TrueCar Inc. (TRUE) reported earnings on Mon 6 Nov 2017 (a/h)

** charts before earnings ** 

 

** charts after earnings **

 

TrueCar reports EPS in-line, misses on revs; guides Q4 revs below consensus 

• Reports Q3 (Sep) earnings of $0.02 per share, in-linewith the Capital IQ Consensus of $0.02; revenues rose 9.7% year/year to $82.4 mln vs the $86.82 mln Capital IQ Consensus.
• Units were 253,527 in 3Q17, up 15% from 220,633 in 3Q16.
• Franchise dealer count was 12,286 as of September 30, 2017, a record and an increase from 12,204 as of June 30, 2017.
• Independent dealer count was 2,938 as of September 30, 2017, a record and an increase from 2,860 as of June 30, 2017. 
• Co issues downside guidance for Q4, sees Q4 revs of $81-$83 mln vs. $84.11 mln Capital IQ Consensus Estimate. Sees units of 240-245K. Sees Adjusted EBITDA in the range of $6.0-$7.0 million.