TrueCar Inc - Company Profile
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TrueCar Inc (TrueCar) is a data-driven online platform operating as an information, communication and technology (ICT) services company. The company operates its platform through TrueCar.com website and TrueCar mobile applications and also car-buying programs for some of the US membership and service organizations such as AARP, USAA, AAA, American Express, and Sam's Club. The company offers service as new and used car listing through the digital platforms, insurance services and automotive loans. TrueCar offers cars of various brands such as Acura, Alfa Romeo, Land Rover, Mercedes-Benz, Audi, BMW, Buick, Cadillac, Kia, Nissan, Chevrolet, Chrysler, and Dodge. TrueCar is headquartered in Santa Monica, California, the US.
Headquarters
United States of America
Address
1401 Ocean Ave, Suite 200, Santa Monica, California, 90401
Website
www.truecar.com
Telephone
1 800 2002000
No of Employees
441
Industry
Technology and Communications
Ticker Symbol & Exchange
TRUE (NASD)
Revenue (2022)
$161.5M
-30.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-209.6%
(2022 vs 2021)
Market Cap*
$266.5M
Net Profit Margin (2022)
XYZ
-344.3%
(2022 vs 2021)
* As of and is in US$
TrueCar Inc premium industry data and analytics
Products and Services
| Services |
|---|
| New Car Listings |
| Used Car Listings |
| Sell/ Trade of Vehicles |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In October, the company entered into an agreement with Car for CarandDriver.com's 15 million users. |
| 2022 | Stake Sale | In November, the company sold 6.1% stake to AutoNation Inc. |
| 2022 | Acquisitions/Mergers/Takeovers | In June, the company acquired the US-based Digital Motors. |
Competitor Comparison
| Key Parameters | TrueCar Inc | Google LLC | Carvana Co | Vroom Inc | CarGurus Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Santa Monica | Mountain View | Tempe | Houston | Cambridge |
| State/Province | California | California | Arizona | Texas | Massachusetts |
| No. of Employees | 441 | 178,234 | 16,600 | 1,323 | 1,403 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Christopher W. Claus | Chairman | Executive Board | 2016 | 62 |
| Teresa Luong | Chief Financial Officer | Senior Management | 2023 | 50 |
| Jantoon Reigersman | Chief Operating Officer | Senior Management | 2023 | 41 |
| Elias Rokos | Chief Technology Officer | Senior Management | 2020 | - |
| Jill Angel | Chief People and Communications Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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