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

  • TRUECAR_Reports_Earnings_for_FY2023_Q2_Ending_June_30″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • 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%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Truecar. More…

    Operations Investing Financing
    -37.68 -9.95 -9.64
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • 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…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • 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.


    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.

    Recent Posts

    Leave a Comment