Benzinga | Aug 6, 2020 04:37PM EDT

TrueCar: Q2 Earnings Insights

Shares of TrueCar (NASDAQ:TRUE) rose 33.1% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 300.00% year over year to $0.04, which beat the estimate of ($0.07).

Revenue of $62,685,000 decreased by 28.83% from the same period last year, which beat the estimate of $55,230,000.

Looking Ahead

TrueCar hasn't issued any earnings guidance for the time being.

TrueCar hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Aug 06, 2020

Time: 04:30 PM

ET Webcast URL: http://public.viavid.com/player/index.php?id=140569

Price Action

Company's 52-week high was at $5.44

52-week low: $1.98

Price action over last quarter: Up 107.61%

Company Description

TrueCar Inc is a data-driven online platform operating on a common technology infrastructure, powered by proprietary data and analytics. It also customizes and operates its platform for affinity group marketing partners, such as USAA and Consumer Reports, financial institutions, and other large enterprises such as Boeing and Verizon. The company enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers.