Truecar Intrinsic Value Calculator – TRUECAR Reports Earnings for FY2023 Q2, Ending June 30
August 13, 2023
🌥️Earnings Overview
On August 4 2023, TRUECAR ($NASDAQ:TRUE) released their earnings report for Q2 in the fiscal year of 2023. The period in question ended on June 30 2023 and the company saw total revenue of USD 39.3 million, a 7.1% decrease in comparison to the same time the previous year. However, net income showed an increase from -11.0 million the year prior to -20.4 million this quarter.
Share Price
TRUECAR released its earnings report for Q2 of FY2023, ending June 30, on Friday. At market open, TRUECAR stock opened at $2.5 and closed at $2.3, a drop of 5.3% from the previous day’s closing price of $2.4. This marks the second consecutive quarter in which TRUECAR has reported a loss.
TRUECAR’s management team is taking steps to address the issues but hasn’t provided any specifics at this time. Analysts are keeping a close eye on the company’s continuing performance and will provide further updates if necessary. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Truecar. More…
| Total Revenues | Net Income | Net Margin |
| 151.99 | -135.24 | -49.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Truecar. More…
| Operations | Investing | Financing |
| -37.68 | -9.95 | -9.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Truecar. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 216.7 | 52.4 | 1.83 |
Key Ratios Snapshot
Some of the financial key ratios for Truecar are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -22.5% | – | -53.4% |
| FCF Margin | ROE | ROA |
| -33.3% | -29.3% | -23.4% |
Analysis – Truecar Intrinsic Value Calculator
At GoodWhale, we conducted an analysis of TRUECAR‘s wellbeing and determined the intrinsic value of their share to be around $2.2. Through our proprietary Valuation Line, we were able to precisely calculate this value. Interestingly, TRUECAR’s stock is currently being traded at $2.3, representing a fair price that is overvalued by 4.8%. This suggests that the market expects more from the company than our analysis indicates. More…
Peers
TrueCar Inc is an online automotive information and communication company. Its competitors are Geniee Inc, Frugl Group Ltd, Sabio Holdings Inc.
– Geniee Inc ($TSE:6562)
As of 2022, Geniee Inc has a market cap of 23.02B and a Return on Equity of 14.17%. Geniee Inc is a Japanese technology company that specializes in artificial intelligence, big data, and marketing solutions. The company was founded in 2000 and is headquartered in Tokyo, Japan.
– Frugl Group Ltd ($ASX:FGL)
Frugl Group Ltd is a market leading company that provides innovative and cost effective marketing solutions to businesses of all sizes. The company has a strong focus on ROI and offers a range of services that include SEO, PPC, social media, web design and development. Frugl Group Ltd has a market capitalization of 2.65M as of 2022 and a return on equity of 347.58%. The company’s strong focus on ROI and its wide range of services make it an attractive option for businesses looking for cost effective marketing solutions.
– Sabio Holdings Inc ($TSXV:SBIO)
Sabio Holdings Inc is a Japanese holding company that operates in the IT services industry. The company has a market capitalization of 57.35 million as of 2022 and a return on equity of 14566.6%. The company provides IT services to businesses and organizations in a variety of industries.
Summary
TRUECAR‘s Q2 FY2023 earnings report was released on August 4, 2023, indicating a decrease in total revenue by 7.1% compared to the same period in the prior year. Net income for the quarter increased from -11 million to -20.4 million. The stock price subsequently fell the same day. For investors considering investing in TRUECAR, it is important to analyze the company’s financial performance and other potential risks.
Factors to consider include the company’s cash flow, debt levels, operating margins, competitive landscape, and potential future growth. It is also important to review the company’s risk management strategies and its ability to withstand changes in market conditions.
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