TrueCar (TRUE) reported earnings on Tue 6 Nov 2018 (a/h)

** charts before earnings ** 

 

** charts after earnings **

TrueCar misses by $0.01, reports revs in-line; guides Q4 revs below consensus 

• Reports Q3 (Sep) earnings of $0.04 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $0.05; revenues rose 13.5% year/year to $93.59 mln vs the $93.89 mln S&P Capital IQ Consensus.
  • Third quarter Adjusted EBITDA(2) of $10.0 million, representing an Adjusted EBITDA margin(3) of 10.7%, compared to Adjusted EBITDA of $8.0 million, representing an Adjusted EBITDA margin of 9.7%, in the third quarter of 2017.
  • Units(4) were 268,026 in the third quarter of 2018, up 6% from 253,527 in the third quarter of 2017.
• Co issues downside guidance for Q4, sees Q4 revs of $95.5-97.5 mln vs. $98.83 mln S&P Capital IQ Consensus.
  • Units are expected to be in the range of 262,000 to 267,000.
  • Adjusted EBITDA is expected to be in the range of $10.0 million to $11.0 million.