | 0.00 | 237,680 |
23 May 24 | Brendan L Harrington | Common Stock | Grant | Acquire A | No | No | 0 | 51,369 | 0.00 | 332,877 |