-TrueCar (TRUE) reported earnings on Thur 7 Nov 19 (a/h)

TrueCar beats by $0.03, beats on revs; guides FY19 revs above consensus

Reports Q3 (Sep) net of breakeven, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of ($0.03); revenues fell 3.2% year/year to $90.56 mln vs the $88.01 mln S&P Capital IQ Consensus.

• Third quarter Adjusted EBITDA of $5.9 mln, representing an Adjusted EBITDA margin of 6.5%, compared to Adjusted EBITDA of $10.0 mln, representing an Adjusted EBITDA margin of 10.7%, in the third quarter of 2018.
• Average monthly unique visitors decreased 4% to 7.7 mln in the third quarter of 2019, down from 8.0 mln in the third quarter of 2018.

Co issues upside guidance for FY19, sees FY19 revs of $351-353 mln vs. $347.66 mln S&P Capital IQ Consensus.