TrueCar Inc (TRUE) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.10. The company posted revenue of $66.42 million in the period, compared to analysts expectations of $65.41 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.
TrueCar Inc closed down -0.67 points or -6.86% at $9.09 with 6,22,855 shares getting traded on Tusday. Post opening the session at $9.75, the shares hit an intraday low of $9.07 and an intraday high of $9.79 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Mar 11, 2016, Christopher W Claus (director) purchased 5,000 shares at $5.70 per share price. According to the SEC, on Nov 25, 2015, Bernard Brenner (EVP, Business Development) sold 15,000 shares at $8.77 per share price. On Aug 12, 2015, John Pierantoni (SVP, Chief Accounting Officer) purchased 5,000 shares at $5.66 per share price, according to the Form-4 filing with the securities and exchange commission.
TrueCar Inc. (TrueCar) is a data-driven online platform operating on a common technology infrastructure powered by data and analytics. The Company operates its Company-branded platform on its TrueCar.com Website. In addition it customizes and operates its platform on a co-branded basis for its affinity group marketing partners including financial institutions such as USAA and American Express; membership-based organizations such as Consumer Reports AARP and AAA and employee buying programs for enterprises such as IBM and Walmart. The Company enables users to obtain market-based pricing data on new and used cars and to connect with its network of TrueCar Certified Dealers. It also allows automobile manufacturers known in the industry as original equipment manufacturers (OEMs) to connect with TrueCar users in the purchase process.