TrueCar (TRUE) reported earnings Thur 18 Feb 2016 (a/h)

** charts before earnings ** 

 

** charts after earnings **

 

 TrueCar misses by $0.02, misses on revs; guides Q1 & FY16 revs below consensus  :

Reports Q4 (Dec) loss of $0.06 per share, $0.02 worse than the Capital IQ Consensus of ($0.04); revenues rose 14.6% year/year to $63.59 mln vs the $65.28 mln Capital IQ Consensus.

• Co issues downside guidance for Q1, sees Q1 revs of $60-62 mln vs. $70.21 mln Capital IQ Consensus Estimate. Adjusted EBITDA is expected to be breakeven.
• Co issues downside guidance for FY16, sees FY16 revs of $270-275 mln vs. $309.74 mln Capital IQ Consensus Estimate. Adjusted EBITDA is expected to be breakeven.
• Franchise dealer count was 9,094 as of December 31, 2015, representing approximately 29% of all new car franchises and an increase from 8,702 as of September 30, 2015.
• Average monthly unique visitors was 5.9 million in the fourth quarter of 2015, up from approximately 4.4 million in the fourth quarter of 2014. In FY 2015, average monthly unique visitors increased 40% to approximately 6.0 million, up from 4.3 million in FY 2014.