TrueCare Inc. (NASDAQ:TRUE)
TrueCar Inc. (NASDA:TRUE) tries to transform the car buying experience for consumers and the way that dealers attract customers and sell cars. The company has established an intelligent, data-driven online platform operating on a common technology infrastructure, powered by proprietary data and analytics. Santa Monia, CA-based TrueCar operates TrueCar.com website. In addition, they customize and operate a platform for affinity group marketing partners, such as USAA and Consumer Reports, financial institutions, and other large enterprises such as Boeing and Verizon. TrueCar enables users to obtain market-based pricing data on new and used cars, and to connect with our network of 13,000 TrueCar Certified Dealers. Two million users have bought a car through TrueCar certified dealers.
TrueCar’s Affinity Partners include USAA, Sam’s Club, Consumer Reports, AAA, American Express, Geico and Farmers.
TrueCar Inc. (NASDA:TRUE) was originally incorporated under the name “Zag.com Inc.”. TrueCare originally operated the business primarily as a provider of “white-labeled” auto-buying programs for affinity groups such as USAA. Within the Zag.com environment, the concepts of price confidence using data and analytics presented in an easy-to-digest form was created and launched in TrueCar.com. The TrueCar concept involved gathering data in order to increase pricing transparency on vehicle prices for consumers in an attempt to enhance Zag.com’s services. Ultimately, the two entities were combined to form TrueCar Inc.’s (NASDA:TRUE).
In 2008 TrueCar Inc. (NASDA:TRUE) raised $2.8 million from Zag’s original investors. It received $8.1 million investments from Capital One and Anthem Venture Partners. TrueCar raised another $35.5 million in 2010. In September 2011, TrueCar raised $200 million from USAA, GRP Partners, Keating Capital, Silicon Valley Bank and Capricorn Investment Group. Truecar raised $30 million from Vulcan Capital in 2013. As of 2013, TrueCare Inc. has raised over $200 million in financing since its founding in 2005.
TrueCar Inc. (NASDA:TRUE) has had increasing sales since 2011 when it posted a fugure of $$76.3 million. In 2015 the figure was $259.8 million. True EPS has been negative since 2011 when the figure was a $0.16 loss. Other EPS losses followed and in 2015 the loss was $0.79 EPS.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
|Last Price a/o 9:44 AM EST||$ 14.40|
|Market Cap (mlns)||$ 1,110.00|
|Shares Outstanding (mlns)||83.78|
|Share Float (mlns)||63.3|
|Short Interest Ratio||27.84|