Truecar Inc Stock Price, News & Analysis

On March 8, 2022, TrueCar (NASDAQ:TRUE) launched TrueCar+, an innovative online platform for purchasing new and used vehicles. The platform allows consumers to finalize deals, arrange financing, and schedule delivery from home or at participating TrueCar Certified Dealers. Following a successful pilot in Florida, TrueCar plans to expand nationwide, meeting consumer demand for online car buying options. Over 60% of shoppers prefer completing purchases online, highlighting the marketplace's potential for growth.

TrueCar announced that its President and CEO, Mike Darrow, will speak at the JMP Securities Technology Conference on March 7, 2022. The fireside chat is scheduled for 2:30 p.m. Eastern (11:30 a.m. Pacific). Attendees can access a live webcast of the event and a replay will be available for 90 days. TrueCar, listed on NASDAQ under the ticker TRUE, operates a digital marketplace for buying and selling vehicles, aiming to provide transparency and efficiency in the auto purchasing process.

TrueCar anticipates February 2022 U.S. vehicle sales at 1,071,377 units, a 10% decline year-over-year but a 7% increase from January. The seasonally adjusted annualized rate (SAAR) for total light vehicle sales is estimated at 14.2 million, down 11% from February 2021. Retail deliveries are expected to decline 12% compared to last year, totaling 935,604 units. Average transaction prices have risen by 15%, while incentive spending has dropped by 53%. The industry is stabilizing after volatility, with notable shifts in leasing and loan options for consumers.

TrueCar (NASDAQ:TRUE) has appointed Jantoon Reigersman as Chief Operating Officer, effective March 1, 2022, adding to his current role as Chief Financial Officer. This dual role aims to enhance operational effectiveness and drive revenue growth through the TrueCar+ online marketplace. Currently in pilot in Florida, TrueCar+ is set for statewide expansion by Q2 2022. The company emphasizes innovation and improved efficiency for both consumers and dealers, contributing to the overall transformation of the automotive buying experience.

TrueCar (NASDAQ:TRUE) announced its fourth quarter financial results for 2021 in a stockholder letter on February 22, 2022. The detailed letter is accessible on their investor relations website. A live question and answer session is scheduled for February 23, 2022, at 9:00 a.m. ET to discuss these results. TrueCar positions itself as a leading auto marketplace connecting buyers with Certified Dealers, enhancing the auto-buying experience through transparency and efficiency.

TrueCar, Inc. (NASDAQ: TRUE) announced that starting today, stockholders can submit and upvote questions for the Q4 2021 earnings call. The initiative utilizes Say Connect from Say Technologies to enhance stockholder engagement. Questions can be submitted until February 22, 2022, at 9:00 a.m. ET. The earnings call is scheduled for February 23 at 9:00 a.m. ET, where management will address selected stockholder queries. Investors can register for a live webcast of the call, with an archived replay available on the Investor Relations section of TrueCar's website.

TrueCar, Inc. will report its fourth quarter 2021 financial results on February 22, 2022, after market close via a stockholder letter available on their Investor Relations website. A related earnings call will be hosted on February 23, 2022, at 9:00 a.m. ET, featuring CEO Mike Darrow and CFO Jantoon Reigersman. The call will include a Q&A platform for stockholders starting February 16. TrueCar provides an online automotive marketplace connecting buyers with Certified Dealers, promoting transparency and a seamless car buying experience.

TrueCar, Inc. forecasts total new vehicle sales for January 2022 at 1,006,325 units, reflecting a 9% decline year-over-year and 7% from December 2021. The seasonally adjusted annualized rate (SAAR) is estimated at 15.3 million units. Retail deliveries are anticipated to reach 893,077 units, down 10% from last year. Despite a slight decrease in transaction prices and improving supply conditions, the ongoing chip shortage remains a challenge. Total sales in 2022 are expected at 15.4 million units.

TrueCar, Inc. (NASDAQ:TRUE) announced that CEO Mike Darrow will participate in a fireside chat at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 2:45 p.m. Eastern. This event will be accessible via live webcast and replay on TrueCar's Investor Relations website for 90 days following the event. TrueCar provides an online automotive marketplace connecting buyers with Certified Dealers, emphasizing transparency and efficiency in the car buying process.