TrueCar (NASDAQ:TRUE) changed 1.40% to recent value of $5.06. The stock transacted 1424227 shares during most recent day however it has an average volume of 781.80K shares. It spotted trading -21.79% off 52-week high price. On the other end, the stock has been noted 155.56% away from the low price over the last 52-weeks.

On Feb. 24, 2021, TrueCar (NASDAQ:TRUE) released its financial results for the fourth quarter and fiscal year ended December 31, 2020.

Fourth Quarter 2020 Financial Highlights

The following financial results reflect continuing operations only:

  • Fourth quarter total revenue of $64.0 million, down (25) % from $84.9 million in the fourth quarter of 2019.
  • Fourth quarter loss from continuing operations of $(7.7) million, or $(0.07) per basic and diluted share, compared to loss from continuing operations of $(9.7) million, or $(0.09) per basic and diluted share, in the fourth quarter of 2019.
  • Fourth quarter Non-GAAP net loss (1) of $(1.1) million, or $(0.01) per basic and diluted share, compared to Non-GAAP net loss of $(2.6) million, or $(0.02) per basic and diluted share, in the fourth quarter of 2019.
  • Fourth quarter Adjusted EBITDA (2) of $6.1 million, representing an Adjusted EBITDA margin (3) of 9.5%, compared to Adjusted EBITDA of $1.7 million, representing an Adjusted EBITDA margin of 2.0%, in the fourth quarter of 2019.

2020 Financial Highlights

The following financial results reflect continuing operations only:

  • Total revenue of $278.7 million, down (16.8) % from $335.0 million in FY 2019.
  • Loss from continuing operations of $(19.8) million, or $(0.19) per basic and diluted share, compared to loss from continuing operations of $(58.3) million, or $(0.55) per basic and diluted share, in FY 2019.
  • Non-GAAP net income of $20.2 million, or $0.19 per basic and diluted share, compared to Non-GAAP net loss of $(8.7) million, or $(0.08) per basic and diluted share, in FY 2019.
  • Adjusted EBITDA of $42.1 million, representing an Adjusted EBITDA margin of 15.1%, compared to Adjusted EBITDA of $8.2 million, representing an Adjusted EBITDA margin of 2.4%, in FY 2019.
  • Cash and cash equivalents of approximately $273 million at December 31, 2020.

 TRUE has a gross margin of 92.10% and an operating margin of -7.60% while its profit margin remained -6.90% for the last 12 months. Its earnings per share (EPS) expected to touch remained -87.10% for this year.

 The company has 107.69M of outstanding shares and 92.66M shares were floated in the market. According to the most recent quarter its current ratio was 6.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.42% from the mean of 20 days, 6.47% from mean of 50 days SMA and performed 22.32% from mean of 200 days price. Company’s performance for the week was -2.50%, 1.00% for month and YTD performance remained 20.48%.

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