TRUE - TrueCar, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$2.55
DETAILS
HIGH:
$2.55
LOW:
$2.55
MEDIAN:
$2.55
CONSENSUS:
$2.55
UPSIDE:
20.85%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 175.6 | 158.7 | 161.5 | 231.7 | 278.7 | 335.0 | 353.6 | 323.1 | 277.5 | 259.8 |
| Cost of Revenue | 26.4 | 15.9 | 16.2 | 22.2 | 21.5 | 27.8 | 31.2 | 28.2 | 25.2 | 23.7 |
| Gross Profit | 149.2 | 142.8 | 145.3 | 209.5 | 257.1 | 307.2 | 322.4 | 294.9 | 252.3 | 236.2 |
| Operating Expenses | ||||||||||
| R&D Expenses | 29.6 | 42.2 | 46.1 | 41.4 | 44.9 | 56.1 | 61.3 | 59.1 | 53.6 | 48.0 |
| SG&A Expenses | 138.7 | 139.4 | 148.6 | 185.2 | 201.9 | 291.3 | 267.6 | 247.0 | 214.3 | 234.5 |
| Other Expenses | 18.0 | 17.7 | 76.3 | 16.3 | 28.8 | 20.7 | 22.7 | 22.5 | 23.3 | 0.0 |
| Operating Expenses | 186.4 | 199.3 | 271.0 | 242.9 | 275.6 | 368.1 | 351.6 | 328.6 | 291.2 | 300.2 |
| Operating Income | ||||||||||
| Operating Income | (37.2) | (56.5) | (125.7) | (33.5) | (18.5) | (60.9) | (29.2) | (33.7) | (38.9) | (64.0) |
| Interest Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.6 | 2.6 | 2.5 | 0.4 |
| Interest Income | 6.1 | 6.7 | 2.6 | 0.1 | 0.5 | 2.5 | 2.8 | 1.3 | 0.4 | 0.1 |
| Profitability | ||||||||||
| EBITDA | (18.2) | (35.8) | (45.5) | (12.9) | 15.5 | (34.2) | (8.5) | (9.9) | (15.2) | (46.2) |
| EBIT | (37.2) | (56.5) | (65.9) | (33.5) | (10.3) | (60.9) | (30.3) | (32.4) | (38.5) | (63.9) |
| Income Before Tax | (31.0) | (49.7) | (121.2) | (38.2) | (19.8) | (59.7) | (28.5) | (35.0) | (41.1) | (64.3) |
| Income Tax Expense | 0.0 | 0.0 | (2.6) | 0.2 | (0.0) | (1.3) | (0.2) | (2.2) | 0.7 | 0.6 |
| Net Income | (31.0) | (49.8) | (118.7) | (38.3) | 76.5 | (54.9) | (28.3) | (32.8) | (41.7) | (64.9) |
| Per Share Data | ||||||||||
| EPS (Basic) | -0.34 | -0.55 | -1.30 | -0.40 | 0.72 | -0.52 | -0.28 | -0.35 | -0.49 | -0.79 |
| EPS (Diluted) | -0.34 | -0.55 | -1.30 | -0.40 | 0.72 | -0.52 | -0.28 | -0.35 | -0.49 | -0.79 |
| Shares Outstanding | 90.2 | 89.8 | 91.5 | 97.4 | 106.3 | 105.8 | 102.1 | 94.9 | 84.5 | 81.9 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 111.8 | 135.1 | 175.5 | 245.2 | 273.3 | 181.5 | 196.1 | 197.8 | 107.7 | 112.4 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 15.7 | 18.3 | 13.8 | 16.7 | 32.9 | 38.2 | 47.8 | 39.2 | 36.9 | 33.8 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5 | 5.5 | 6.0 | 6.0 |
| Other Current Assets | 3.1 | 3.6 | 2.6 | 1.9 | 12.9 | 12.8 | 4.1 | 1.1 | 2.3 | 0.8 |
| Total Current Assets | 135.1 | 163.1 | 197.8 | 269.9 | 324.9 | 239.7 | 255.5 | 243.6 | 152.9 | 153.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 18.1 | 29.0 | 35.8 | 42.8 | 50.6 | 63.8 | 61.5 | 70.7 | 66.9 | 71.4 |
| Goodwill | 0.0 | 0.0 | 0.0 | 51.2 | 51.2 | 59.5 | 73.3 | 53.3 | 53.3 | 53.3 |
| Intangible Assets | 2.0 | 8.4 | 14.0 | 5.0 | 6.6 | 9.0 | 23.5 | 15.9 | 19.8 | 23.8 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 14.5 | 19.9 | 21.9 | 1.2 | (7.1) | (9.2) | 0.0 |
| Other Non-Current Assets | 4.5 | 3.9 | 3.9 | 4.3 | 4.8 | 27.7 | (2.5) | 1.4 | 1.6 | 0.9 |
| Total Non-Current Assets | 24.6 | 41.2 | 53.7 | 117.7 | 133.1 | 181.9 | 165.5 | 141.3 | 141.5 | 149.4 |
| Total Assets | 159.7 | 204.3 | 251.5 | 387.7 | 458.1 | 421.7 | 421.0 | 384.8 | 294.4 | 302.4 |
| Current Liabilities | ||||||||||
| Account Payables | 7.9 | 6.9 | 8.7 | 11.4 | 13.2 | 21.3 | 26.3 | 18.6 | 13.8 | 18.9 |
| Short-Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deferred Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | 0.0 |
| Other Current Liabilities | 4.9 | 6.7 | 7.4 | 5.2 | 6.5 | 6.7 | 2.0 | 2.3 | 0.0 | 2.4 |
| Total Current Liabilities | 32.9 | 29.0 | 30.8 | 31.5 | 42.9 | 54.2 | 41.6 | 38.0 | 35.4 | 39.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.8 | 0.6 | 0.8 | 3.0 | 2.4 |
| Other Non-Current Liabilities | 0.3 | 4.0 | 5.0 | 0.0 | 0.4 | 2.3 | 9.3 | 3.8 | 2.7 | 1.2 |
| Total Non-Current Liabilities | 8.7 | 15.1 | 23.5 | 26.4 | 32.4 | 40.2 | 32.8 | 33.7 | 34.5 | 30.6 |
| Total Liabilities | 41.6 | 44.1 | 54.3 | 57.9 | 75.3 | 94.4 | 74.4 | 71.7 | 69.9 | 69.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (593.3) | (562.3) | (512.5) | (393.8) | (355.5) | (432.1) | (373.5) | (351.1) | (318.2) | (275.9) |
| Accumulated Other Comprehensive Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (81.7) | (65.3) | (48.1) | (29.6) |
| Total Stockholders' Equity | 118.1 | 160.2 | 197.3 | 329.8 | 382.8 | 327.3 | 346.6 | 313.1 | 224.6 | 232.7 |
| Total Liabilities & Equity | 159.7 | 204.3 | 251.5 | 387.7 | 458.1 | 421.7 | 421.0 | 384.8 | 294.4 | 302.4 |
| Debt Metrics | ||||||||||
| Total Debt | 11.3 | 14.4 | 23.0 | 31.6 | 36.7 | 43.0 | 23.0 | 29.1 | 28.8 | 27.0 |
| Net Debt | (100.6) | (120.7) | (152.5) | (213.7) | (236.6) | (138.5) | (173.1) | (168.6) | (78.9) | (85.4) |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (31.0) | (49.8) | (118.7) | (38.3) | (19.8) | (58.3) | (28.3) | (32.8) | (41.7) | (64.9) |
| Depreciation & Amortization | 19.0 | 20.7 | 20.5 | 20.6 | 25.8 | 26.6 | 22.7 | 22.4 | 23.2 | 17.3 |
| Stock-Based Compensation | 11.7 | 0.0 | 17.7 | 20.4 | 23.1 | 0.0 | 37.2 | 32.2 | 24.7 | 42.6 |
| Change in Working Capital | (0.8) | (10.6) | (5.5) | 3.6 | (14.2) | 3.7 | (8.8) | 0.6 | (6.2) | (8.6) |
| Other Non-Cash Items | 8.8 | 17.3 | 59.2 | 7.8 | 25.1 | 48.1 | 2.3 | 1.9 | 2.2 | 1.8 |
| Operating Cash Flow | 7.7 | (22.4) | (29.1) | 14.2 | 39.1 | 20.3 | 24.8 | 22.1 | 2.8 | (11.4) |
| Investing Activities | ||||||||||
| Capital Expenditure | (7.9) | (11.8) | (11.7) | (10.7) | (10.3) | (10.2) | (17.1) | (19.8) | (16.6) | (29.8) |
| Acquisitions | 0.0 | 0.0 | 3.7 | 0.0 | 0.0 | 0.0 | (26.9) | 0.0 | 0.0 | 0.0 |
| Purchases of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (23.2) | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales/Maturities of Investments | 0.0 | 0.0 | 15.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Investing Activities | 0.0 | 0.0 | (15.7) | 6.5 | 112.2 | (1.1) | 0.8 | 0.0 | 0.0 | 0.0 |
| Investing Cash Flow | (7.9) | (11.8) | (8.0) | (4.2) | 101.9 | (34.5) | (43.2) | (19.8) | (16.6) | (29.8) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.5 | 0.6 |
| Stock Repurchased | (20.1) | 0.0 | (29.8) | (31.9) | (42.8) | 0.0 | (3.0) | 0.0 | (0.1) | (0.9) |
| Dividends Paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Financing Activities | (4.9) | (5.0) | (2.9) | (7.5) | (6.5) | (3.3) | 16.7 | 70.3 | 7.7 | 6.3 |
| Financing Cash Flow | (25.0) | (4.3) | (32.5) | (38.1) | (49.2) | (0.5) | 16.7 | 87.7 | 9.2 | 6.0 |
| Cash Position | ||||||||||
| Net Change in Cash | (25.1) | (38.6) | (69.7) | (28.1) | 91.8 | (14.6) | (1.6) | 90.0 | (4.7) | (35.2) |
| Cash at Beginning | 137.0 | 175.5 | 245.2 | 273.3 | 181.5 | 196.1 | 197.8 | 107.7 | 112.4 | 147.5 |
| Cash at End | 111.8 | 137.0 | 175.5 | 245.2 | 273.3 | 181.5 | 196.1 | 197.8 | 107.7 | 112.4 |
| Free Cash Flow | (0.2) | (34.2) | (40.8) | 3.5 | 28.8 | 10.2 | 7.7 | 2.3 | (13.9) | (41.2) |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 175.6 | 158.7 | 161.5 | 231.7 | 278.7 | 335.0 | 353.6 | 323.1 | 277.5 | 259.8 |
| Gross Profit | 149.2 | 142.8 | 145.3 | 209.5 | 257.1 | 307.2 | 322.4 | 294.9 | 252.3 | 236.2 |
| Operating Income | (37.2) | (56.5) | (125.7) | (33.5) | (18.5) | (60.9) | (29.2) | (33.7) | (38.9) | (64.0) |
| Net Income | (31.0) | (49.8) | (118.7) | (38.3) | 76.5 | (54.9) | (28.3) | (32.8) | (41.7) | (64.9) |
| EPS (Diluted) | -0.34 | -0.55 | -1.30 | -0.40 | 0.72 | -0.52 | -0.28 | -0.35 | -0.49 | -0.79 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 111.8 | 135.1 | 175.5 | 245.2 | 273.3 | 181.5 | 196.1 | 197.8 | 107.7 | 112.4 |
| Total Assets | 159.7 | 204.3 | 251.5 | 387.7 | 458.1 | 421.7 | 421.0 | 384.8 | 294.4 | 302.4 |
| Total Debt | 11.3 | 14.4 | 23.0 | 31.6 | 36.7 | 43.0 | 23.0 | 29.1 | 28.8 | 27.0 |
| Stockholders' Equity | 118.1 | 160.2 | 197.3 | 329.8 | 382.8 | 327.3 | 346.6 | 313.1 | 224.6 | 232.7 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 7.7 | (22.4) | (29.1) | 14.2 | 39.1 | 20.3 | 24.8 | 22.1 | 2.8 | (11.4) |
| Capital Expenditure | (7.9) | (11.8) | (11.7) | (10.7) | (10.3) | (10.2) | (17.1) | (19.8) | (16.6) | (29.8) |
| Free Cash Flow | (0.2) | (34.2) | (40.8) | 3.5 | 28.8 | 10.2 | 7.7 | 2.3 | (13.9) | (41.2) |